Children's Learning Adventure, Mayfield Heigh | 1233 Som Center Rd
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Children's Learning Adventure, Mayfield Heigh 1233 Som Center Rd
14,563 SF Retail Building Cleveland, OH 44124 $7,895,580 ($542/SF) 6.27% Cap Rate
Investment Highlights
- Close Proximity to the Hillcrest Hospital with 2,000 employees.
- Heavily Trafficked intersection with over 60,000 vehicles per day.
- Fantastic Access to the Interstate 271
- Trade Area Co-Tenants including Target, Costco, Best Buy, Giant Eagle, Marc’s, ALDI, Starbucks, and many others.
Executive Summary
Children’s Learning Adventure is pleased to offer qualified investors an opportunity to purchase a fee simple, single-tenant net leased investment fully occupied by Children’s Learning Adventure in Mayfield Heights, Ohio. This asset is ideal for investors seeking long-term, inflation-resistant cash flows, featuring a brand new 15-year lease commencing upon closing, two 5-year renewal periods, scheduled rent increases every 5 years and minimal landlord responsibilities.
This 14,563 square foot facility, located on a 1.60 acre lot, is prominently positioned in the dominant retail corridor that draws families from the affluent Gates Mills community. Gates Mills has a median household income of $168,100. The area has a strong white-collar workforce, with over 23,000 employees within a 1.5 mile radius. Neaby Retailers include Target, Costco, Best Buy, Marc’s, ALDI, CVS Pharmacy, Bath & Body Works, Marshalls and many more.
*All Photos or Renderings are projected and not-current representations.
Tenant Sale-Leaseback
New 15-Year Primary Lease Term
Lease Term Commencing at Close of Escrow
NNN Lease with Minimal Landlord Responsibilities
2 additional 5-Year Option Periods
Annual Rent of $495,053
This 14,563 square foot facility, located on a 1.60 acre lot, is prominently positioned in the dominant retail corridor that draws families from the affluent Gates Mills community. Gates Mills has a median household income of $168,100. The area has a strong white-collar workforce, with over 23,000 employees within a 1.5 mile radius. Neaby Retailers include Target, Costco, Best Buy, Marc’s, ALDI, CVS Pharmacy, Bath & Body Works, Marshalls and many more.
*All Photos or Renderings are projected and not-current representations.
Tenant Sale-Leaseback
New 15-Year Primary Lease Term
Lease Term Commencing at Close of Escrow
NNN Lease with Minimal Landlord Responsibilities
2 additional 5-Year Option Periods
Annual Rent of $495,053
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Day Care Center
Building Size
14,563 SF
Building Class
B
Year Built
2007
Price
$7,895,580
Price Per SF
$542
Cap Rate
6.27%
NOI
$495,053
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Land Acres
1.60 AC
Zoning
Commercial - Commercial
Parking
40 Spaces (2.75 Spaces per 1,000 SF Leased)
Frontage
88 FT on Som Center Rd
Amenities
- Pylon Sign
- Signalized Intersection
- Waterfront
- Drive Thru
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 1st Floor
- 14,564 SF
- Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| 1st Floor | 14,564 SF | Retail | - | Now |
1st Floor
| Size |
| 14,564 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 862-26-003 | Improvements Assessment | $527,660 |
| Land Assessment | $535,540 | Total Assessment | $1,063,200 |
PROPERTY TAXES
Parcel Number
862-26-003
Land Assessment
$535,540
Improvements Assessment
$527,660
Total Assessment
$1,063,200
-
Kalen Rickard -
Brian Gausden -
Julie Green -
Western Retail Advisors, LLC
1 of 9
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Children's Learning Adventure, Mayfield Heigh | 1233 Som Center Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.