- For Sale $1,759,000
- Property Type Retail - Freestanding
- Property Size 3,000 SF
- Lot Size 1.09 Acre
- Property Tenancy Single Tenant
- Year Built 2019
- Date Updated Jun 27, 2026
Description
Located in Painesville within Lake County, 11129 Gold Ct benefits from its position in one of the strongest and most established retail corridors in Northeast Ohio, approximately 30 miles northeast of Downtown Cleveland within the greater Cleveland, Ohio MSA. Lake County is widely regarded as one of the more affluent and stable counties in Northeast Ohio, supported by strong household incomes, dense suburban population centers, and a diverse economic base driven by healthcare, manufacturing, education, logistics, and professional services.
As part of the Cleveland metropolitan area, the property benefits from connectivity to one of the Midwest’s largest economic and population centers, anchored by major employers and institutions throughout Downtown Cleveland and the surrounding suburbs. The property is strategically positioned near Interstate 90 and State Route 44, providing excellent regional accessibility throughout Lake County and the broader Cleveland metropolitan area.
Painesville serves as the county seat of Lake County and is part of a densely populated suburban trade area that includes Mentor, Concord Township, Willoughby, and surrounding eastern Cleveland suburbs. The immediate corridor surrounding the property is heavily trafficked and retail-oriented, featuring a strong concentration of national retailers, restaurants, service users, and daily-needs tenancy that drive consistent consumer activity throughout the area. The site benefits from affluent suburban demographics, strong commuter patterns, and access to a broad consumer base throughout the eastern portion of the Cleveland MSA..
Highlights
- 10% Rental Increases Every 5 Years
- 2018 Build-To-Suit For Verizon
- 30 Miles To Downtown Cleveland
- Across The Street From University Hospitals TriPoint Medical Center | Home To 269 Staffed Beds and 850 Employees
- Double Net Lease With Minimal Landlord Responsibilities - Transferrable Roof Warranty Through November 2033
- Lease Guaranteed From The Third Largest Verizon Retailer With $2+ Billion In Annual Revenue | Strong Operator (Cellular Sales of Knoxville, INC) with Over 850 Locations Across 43 States
- Neighboring Retailers/Economic Drivers Include: Quail Hollow Country Club Home To Two Championship 18-Hole Courses, Chipotle, Starbucks, Lucky's Market, Huntington Bank, Taco Bell, McDonald's, and Many More
- Total Customer Spending Exceeded $850,000,000 In 2025 Within a 5-Mile Radius
- Traffic Counts Boast 27,000 VPD+ Along OH-44
- Upscale Demographics | Average Household Income Exceeds $160,000 in a 1-Mile Radius | Population Exceeds 62,000 Within 5-Miles
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Contacts
Nick Yaldo
Encore Real Estate Investment Services
Location
Contact Listing Broker
Nick Yaldo
Encore Real Estate Investment Services