Mentor Investment Property For
6970 Heisley Road, Mentor, OH 44060
Freestanding 6,000 SF building with long-term daycare tenant.
Type:SCR-COM
Property size:
6,000 SFPrice / SF:
$150/SF- Added:
- Sep 5, 2024
- Days on Market:
- 632
- Last Refresh:
- Apr 3 at 5:00 am
Property Features for 6970 Heisley Road
General Information
- Standard status
- Active
- Size
- 6,000 SF
- Property subtype
- SCR-COM
Building Details
- Year Built
- 2001
Listing agent Rick Osborne Jr. License #2010001710 (440) 299-5190
Listing office The Osborne Group - KW Commercial (440) 299-5190
Listing date Sep 5, 2024
Source Realnex
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 The Osborne Group - KW Commercial
HighLights
- High 8% Cap Rate: Provides a strong return on investment.
- Long‑Term Triple‑Net Lease: Secure and passive income stream with a new 5‑year lease.
- Established Daycare Operation: Stable tenant history with over 24 years of operation.
- Meticulously Maintained 6,000 SF Building: Well‑maintained property minimizes potential maintenance costs.
- Prime Location in Thriving Mentor Area: Situated in a desirable commercial area with high visibility and access.
- Flexible B2 Zoning: Offers potential for various retail or professional uses.
Overview
This investment property features a meticulously maintained 6,000 square foot free-standing building constructed in 2001. The property is situated in the thriving Mentor area and is zoned B2, offering maximum flexibility. The property benefits from exceptional visibility and access, making it suitable for retail or professional use. A new roof has been installed. The property is currently operating as a daycare with a long-standing operation of over 24 years. A new daycare operator is in place with a 5-year triple-net lease. The building only is for sale; the business is not for sale. A month-to-month tenant is currently leasing the property. The cap rate is 8%.
Property Profile
Location Intelligence
Current Use by Public Records
Day care centers
Similar Places Nearby
- Garfield Preschool — 7090 Hopkins Rd, Mentor, OH 44060
- Mentor South KinderCare — 7061 Wayside Dr, Mentor, OH 44060
- Dedicated To Children Early Learning Center — 6970 Heisley Rd, Mentor, OH 44060
- Ridge Pointe Child Care Center — 9650 Old Johnnycake Ridge Rd, Mentor, OH 44060
Location Insight
- Map
- Local Demand
- City
- Mentor
- County
- Lake
- State
- Ohio
- Longitude
- -81.3053832
- Latitude
- 41.6806033
Nearby Similar for Sale
FAQs
What type of property is this?
Day care center - Freestanding 6,000 SF building with long-term daycare tenant.
Where is this day care center located?
The property is located at 6970 Heisley Road Mentor, OH.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: High 8% Cap Rate: Provides a strong return on investment.; Long‑Term Triple‑Net Lease: Secure and passive income stream with a new 5‑year lease.; Established Daycare Operation: Stable tenant history with over 24 years of operation.
