Shopping Neighborhood
Nagel Crossing
1443 Nagel Rd, Avon, OH 44011
Listing Price: $10,400,000
Cap Rate
6.50%
Gross SF
16,563
Rentable SF
16,563
Price/Gross SF
$627.91
Lot Size
2.72 acres
Year Built
2024
Investment Overview
Marcus & Millichap is pleased to present for sale, Nagel Crossing, located in Avon, Ohio.
Nagel Crossing
Investment Highlights
- Newly Constructed 2024 Multi-Building Retail Development in Affluent Cleveland Market
- Free Standing Single Tenant Net Lease Starbucks with Drive Thru – 10 Year Lease
- WALT - 7.6 Years - Limited Near-Term Rollover
- Predominantly Triple-Net Lease Structure with Reimbursement for Administrative Fees
- Shadow-Anchored by Major Retail Corridor - Avon Commons - 7.8 Million Annual Visits
- Surrounded by National Retailers - Costco, Target, Walmart, Lowe's, Meijer, Dick's, Cabela's, etc.
- Adjacent to Cleveland Clinic Avon Campus - Major Employment Driver - $340 Million Planned Expansion
Listing Price: $10,400,000
Cap Rate
6.50%
Gross SF
16,563
Rentable SF
16,563
Price/Gross SF
$627.91
Lot Size
2.72 acres
Year Built
2024
Investment Highlights
- Newly Constructed 2024 Multi-Building Retail Development in Affluent Cleveland Market
- Free Standing Single Tenant Net Lease Starbucks with Drive Thru – 10 Year Lease
- WALT - 7.6 Years - Limited Near-Term Rollover
- Predominantly Triple-Net Lease Structure with Reimbursement for Administrative Fees
- Shadow-Anchored by Major Retail Corridor - Avon Commons - 7.8 Million Annual Visits
- Surrounded by National Retailers - Costco, Target, Walmart, Lowe's, Meijer, Dick's, Cabela's, etc.
- Adjacent to Cleveland Clinic Avon Campus - Major Employment Driver - $340 Million Planned Expansion
Investment Overview
Marcus & Millichap is pleased to present for sale, Nagel Crossing, located in Avon, Ohio.
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