26614 Lorain Rd North Olmsted, OH 44070
This exceptional 12,323 square foot retail shopping center in North Olmsted, Ohio, presents a compelling investment opportunity. The property, built in 1968 and renovated in 2023, sits on a 1.293-acre lot and features a single, one-story building with five tenants: AT&T, Malley's Chocolates, Buckeye Clips, and First Federal Savings & Loan Association of Lakewood, and CLE Care. The property boasts a strong pro-forma NOI of $301,705, reflecting the stability and profitability of this fully leased, triple-net (NNN) investment. The NNN lease structure minimizes operational costs for the owner, with tenants responsible for property taxes, insurance, and maintenance. The diverse tenant mix across various sectors mitigates risk and ensures consistent revenue streams. The staggered lease expirations further reduce vacancy risk and provide a predictable cash flow. Located at 26614 Lorain Rd, North Olmsted, OH 44070, this property benefits from high visibility and convenient access, ensuring long-term value appreciation. The permitted zoning is retail, making it ideally suited for its current use and potential future expansion. This turnkey investment offers immediate and reliable income, making it an attractive addition to any portfolio. The property's prime location and strong tenant base guarantee a secure and profitable investment.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.