5995 Rdg Rd Madison, OH 44057-2439

This exceptional 3,000-square-foot retail storefront, located at 5995 N Ridge Rd in Madison, Ohio (Lake County, zip code 44057), presents a compelling investment opportunity. Built in 2020, this property boasts a prime location on US Route 20, a Walmart outparcel, and benefits from excellent visibility and high traffic volume (approximately 15,300 vehicles per day). The property is currently leased to Verizon, a nationally recognized brand, under a Net Net (NN) lease agreement commencing December 19, 2020. The lease includes rent bumps of 10% every five years and offers two five-year lease options. The asking price is $1,875,000, representing a price per square foot of $625 and a strong 7.86% capitalization rate based on a Net Operating Income (NOI) of $147,389. The 0.57-acre lot provides ample space. This investment is further strengthened by the notable guarantor and the tenant's status as the largest Verizon retailer. The property's recent construction and strategic location within the Cleveland MSA make it an attractive and stable investment.