Cleveland Gas Station

3350 E 116th St, Cleveland, OH
Deal Type:
Net Lease
Cap Rate:
Current Rent:
Lease Type:
Triple Net
Landlord Responsibilities:
Renewal Options:
2, Five years
Building Sq. Ft.:
1,509 SF
Rent Increases:
2% Annually
Site Size:
0.38 Acres

Investment Highlights

  • COMMITMENT: Rare 25 year absolute NNN lease structure with 2% annual rental increases to provide a hedge against inflation.
  • DEMOGRAPHICS: Densely populated area with approximately 315,000 people living with a 5 mile radius.
  • LOCATION: Situated nearby to other national tenants such as Aldi, AutoZone Auto Parts, Mcdonald’s, and Family Dollar.
  • DEPRECIATION: Asset qualifies for accelerated depreciation.
  • STRONG CREDIT TENANT: Strong lease guarantee, a $59 Billion Dollar Revenue Company.

Listing Agents

Connor Shell

Managing Director
407 913 9009
[email protected]

Jordan Shtulman

Managing Principal
847 226 4133
[email protected]

In Association with Scott Reid & ParaSell, Inc. | A Licensed Ohio Broker #REC.2020005946

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