27100 Chagrin Blvd Orange, OH 44122

This exceptional investment opportunity presents a 25,684 square foot, multi-tenant retail center located at 27100 Chagrin Blvd, Beachwood, OH 44122. The property, built in 1979 and renovated in 2015, sits on a 2.73-acre lot and boasts a 100% occupancy rate with two strong tenants: Choolaah BBQ and LJI Collision Center. Both tenants have made significant investments in their respective spaces ($1.2M and $1.5M respectively) and benefit from a high-traffic location directly off I-271 at the signalized intersection of Chagrin Blvd and Exit 29, experiencing 36,773 vehicles daily. The property features an absolute NNN lease structure with annual rent bumps of 3.2%, providing a stable and predictable income stream. The current lease terms extend for a minimum of six years, offering long-term security for investors. The property's strong financial performance is reflected in its $8,143,000 asking price, $317.05 price per square foot, and a 7.00% cap rate, with a net operating income (NOI) of $569,949. The average household income within a one-mile radius is $197,000, and the submarket vacancy rate for general retail is only 1.7%, indicating a robust and desirable market. Choolaah, operating since 2015, has a 10-year lease extension starting December 1, 2023, while LJI Collision, operating since 2010, has a 5-year lease extension starting April 1, 2023. This property offers a compelling combination of strong tenants, a prime location, and a secure lease structure, making it an attractive investment opportunity.