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914 Cleveland St Elyria, OH 44035

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For Sale
$1,697,000

Retail property with absolute NNN lease and attractive rental increases.

Property size:
6,600 SF
Lot size:
1.04 Acres

Property Features for 914 Cleveland St

General Information

Size
6,600 SF
Lot size
1.04 Acres

Source: Matthews Real Estate Investment Services | Fort Lauderdale Agent Alexander Machado

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Elyria Retail Investment Opportunity

This retail property, situated on a +1.02-acre parcel, presents a high-yielding investment opportunity with a Year-1 in-place cap rate of 9.00%. The absolute NNN lease structure requires zero landlord responsibilities, making it suitable for passive investors. The lease includes 3.00% annual rent escalations, providing a hedge against inflation and long-term income growth. Approximately 50+ parking spaces are available, offering convenient access for customers and supporting the tenant’s ability to accommodate a high volume of traffic. The property offers strong long-term real estate value and future redevelopment potential. The building has a property size of 6,600 square feet.
Insight Report Location Intelligence

Current Use by Public Records

Our Lady Of The Wayside ... Non-Profit Organization Nirvana Center - Elyria ... Cannabis Store

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Elyria
County
Lorain
State
Ohio
Longitude
-82.070214
Latitude
41.379992

FAQs

What type of property is this?
Retail space - Retail property with absolute NNN lease and attractive rental increases.
Where is this retail space located?
The property is located at 914 Cleveland St Elyria, OH.
What is the asking price?
The asking price for this property is $1,697,000.
What are key features of this property?
This property features: - High-Yielding Investment: Enjoy a 9.00% Year-1 in-place cap rate.; - Absolute NNN Lease: Experience zero landlord responsibilities for truly passive income.; - Attractive Rental Increase: Benefit from 3.00% annual rent escalations.
More about this property
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