7515 Tyler BlvdMentor, OH 44060

For Sale
$5,048,364

12,100 SF Auto Shop, 15-Year Lease

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a brand-new, 12,100-square-foot Caliber Collision center in Mentor, Ohio. Built in 2025, the property sits on a 1.89-acre lot and boasts a 15.4-year absolute net lease with a corporate guarantee from Caliber Collision, the nation's largest collision repair provider. The lease features a 10% rent increase every five years, ensuring consistent income growth. The property offers a 6.60% cap rate with a net operating income (NOI) of $333,192 and an asking price of $5,048,364. Strategically located at 7515 Tyler Blvd, Mentor, OH 44060, this Class A retail property enjoys high visibility and accessibility, situated along a major retail and traffic corridor with easy access to State Route 2 (74,000+ vehicles per day). Its proximity to Great Lakes Mall, a large shopping center with numerous retail stores and restaurants, and numerous auto dealerships further enhances its value. The area boasts a high average household income (over $88,000 within a 1-mile radius) and a significant population (over 106,000 within a 5-mile radius). This property offers significant tax benefits through accelerated depreciation and cost segregation. The long-term lease, strong tenant, and prime location make this an attractive investment opportunity with substantial potential for return.

Highlights

  • 15-year absolute net lease with 10% rent increases every five years; brand new 2025 construction.
  • Caliber Collision, the nation's largest collision repair provider, is the tenant.
  • Hellman & Friedman, a private equity firm with over $25 billion in assets, is the majority owner of Caliber Collision.
  • High-income, densely populated area: >$88,000 average household income within 1 mile, >106,000 residents within 5 miles.
  • Excellent visibility and accessibility; located on a major retail corridor with easy access to State Route 2 (74,000+ vehicles per day).
  • Across from Great Lakes Mall, a 1.2M sq. ft. shopping center with over 125 stores and restaurants.

Property Details for 7515 Tyler Blvd

Property type
Other retail properties, Individual retail properties
Square Feet
12,100 SF
Class
A
Year Built
2025
Lot Size (sq. ft)
82,328 SF

Location Insight

City
Mentor
County
Lake
State
Ohio
Latitude
41.661977
Longitude
-81.37243
7515 Tyler Blvd, Mentor, Ohio

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7515 Tyler Blvd
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