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KeyBank 5900 St Clair Ave

5,554 SF Retail Building Cleveland, OH 44103 $1,412,000 ($254/SF) 7.50% Cap Rate

Banks Ohio Cleveland 5900 St Clair Ave, Cleveland, OH 44103

Investment Highlights

  • Absolute Net Lease with Three Years Remaining – Tenant Exercised Their Most Recent Option in 2021
  • Dense Infill Location - 206,756 Residents and 341,424 Employees (Five-Mile Radius)
  • Near the Signalized Hard Corner of St Clair Avenue and East 55th Street (33,795 VPD) With Easy Access to Interstate 90 (114,918 VPD)
  • Corporate Lease with KeyBank National Association (NYSE: KEY)

Executive Summary

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease KeyBank in Cleveland, OH. The property consists of a 5,554-square-foot, freestanding building that sits on approximately 1.08 acres of land. There are 3 years remaining on the lease with 10% rental increases every 5 years.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
5,554 SF
Building Class
C
Year Built
1973
Price
$1,412,000
Price Per SF
$254
Cap Rate
7.50%
NOI
$105,846
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.08 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
Commercial
Parking
44 Spaces (7.92 Spaces per 1,000 SF Leased)
Frontage
150 FT on St Clair Ave

Amenities

  • Pylon Sign
  • Signage
  • Drive Thru

Links

1 of 1
Walk Score ®
Very Walkable (76)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Numbers
Multiple
  • 104-12-007
  • 104-12-006
  • 104-12-008
 Improvements Assessment $73,900
Land Assessment $74,170 Total Assessment $148,070

PROPERTY TAXES

Parcel Numbers
Multiple
  • 104-12-007
  • 104-12-006
  • 104-12-008
Land Assessment
$74,170
Improvements Assessment
$73,900
Total Assessment
$148,070
(972) 755-5205

Contacts

  • Listing ID: 33839985

  • Date on Market: 11/12/2024

  • Last Updated:

  • Address: 5900 St Clair Ave, Cleveland, OH 44103

More public record information on 5900 St Clair Ave, Cleveland, OH 44103

The Retail Property at 5900 St Clair Ave, Cleveland, OH 44103 is currently available for sale. Contact Knipp Wolf Net Lease Group | Marcus & Millichap for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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KeyBank | 5900 St Clair Ave
(972) 755-5205 x

KeyBank | 5900 St Clair Ave

1/2

Vincent Knipp

(972) 755-5205

(972) 755-5205

Ryan Wolf

(970) 274-1689

(970) 274-1689

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