Property summary
This exceptional investment opportunity presents a brand-new, 12,100-square-foot Caliber Collision center in Mentor, Ohio. Built in 2025, the property sits on a 1.89-acre lot and boasts a 15.4-year absolute net lease with a corporate guarantee from Caliber Collision, the nation's largest collision repair provider. The lease features a 10% rent increase every five years, ensuring consistent income growth. The property offers a 6.60% cap rate with a net operating income (NOI) of $333,192 and an asking price of $5,048,364. Strategically located at 7515 Tyler Blvd, Mentor, OH 44060, this Class A retail property enjoys high visibility and accessibility, situated along a major retail and traffic corridor with easy access to State Route 2 (74,000+ vehicles per day). Its proximity to Great Lakes Mall, a large shopping center with numerous retail stores and restaurants, and numerous auto dealerships further enhances its value. The area boasts a high average household income (over $88,000 within a 1-mile radius) and a significant population (over 106,000 within a 5-mile radius). This property offers significant tax benefits through accelerated depreciation and cost segregation. The long-term lease, strong tenant, and prime location make this an attractive investment opportunity with substantial potential for return.
Property profile
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The purpose of the M- 1 District shall be to provide locations for activities generally understood to be manufacturing activities in a manner conducive to the creation of new job opportunities, minimization of impacts on…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
M-1 · Mentor, OHThe purpose of the M- 1 District shall be to provide locations for activities generally understood to be manufacturing activities in a manner conducive to the creation of new job opportunities, minimization of impacts on…
Zoning
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Zoning designation
Official district profile
The purpose of the M- 1 District shall be to provide locations for activities generally understood to be manufacturing activities in a manner conducive to the creation of new job opportunities, minimization of impacts on…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for M-1 in Mentor, OH.
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