DON'T MISS THIS COMMERCIAL TRIPLE NET (NNN) ALL BRICK 2 STORY INVESTMENT!!
This 2-story commercial property sits on one of Cleveland's highest traffic streets. Great visibility!
This property boasts about $53,000 Gross Annual w/ 10.8% CAP. 2 suites w/ ~10,800 + sq feet retail/office and 3500+ sq feet open storage space in basement accessed by main floor unit and includes 6 off street parking spaces up front. This fully occupied turnkey investment is triple Net tenancy with $4,400 Mo/ $49,200 Annual Income.
This low - to no maintenance asset is prime to add value and cash flow w/ no management and/or low maintenance to your portfolio.
1st Floor - Occupants: Main Floor - established Tabacco and Vape Retailer - 5-year lease (has been in business for 10 + years and uses the space for warehousing only.
2nd Floor occupant - A well established and growing commercial photography / digital imaging company. (Lease has 2 years left)
- Property Taxes - $3,743
- Insurance - $1,734
Annually Each occupant has the balance of their lease with 5 and 2-year options respectively.
No Delinquencies or back rents.
Tenants pay for all utilities and maintenance. Deposits in escrow for all units.
Property Information
Address2221 Brookpark Road
CityParma
StateOH
Zip Code44134
Price$439,000
Property TypeCommercial Sale
Listing TypeRetail
Location
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