$1.75 Cleaners – Wild Bills Carpet Strip Center

Property Type: | Property Status: Sold

Cleaners Wild Bills Carpet Strip Center

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

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.