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5768 Andrews Rd

10,640 SF 4-Star Retail Building Mentor On The Lake, OH 44060 $1,814,285 ($171/SF) 7% Cap Rate

Storefront Properties Ohio Mentor On The Lake 5768 Andrews Rd, Mentor On The Lake, OH 44060

Investment Highlights

  • Absolute NNN Lease with zero landlord responsibilities, ideal for investors seeking a passive stream of cash flow
  • Strong Corporate Guaranty: From Dollar General Corporation, a Fortune 500 company, boasting a BBB credit rating (S&P) and a $28 billion market cap
  • ±10,640 square foot building is developed to the tenant’s current specifications, offering ample space for consumable products
  • There are over 200,000 residents living within a 10-mile radius with an average household income of over $81,000

Executive Summary

15-year lease with 14.50 years remaining on the primary term and 10% rental increases beginning at the start of each of the Five, 5-Year Options

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
10,640 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2024
Price
$1,814,285
Price Per SF
$171
Cap Rate
7%
NOI
$127,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Land Acres
3.80 AC
Zoning
Business District
Parking
57 Spaces (5.36 Spaces per 1,000 SF Leased)
Frontage
258 FT on Andrews Road

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PROPERTY TAXES

Parcel Number 19-A-091-G-00-003 Improvements Assessment $221,800
Land Assessment $47,250 Total Assessment $269,050

PROPERTY TAXES

Parcel Number
19-A-091-G-00-003
Land Assessment
$47,250
Improvements Assessment
$221,800
Total Assessment
$269,050
(310) 919-5696

  • Listing ID: 33857633

  • Date on Market: 11/13/2024

  • Last Updated:

  • Address: 5768 Andrews Rd, Mentor On The Lake, OH 44060

More public record information on 5768 Andrews Rd, Mentor On The Lake, OH 44060

The Retail Property at 5768 Andrews Rd, Mentor On The Lake, OH 44060 is currently available For Sale. Contact Matthews Real Estate Investment Services for more information.

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5768 Andrews Rd
(310) 919-5696 x

5768 Andrews Rd

Edward Desimone

(310) 919-5696

(310) 919-5696

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