Goodman Distribution | Corp NNN w/ Annual Inc | 9755 Corporate Cir
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Goodman Distribution | Corp NNN w/ Annual Inc 9755 Corporate Cir
45,423 SF Industrial Building Valley View, OH 44125 $7,531,000 ($166/SF) 7% Cap Rate
Investment Highlights
- Approximately 6 Years Remaining | Corporate Guaranteed | 2% Annual Rental Increases
- Interstate 480 (169,600 VPD) | Garfield Commons (317,000 SF) |Southgate USA (816,000 SF) | Primary Retail Corridor
- NNN Leased | Fee Simple Ownership | Minimal Landlord Responsibilities
- Strong Demographics in 5-Mile Trade Area
Executive Summary
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, corporate guaranteed, freestanding, Goodman Distribution investment property located in Valley View, Ohio (Cleveland MSA). The tenant, Goodman Distribution, Inc has over 6 years remaining on their initial lease with 2 (7-year) options to extend, demonstrating their commitment to the site. The lease features annual 2% rental increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation. The lease is NNN with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor.
OH BOR
SARAH SHANKS
Vice President | Broker of Record SRS National Net Lease
sarah.shanks@srsre.com
D: 502.442.7079 | M: 502.417.6773 9078 Union Centre Blvd, Suite 350 West Chester, OH 45069
BRKP.2023006361 | REC.2024000384
OH BOR
SARAH SHANKS
Vice President | Broker of Record SRS National Net Lease
sarah.shanks@srsre.com
D: 502.442.7079 | M: 502.417.6773 9078 Union Centre Blvd, Suite 350 West Chester, OH 45069
BRKP.2023006361 | REC.2024000384
Property Facts
| Price | $7,531,000 | Lot Size | 4.31 AC |
| Price Per SF | $166 | Rentable Building Area | 45,423 SF |
| Sale Type | Investment NNN | No. Stories | 1 |
| Cap Rate | 7% | Year Built | 2020 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Manufacturing | Parking Ratio | 1.03/1,000 SF |
| Price | $7,531,000 |
| Price Per SF | $166 |
| Sale Type | Investment NNN |
| Cap Rate | 7% |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Lot Size | 4.31 AC |
| Rentable Building Area | 45,423 SF |
| No. Stories | 1 |
| Year Built | 2020 |
| Tenancy | Single |
| Parking Ratio | 1.03/1,000 SF |
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Goodman
- Manufacturing
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99,999 SF
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Lorem Ipsum
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Jan 0000
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Goodman | Manufacturing | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
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PROPERTY TAXES
| Parcel Number | 571-22-025 | Improvements Assessment | $752,850 |
| Land Assessment | $188,720 | Total Assessment | $941,570 |
PROPERTY TAXES
Parcel Number
571-22-025
Land Assessment
$188,720
Improvements Assessment
$752,850
Total Assessment
$941,570
zoning
| Zoning Code | Industrial District |
| Industrial District |
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Goodman Distribution | Corp NNN w/ Annual Inc | 9755 Corporate Cir
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