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Valero

3350 East 116th Street, Cleveland, Ohio, USA
$1,292,308 6.50% Cap 1,509 sq ft Representative Photo Print This Page

Location

3350 East 116th Street, Cleveland, Ohio, USA

Price: $1,292,308
Cap Rate: 6.50%
Net Operating Income: $84,000
Square Footage: 1,509
Lot Size: 0.38 AC

100% Fee Simple InterestAbsolute NNN LeaseAnnual IncreasesStrong and Experienced OperatorZero Landlord Obligations

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.

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    presented by

    Jeff Gates Director View profile
    Will Howard Investment Sales View profile

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