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Auto Service - Gas-Conv

Valero Gas Station & C-Store (Cleveland, OH MSA)

7213 W Pleasant Valley Rd, Parma, OH 44129

Listing Price: $900,000

Cap Rate
8.00%
Tenant Name
Valero
Years Remaining On Lease
15.0
Gross SF
2,498
Guarantor
Corporate Guarantee
Rentable SF
2,498
Price/Gross SF
$360.29
Lease Type
Absolute Net
Rent Per Square Feet
$28.82

Investment Overview

Marcus and Millichap is pleased to present the opportunity to acquire an absolute net lease in Parma, Ohio. The property consists of 2,498-square-foot freestanding building that sits on approximately 0.35 acres of land. There are approximately 15.1 years remaining on the current lease term with 2% rental increases annually.

Investment Highlights

  • New 15-Year Absolute Net Lease with Two Percent Annual Rental Escalations
  • Signalized Hard Corner Location
  • More than 217,254 Residents Within a Five-Mile Radius
  • Cleveland, OH MSA Location - the Metro has More than 2.1 Million Residents

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (614) 360-9800

    License(s) OH: BRK.2007005898

    Ohio

Financing By

Auto Service - Gas-Conv

Valero Gas Station & C-Store (Cleveland, OH MSA)

Listing Price: $900,000

Cap Rate
8.00%
Tenant Name
Valero
Years Remaining On Lease
15.0
Gross SF
2,498
Guarantor
Corporate Guarantee
Rentable SF
2,498
Price/Gross SF
$360.29
Lease Type
Absolute Net
Rent Per Square Feet
$28.82

Investment Highlights

  • New 15-Year Absolute Net Lease with Two Percent Annual Rental Escalations
  • Signalized Hard Corner Location
  • More than 217,254 Residents Within a Five-Mile Radius
  • Cleveland, OH MSA Location - the Metro has More than 2.1 Million Residents

Investment Overview

Marcus and Millichap is pleased to present the opportunity to acquire an absolute net lease in Parma, Ohio. The property consists of 2,498-square-foot freestanding building that sits on approximately 0.35 acres of land. There are approximately 15.1 years remaining on the current lease term with 2% rental increases annually.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (614) 360-9800

    License(s): OH: BRK.2007005898

    Ohio

Financing By

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