$1.75 Cleaners – Wild Bills Carpet Strip Center
Property Type: Retail | Property Status: Sold
Property Details
Price: $835,000
CAP Rate:
Square Feet:
Tenancy Type: Mixed
Lease Type: NNN
Location Info
Address: 6475 Pearl Road
City: Parma Heights
State: OH
Zip: 44130
Property Description
Short Description:
NNN Retail Center – $1,090,000 – 9.00% Cap
Details
The center is 100% occupied with two long-term tenants with triple-net leases. The subject property is located on Pearl Road, one of the main thoroughfares in the Cleveland market. Southland Shopping Center, which offers consumers a plentitude of retail, sits just southwest of West 130th Street and minutes away from the subject property. This 764,000 square foot shopping center is anchored by Giant Eagle, Marc’ s, BJ’ s Wholesale Club, Steve and Barry’ s and Sears. Nearby tenants also includes Petco, Burlington Coat Factory, Applebees, Great Clips, Dollar Tree and Einstein Bagels. The subject property has significant value due to its location near major intersections and prime retail centers, in addition to its close proximity to major highways.