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Shopping Neighborhood

Shoppes on Bagley

19137 Bagley Rd, Middleburg Heights, OH 44130

Listing Price: $2,574,000

Cap Rate
6.50%
Gross SF
10,054
Rentable SF
10,054
Price/Gross SF
$256.02
Lot Size
1.09 acres
Year Built
2019

Investment Overview

Marcus & Millichap is pleased to bring to market Shoppes on Bagley in Middleburg Heights, Ohio (Cleveland MSA).

Investment Highlights

  • New Construction, 10,054-Square-Foot Six-Tenant Triple-Net Retail Strip in Middleburg Heights, Ohio (Cleveland MSA)
  • Weighted Average Lease Term Remaining of Nine Years – All Tenants have 10-Year Leases
  • All Tenants have Five-10 Percent Rent Increases in Year Six of Leases – Grows Net Operating Income and Provides Strong Inflation Hedge
  • All Triple-Net Leases with 100 Percent Recovery of Tax, Insurance, and Common Area Maintenance, as well as 10-15 Percent Administrative Fees
  • High-Image, Class "A" Construction with Enhanced Architecture, Masonry/Stone on All Four Sides
  • Adjacent to 352-Bed Southwest General Hospital Campus – Level III Trauma Center with Recent $124-Million Expansion, 431,000 Annual Patient Visits and 3,300 Employees On-Site
  • Strong Traffic Counts and Visibility: Over 250 Feet of Frontage along Bagley Road with 25,550 Cars per Day; 0.7-Mile from I-71 with 115,550 Cars per Day
  • High Daytime Employment in the Immediate Area with the Hospital and MOBs, Hotels, University, and Offices/Industrial Businesses – Ideal for Restaurant Tenancy

Exclusively Listed By

Financing By

Shopping Neighborhood

Shoppes on Bagley

Listing Price: $2,574,000

Cap Rate
6.50%
Gross SF
10,054
Rentable SF
10,054
Price/Gross SF
$256.02
Lot Size
1.09 acres
Year Built
2019

Investment Highlights

  • New Construction, 10,054-Square-Foot Six-Tenant Triple-Net Retail Strip in Middleburg Heights, Ohio (Cleveland MSA)
  • Weighted Average Lease Term Remaining of Nine Years – All Tenants have 10-Year Leases
  • All Tenants have Five-10 Percent Rent Increases in Year Six of Leases – Grows Net Operating Income and Provides Strong Inflation Hedge
  • All Triple-Net Leases with 100 Percent Recovery of Tax, Insurance, and Common Area Maintenance, as well as 10-15 Percent Administrative Fees
  • High-Image, Class "A" Construction with Enhanced Architecture, Masonry/Stone on All Four Sides
  • Adjacent to 352-Bed Southwest General Hospital Campus – Level III Trauma Center with Recent $124-Million Expansion, 431,000 Annual Patient Visits and 3,300 Employees On-Site
  • Strong Traffic Counts and Visibility: Over 250 Feet of Frontage along Bagley Road with 25,550 Cars per Day; 0.7-Mile from I-71 with 115,550 Cars per Day
  • High Daytime Employment in the Immediate Area with the Hospital and MOBs, Hotels, University, and Offices/Industrial Businesses – Ideal for Restaurant Tenancy

Investment Overview

Marcus & Millichap is pleased to bring to market Shoppes on Bagley in Middleburg Heights, Ohio (Cleveland MSA).

Exclusively Listed By

Financing By

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