Cap Rate: 6.50%
Net Operating Income: $84,000
Square Footage: 1,509
Lot Size: 0.38 AC
This is an absolute net leased C-Store offering in Cleveland, OH. This Valero branded station has a new 20 year absolute NNN lease and calls for 1.75% annual increases in rent. The lease is corporately guaranteed by a leading 462-unit operator.
In Cooperation with Local Ohio Broker:
Joe Belinske of Reichle/Kleing Group - Ohio License #320016
Cleveland, officially the City of Cleveland, is a major city in the U.S. state of Ohio, and the county seat of Cuyahoga County. It is located along the southern shore of Lake Erie, across the U.S. maritime border with Canada and approximately 60 miles (100 kilometers) west of the Ohio-Pennsylvania state border.