381 Cline Avenue Mansfield, OH 44907

Listing agency Hanna Commercial Real Estate

Listed by Cole Griesinger · License #OH SAL.2018002514

Source Crexi

Added: Apr 11 Updated: Jul 22 at 11:15AM Checked: Jul 22 at 11:15AM

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Investment Insights

Based on property information with market context.

This leased specialty NNN property is currently occupied under a lease through December 31, 2025, with two additional two-year options. Base rent is $2,750 per month plus $733.59 per month for taxes and insurance. The lease originated January 1, 2021 through December 31, 2025, and includes 2% annual increases beginning in year 3. Net operating income is reported as $33,000, offering a stated 9.4 cap rate. The parking lot is planned to be resurfaced before the sale of this location.

The current tenant is Gentle Foot Care, LLC.

This property may also be available as part of a package offering with another specified location.

Key Highlights

• Specialty NNN property currently leased through 12/31/2025 with two 2‑year options
• Tenant: Gentle Foot Care, LLC (lease originated 01/01/2021–12/31/2025)
• Current base rent of $2,750/month plus $733.59/month for taxes and insurance

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FAQs

What type of property is this?

1031 exchange property - Specialty NNN property leased through end of 2025 with renewal options and scheduled parking lot resurfacing.

Where is this 1031 exchange property located?

The property is located at 381 Cline Avenue Mansfield, OH.

What are key features of this property?

This property features: Specialty NNN property currently leased through 12/31/2025 with two 2‑year options; Tenant: Gentle Foot Care, LLC (lease originated 01/01/2021–12/31/2025); Current base rent of $2,750/month plus $733.59/month for taxes and insurance