18488 Pearl Rd, Strongsville, OH, 44136
STRICKLAND BROTHERSyes
Photos



Highlights
INVESTMENT HIGHLIGHTS
- New Construction & Long-Term Lease – This high-quality asset was completed in 2022, offering a brand new 15-year lease with multiple renewal options
- Rental Increases – This long-term lease features 10% rental increases every 5 years throughout the initial term and option periods to provide some hedge against inflation
- Cleveland MSA & Excellent Demographics – Strongsville is a affluent suburb of Cleveland with an estimated population of 45,000. Household Income in the immediate area exceeds $126,000
- Absolute NNN – This lease is Absolute NNN making the landlords responsibility minimal, allowing for a more passive stream of income
- Bonus Depreciation* – Asset may qualify for bonus depreciation providing a significant tax advantage. * Consult with your CPA or Tax Advisor to confirm eligibility
- E-Commerce Proof Industry – Quick lube automotive is an $8 Billion industry which continues to prove its resilience through economic downturn and the recent COVID-19 pandemic
Location
Agents
T
Tarik FattahLicense # 02137435 (CA)
K
Kevin PuderLicense # 01949749 (CA)
Broker of Record
Kyle Matthews
License # REC.2022007141 (OH)Matthews Real Estate Investment Services, Inc950 Main Ave., Suite 510, Cleveland, OH 44113
Key Information
Cap Rate
6.5%
Year Built
2022
Term Remaining
±15 YRS
Type
Retail
NOI
$139,277
Leasable Area
1,750