Entity Owned Property summary
This exceptional investment opportunity presents a fee-simple ownership of a Class A, 2,500 square foot car wash in Cleveland Heights, Ohio. The property, located at 2900 Mayfield Rd, sits on a 0.8-acre lot and boasts a newly executed 20-year absolute triple-net (NNN) lease with Whistle Express Car Wash, a 150+ unit operator. The lease commenced April 11, 2024, and expires April 30, 2044, offering a remaining term of 19.5 years. The lease includes annual rent bumps of 2%, ensuring consistent… income growth. The current Net Operating Income (NOI) is $188,770, resulting in a 6.50% capitalization rate. The property is 100% occupied and benefits from a corporate guarantee. The building, constructed in 2010, is a single-story structure. This offering presents a compelling long-term passive investment opportunity with significant upside potential due to the strong tenant, favorable lease terms, and prime location within a densely populated and affluent Cleveland Heights submarket. The property is also eligible for 15-Year Accelerated Depreciation and Bonus Depreciation, offering further tax advantages. The lease includes four 5-year renewal options. This sale is structured as a sale/leaseback and is suitable for a 1031 exchange. The asking price is $2,904,154.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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Official district profile
The C-3 Commercial District is established to provide for higher intensity commercial uses (including automotive uses) along certain major streets where the level of traffic volume warrants such uses and to provide locat…
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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