US Bank
  • $1,811,364

Property Highlights

  • Corporate Guaranteed Lease: Backed by U.S. Bank, providing long-term security and credit-rated income.
  • Absolute Net Structure: Tenant responsible for all expenses; true passive, zero-landlord-responsibility investment.
  • Long-Term Stability: Tenant recently executed a 10 year extension of the lease with 10% rent increases every five years and market rent at options.
  • Attractive Income Stream: $99,625 annual NOI with predictable escalation and no near-term rollover risk.
  • Prime Retail Corridor Location: Positioned along Pearl Road (State Route 42), Strongsville’s dominant retail artery.
  • Surrounded by Major National Retailers: Near Costco, Target, Home Depot, T.J. Maxx, Heinen’s, Best Buy, Petco, and SouthPark Mall, driving strong consumer traffic.
  • Strong Demographics: $113,673 average household income within 1 mile and daytime population of 44,785 within 3 miles.
  • Well-Maintained Asset: 6,982 SF building on 0.65 acres, originally built 1965 and renovated in 2013 & 2025, minimizing capital needs.

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Details

  • Price $1,811,364
  • Year Built 1965/2013/2025
  • Property Type Single Tenant

Additional Details

  • Cap Rate 5.50%
  • APN 393-19-035
  • Lot Size 0.65 AC
  • Rentable Area 6,982 SF
  • Address: 14444 Pearl Rd
  • State/county: Ohio
  • Zip/Postal Code: 89084

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