7515 Tyler Blvd Mentor, OH 44060-5403

Property Details for 7515 Tyler Blvd

Lot size

1.96 lot acres

Zone code

M-1

Property type

Industrial land

APN

16-B-031-D-01-023-0

APU

16B031D010230

Description

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.

Location Insight

City

Mentor

County

Lake

State

Ohio

Longitude

-81.3724

Latitude

41.662

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments