2901 Liberty Ave Vermilion, OH 44089
High-Yield Grocery/Pharmacy Complex
Property size:
25,000 SFProperty Features for 2901 Liberty Ave
General Information
- Property type
- Restaurants
- Square Feet
- 25,000 SF
Building Details
- Year Built
- 1995
- Buildings
- 1
- Stories
- 1
Listing Agency: Matthews Real Estate Investment Services El Segundo Listing Agent: Andrew Gross
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional retail investment property, located at 2901 Liberty Ave in Vermilion, Ohio, presents a compelling opportunity. The 25,000 square foot, single-story building, constructed in 1995, houses a grocery store, pharmacy, and quick-service restaurant, operating under a single, absolute NNN lease with 20 years remaining. The property boasts 100% occupancy and a strong net operating income (NOI) of $180,000, translating to an attractive 8.00% cap rate. The lease includes annual rent bumps of 1.50%, ensuring consistent growth and predictable cash flow. This core+ investment is strategically positioned adjacent to a new 700-home development, promising increased foot traffic and demand. The surrounding area exhibits high average household income ($92,484 within a 5-mile radius), indicating a robust and stable market. This is a rare opportunity to acquire a well-established, high-performing retail property with significant long-term potential. The property is situated in Lorain County, Ohio, zip code 44089.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Vermilion Farm Market
Grocery & Convenience Store
Location Insight
- Map
- Local Demand
- City
- Vermilion
- County
- Lorain
- State
- Ohio
- Longitude
- -82.3031992
- Latitude
- 41.424349
Nearby Similar for Sale
FAQs
What type of property is this?
Restaurant - High-Yield Grocery/Pharmacy Complex
Where is this restaurant located?
The property is located at 2901 Liberty Ave Vermilion, OH.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Long-Term Lease: Provides secure, stable investment.; Absolute NNN Lease: Passive income with no landlord responsibilities.; Annual Rent Increases: Predictable cash flow growth.
