125 Cleveland St Elyria, OH 44035

Listing agency Keller Williams Elevate A***@KW.com Show Phone

Listed by Antonio Biasiotta · License #OH 2015003682

Source Crexi

Added: Apr 11 Updated: Jul 22 at 6:56AM Checked: Jul 22 at 6:56AM

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Investment Insights

Based on property information with market context.

This triple-net specialty property is leased through 12/31/28. The lease provides for annual rent of $102,000 through 12/31/23, increasing to $112,200 for the last five years, with tenant options for two additional five-year terms at $123,420 and $135,762, expiring 12/31/38. The tenant’s obligations include insurance, taxes, parking lot and sidewalk maintenance, and exterior painting.

Capital improvements include a Sherwin Williams roof coat system applied two years ago with a 15-year warranty; the preventive measure was completed when there were no leaks. New HVAC systems were installed two years ago at an indicated cost of approximately $48,000, and material exposure related to the roof and HVAC has been addressed to the lessor.

Key Highlights

• Triple‑net lease through 12/31/28, with annual rent of $102,000 through 12/31/23 then $112,200 for the last 5 years
• Tenant options include 5 years at $123,420 and an additional 5‑year option expiring 12/31/38 at $135,762
• NNN includes insurance, taxes, parking lot and sidewalk maintenance, and exterior painting

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FAQs

What type of property is this?

NNN property - Triple-net lease in place through 12/31/28, with recent roof coating warranty and HVAC replacements completed two years ago.

Where is this nnn property located?

The property is located at 125 Cleveland St Elyria, OH.

What are key features of this property?

This property features: Triple‑net lease through 12/31/28, with annual rent of $102,000 through 12/31/23 then $112,200 for the last 5 years; Tenant options include 5 years at $123,420 and an additional 5‑year option expiring 12/31/38 at $135,762; NNN includes insurance, taxes, parking lot and sidewalk maintenance, and exterior painting