- For Sale $8,143,000
- Property Type Retail - Street Retail
- Property Size 25,684 SF
- Lot Size 2.73 Acre
- Date Updated Apr 17, 2024
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Attachments
Highlights
- 100% Occupied 25,684 sf NNN Retail Center
- A+ Real Estate Fundamentals Supporting Long Term Tenant Success
- Insulated location directly off of I-271 which sees 171,807 vehicles per day
- Irreplaceable real estate positioned on a heavily trafficked signalized intersection at exit 29 & Chagrin Blvd combining for 36,773 vehicles per day.
- Densely populated & highly affluent market with over 190k residents within 5-miles and $200k Household Income within 1-mile
- 1.7% submarket vacancy (general retail) and strength of real estate promotes long term Retailer demand for the subject location.
- Performing Tenant Mix with Strong Sales, Prompting Long Term Commitment
- This is Choolaah’s flagship store and by far their top performer out of 6 locations; Choolaah has been operating at the subject location since 2015 and signed a fresh 10 year extension in December 2023.
- LJI Collision is a highly successful single-unit Auto Repair & Restoration operator with strong, consistently growing sales. They have been operating at the subject location since 2010 and recently extended for 5 years in April 2023.
- Annual Rent Increases providing NOI Compound Annual Growth Rate of 2.38% over a 10 Year hold period
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Contacts
Location
Getting Around
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Walk Score ®
55/100
Somewhat Walkable
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Bike Score ®
41/100
Somewhat Bikeable
- City Beachwood, OH
- Neighborhood Orange
- Zip Code 44122
- Market Cleveland Akron
Points of Interest
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Green Road
1.97 miles
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Warrensville–Van Aken
2.67 miles
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Warrensville–Shaker
2.84 miles
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Lynnfield
3.10 miles
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Kenmore
3.49 miles
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Lee–Van Aken
4.09 miles
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Coventry
5.27 miles
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Shaker Square
5.64 miles
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East 116th–St. Luke’s
6.24 miles
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Cedar–University
6.68 miles
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Speedway
0.28 miles
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Shell
0.41 miles
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BP
0.59 miles
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BP
1.17 miles
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Sunoco
2.30 miles
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BP
2.52 miles
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Speedway
2.80 miles
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BP
3.09 miles
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StarLion Express
3.14 miles
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Shell
3.17 miles
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Pinecrest Parking Garage
0.64 miles
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Beachwood Place Parking Garage
2.43 miles
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La Place at Beachwood Place - Garage Parking
2.67 miles
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Belvior Lot
2.90 miles
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Pacelli Lot
2.96 miles
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Hyatt Place Parking Garage
3.01 miles
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JACK Thistledown Racino Parking Garage
3.01 miles
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Grasselli Lot
3.07 miles
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Notre Dame River
3.41 miles
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University Square Parking Garage
3.58 miles
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Bob Evans
0.25 miles
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Wasabi
0.30 miles
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Chipotle
0.31 miles
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Texas de Brazil
0.34 miles
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Hyde Park
0.37 miles
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P.F. Chang's
0.42 miles
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Mitchell's Fish Market
0.44 miles
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City Works
0.49 miles
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Winking Lizard Tavern
0.51 miles
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B Spot
0.53 miles
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Trader Joe's
0.39 miles
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Whole Foods Market
0.84 miles
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Giant Eagle
1.03 miles
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Big Lots
1.08 miles
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Marshalls
1.20 miles
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Heinen's
1.37 miles
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Nordstrom
2.48 miles
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Dillard's
2.50 miles
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Beachwood Place
2.53 miles
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Saks Fifth Avenue
2.60 miles
Frequently Asked Questions
What is the lease rate for Choolaah & LJI Collision?
Rental asking rate at Choolaah & LJI Collision is $4,071,500.00/YR.
What is the total square footage of Choolaah & LJI Collision?
Choolaah & LJI Collision totals 25,684 square feet.
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