22019 Emery RdWarrensville Heights, OH 44128

For Sale
$695,000

High-Cap Rate, Two-Tenant Property

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional investment opportunity presents two freestanding buildings totaling 6,350 square feet on a 0.992-acre lot in Warrensville Heights, Ohio. The property is a fee-simple ownership, featuring a net lease structure with 100% occupancy and a strong 8.5% cap rate, generating a net operating income (NOI) of $59,010. The tenants are Georgio's Oven Fresh Pizza and Starr Automotive, a long-term tenant since 1995. Georgio's, a regional chain with over 40 locations, occupies one building, while Starr Automotive occupies the other. The buildings offer valuable restaurant and automotive build-outs. Landlord responsibilities are minimal, primarily limited to landscaping and snow removal for the automotive tenant. This prime location boasts proximity to major employers, including a large Amazon fulfillment center, and numerous national retailers such as Aldi, Wendy's, and CVS, ensuring high visibility and strong tenant demand. The asking price is $695,000, translating to $109.45 per square foot. This property offers a compelling combination of strong cash flow, long-term tenants, and a strategic location near significant commercial activity. The investment sub-type is two freestanding buildings.

Highlights

  • Two-tenant freestanding building occupied by a quick-service restaurant and an automotive business.
  • 8.5% projected first-year capitalization rate.
  • Low-maintenance, freestanding buildings with minimal landlord responsibilities.
  • Strategic location near a 900,000 SF Amazon fulfillment center.
  • Georgio's Pizza, with over 40 regional locations, is a tenant.
  • Starr Automotive has been a tenant since 1995.

Property Details for 22019 Emery Rd

Property type
Other retail properties, Restaurants
Square Feet
6,350 SF
Buildings
2
Lot Size (sq. ft)
43,212 SF
Units
2

Location Insight

City
Warrensville Heights
County
Cuyahoga
State
Ohio
Latitude
41.4355906
Longitude
-81.5235938
22019 Emery Rd, Warrensville Heights, Ohio

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22019 Emery Rd
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