Mission Critical Sale Leaseback

7300 Pearl Rd, Middleburg Heights, OH
Deal Type:
Sale Leaseback
Price:
$2,950,000
Cap Rate:
8.25%
Current Rent:
$243,375
Lease Type:
Triple Net
Renewal Options:
4, 5-Year Options
Building Sq. Ft.:
20,000 SF
Rent Increases:
2.0% Annually
Site Size:
2.20 Acres

Investment Highlights

  • Tenant is open and operating for business
  • Long term (15-year) absolute triple net lease with 2.0% annual escalations
  • Located in Cleveland MSA with strong local demographics as the average household income is $90,000 within 3 miles
  • Mission critical facility representing the company’s only location which accounted for over 85% of the Company‚Äôs profitability historically
  • Strong regional presence as the facility has a wide selection of products and services such as sewing machines, fabrics, threads, service repairs, classes and seminars, etc. that attract their customers from all over northeastern Ohio
  • Operationally focused private equity sponsor with an extensive and highly successful track record of investing in northeastern Ohio run businesses

Listing Agents

phil digennaro stream capital partners

Phil DiGennaro

Managing Director
203 610 1541
[email protected]

Krupa Shah

Managing Director
646 734 4188
[email protected]

Bang Realty, Broker of Record, Brian Brockman | Lic: OHIO – BRK.2009000214

X

Due Diligence

https://www.stream-cp.com/wp-content/themes/StreamTheme2020View/Download Due Diligence in Dropbox

Please enter the password to access due diligence.

Request Due Diligence Access

Please fill out and submit the form below to request access to due diligence for this property. If you agree with the terms of the NDA, please check the "Approve NDA" box and submit. By submitting this form, you agree to the Terms and Conditions of the Confidentiality Agreement.

If you would like to modify the NDA, please download the Word version, make your changes, and attach the revised version to the form or email it to [email protected].

Once we receive your NDA, we will contact you with login information.

View/Download NDA in Word format

    If you have made changes to the Word version of the NDA, please attach it here

    This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.






    View All Listings