1220 Som Center Rd
Mayfield Heights, OH 44124

INVESTMENT: The subject investment is a three-tenant retail/office building located in Mayfield Heights, Ohio. The anchor tenant, U.S. Bank recently extended for another 5-years. This particular branch has 3 drive-thru bays and annual deposits of $47.1 Million. U.S. Bank makes up 43% of the total rental income and their lease includes 2% annual increases. The remaining two tenants are Rebecca Robbins DDS, a well known Cleveland Pediatric Dentist and Cardiovascular Consultants. Rebecca Robbins DDS just recently expanded in 2015 by taking an additional 1,175 sq. ft. and signing a new 5-year lease. The tenant completed the entire buildout at their own expense. Cardiovascular Consultants has three locations in Northeast Ohio and has been at this location since 2011. LOCATION: The property is located on the desirable Mayfield Road in Mayfield Heights, Ohio, a city in Cuyahoga County, and a east-side suburb of Cleveland. The current population within a 5-mile radius of the subject property is approximately 160,357. The surrounding neighborhood is an established, densely populated residential area and is within easy access of Interstate 271. The city has a top tier corporate park, a school district that continues to receive “excellent” ratings and a nationally ranked hospital (Cleveland Clinic’s Hillcrest Hospital). The subject property is approximately one mile west of Interstate 271. Traffic on Mayfield Road exceeds 30,000 vehicles per day. NORTHEAST OHIO: The Northeast Ohio Region contains eighteen counties and six metropolitan statistical areas: Greater Cleveland, Akron Metropolitan Area, Canton-Massillon Metropolitan Area, Youngstown Metropolitan Area, Mansfield Metropolitan Area and Sandusky Metropolitan Area. It has a population of over 4.3 million and has a workforce of over 2.2 million.