9755 Corporate CirValley View, OH 44125

For Sale
$7,531,000

Valley View, OH: NNN Leased Manufacturing Facility

Overview

Added:
Dec 11, 2024
Days on market:
92
This fee-simple industrial property in Valley View, Ohio, offers a compelling investment opportunity. The 45,423-square-foot manufacturing facility is 100% occupied under a triple-net (NNN) lease with Goodman Distribution, Inc., providing a stable income stream. The lease, commencing April 1, 2021, and expiring November 30, 2030, has approximately six years remaining with two seven-year renewal options. Annual rent increases of 2.5% are built into the lease, providing inflation protection and growing net operating income (NOI). The property boasts a 7.00% cap rate and a NOI of $527,170, with an asking price of $7,531,000 ($165.80/sq ft). Situated on a 4.31-acre lot in Cuyahoga County (zip code 44125), the property features 47 parking spaces and is zoned for industrial use. Its prime location near Interstate 480 (169,600 vehicles per day) and major retail centers like Garfield Commons (317,000 sq ft) and Southgate USA (816,000 sq ft) ensures high visibility and accessibility. The strong demographics of the area, with over 193,000 people within a five-mile radius and an average household income of $70,710, further enhance the investment potential. Built in 2020, this low-management investment offers minimal landlord responsibilities, making it an attractive option for passive investors seeking a secure and appreciating asset. The property's address is 9755 Corporate Cir, Valley View, OH 44125. The property's APN is 571-22-025.

Highlights

  • Approximately 7 years remaining on a corporate-guaranteed lease with 2.5% annual rent increases.
  • NNN lease; fee simple ownership; minimal landlord responsibilities.
  • Excellent location near I-480 (169,600 VPD), Garfield Commons (317,000 SF), and Southgate USA (816,000 SF) in a primary retail corridor.
  • Strong demographics: 193,000+ population within a 5-mile radius, $70,710 average household income.

Property Details for 9755 Corporate Cir

Property type
Other industrial properties, Manufacturing properties
Square Feet
45,423 SF
Year Built
2020
Lot Size (sq. ft)
187,744 SF

Location Insight

City
Valley View
County
Cuyahoga
State
Ohio
Latitude
41.3989279
Longitude
-81.6152387
9755 Corporate Cir, Valley View, Ohio

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9755 Corporate Cir
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