125 Hilliard Rd
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125 Hilliard Rd
3,260 SF 100% Leased Retail Building Elyria, OH 44035 $630,000 ($193/SF) 8% Cap Rate
Investment Highlights
- 10 year NNN Lease
- Long Term Tenant
- 8.0 Cap rate
Executive Summary
10 year NNN Lease. Two (5) year renewable options. 10% increase every renewable option. Currently 30 year business at this location the last 12 years. All areas have been remodeled. 100% occupied by long term tenants. Designed for 3 tenants. Reception area, waiting room, private offices, conference room. Two parcels are included. Corporate fitness center on site with sauna, showers, locker room. Tenant pays gas, electric, CAM, water, sewer, trash, insurance, taxes, and Cap Improvements up to $2,500 per occurrence.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,260 SF
Building Class
C
Year Built/Renovated
1957/2020
Price
$630,000
Price Per SF
$193
Cap Rate
8%
NOI
$50,400
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.53
Lot Size
0.14 AC
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 06-25-032-102-006 | Improvements Assessment | $55,087 |
| Land Assessment | $6,402 | Total Assessment | $61,488 |
PROPERTY TAXES
Parcel Number
06-25-032-102-006
Land Assessment
$6,402
Improvements Assessment
$55,087
Total Assessment
$61,488
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125 Hilliard Rd
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