Property Description

DON'T MISS THIS COMMERCIAL TRIPLE NET (NNN) ALL BRICK 2 STORY INVESTMENT!! This 2-story commercial property sits on one of Cleveland's highest traffic streets. Great visibility! Fully occupied. This investment offers Rental Income of about $53,000 Gross Annual w/ 10.8% CAP. Parking: upfront and includes 6 off street parking spaces. Leases are both NNN - No maintenance w/ As Is Occupancy and all maintenance and repairs deferred to occupants in leases. - Main / Basement floors: Occupied by established regional retail tobacco / vape. Certificate of Occupancy in process and awaiting finalization from City of Parma. Occupant has been in in place 5+ months while submitting Cet of Occupancy to city and is / has been current. % year NNN lease in place. - 2nd floor: Occupied by established 7 + year Local / Regional Digital / Photo / Video and Design Studios. 2nd floor tenant has been in place three years and is NNN and is / has been current since occupancy. 2 Years remain on lease w/ 2) 3-year options INC / EXP: - Property Taxes - $3,743 - Insurance - $1,734 * Annually Each occupant has the balance of their lease with 5 and 2-year options respectively. * No Delinquencies or back rents. * Tenants pay for all utilities and maintenance. * Deposits in escrow for all units. Contact your agent today for more info.

Property Features

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