Net-Leased Retail
1350 W Bagley Rd Berea, OH 44017
For Sale
Contact for pricing
Retail outparcel with two net-leased tenants, including Southwest General Health Center and a barber saloon.
Property Size3,000 SF
Price / SF$231.67
Days on Market97
Property Features for 1350 W Bagley Rd
General Information
Standard status
Active
Size
3,000 SF
Property subtype
RETAIL
Listing Agency:
CBRE | Cleveland
(216) 363-6437
Listed By:
Dan Mayer · License #2022005838
(216) 363-6437
Source:
Moodyscre
Added: Apr 24
Changed: Jul 28
Last Checked: Jul 28 at 9:53PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE | Cleveland
Investment Insights
Based on property information with market context.
This retail outparcel features two tenants under net lease structures. The provided tenant roster includes Southwest General Health Center and LegoHeadz Barber Saloon, with base rent increases scheduled over the lease terms.
The property is described as being adjacent to Bagley Commons and near several nearby dining and service establishments, including Burger King, Taco Bell, Broad View Eye Center, and Rise & Grind Cafe.
As an investment offering, the asset is presented as having efficient management with both leases in place, each subject to base rent increases over the term.
The property is described as being adjacent to Bagley Commons and near several nearby dining and service establishments, including Burger King, Taco Bell, Broad View Eye Center, and Rise & Grind Cafe.
As an investment offering, the asset is presented as having efficient management with both leases in place, each subject to base rent increases over the term.
Key Highlights
- Retail outparcel with two net‑leased tenants
- Tenants include Southwest General Health Center and LegoHeadz Barber Saloon
- Both leases have base rent increases over the lease term
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $45.0k | $15.00 |
| − Vacancy | −$4.1k | −$1.35 |
| EGI | $41.0k | $13.65 |
| − OpEx | −$12.3k | −$4.10 |
| NOI | $28.7k | $9.56 |
3,000 SF · lease $15.00/SF/yr · vacancy 9.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$409.5K
$358.3K – $477.8K
NOI $28,665 @ 7.0% cap · market cap 4.12%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.40M
$2.10M – $2.80M
NOI $168,261 @ 7.0% cap · market cap 24.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Cutting Garden — 25561 Mill St, Olmsted Falls, OH 44138
- Little Shop of Holly's — 682 W Bagley Rd #1A, Berea, OH 44017
Frequently Asked Questions
What type of property is this?
Storefront property - Retail outparcel with two net-leased tenants, including Southwest General Health Center and a barber saloon.
Where is this storefront property located?
The property is located at 1350 W Bagley Rd Berea, OH.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Retail outparcel with two net‑leased tenants; Tenants include Southwest General Health Center and LegoHeadz Barber Saloon; Both leases have base rent increases over the lease term
