Property summary
This exceptional investment opportunity presents two freestanding buildings totaling 6,350 square feet on a 0.992-acre lot in Warrensville Heights, Ohio. The property is a fee-simple ownership, featuring a net lease structure with 100% occupancy and a strong 8.5% cap rate, generating a net operating income (NOI) of $59,010. The tenants are Georgio's Oven Fresh Pizza and Starr Automotive, a long-term tenant since 1995. Georgio's, a regional chain with over 40 locations, occupies one building, while Starr Automotive occupies the other. The buildings offer valuable restaurant and automotive build-outs. Landlord responsibilities are minimal, primarily limited to landscaping and snow removal for the automotive tenant. This prime location boasts proximity to major employers, including a large Amazon fulfillment center, and numerous national retailers such as Aldi, Wendy's, and CVS, ensuring high visibility and strong tenant demand. The asking price is $695,000, translating to $109.45 per square foot. This property offers a compelling combination of strong cash flow, long-term tenants, and a strategic location near significant commercial activity. The investment sub-type is two freestanding buildings.
Property profile
VerifiedCap rate & NOI
Current use
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Restaurant
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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