AutoZone – Chesterland

Property Type: | Property Status: Sold

AutoZone Building

Property Details

Price: $1,403,000

CAP Rate:

Square Feet:

Tenancy Type: National

Lease Type:

Location Info

Address: 8189 Mayfield Road

City: Chesterland

State: OH

Zip: 44026

Property Description

Short Description:
The Cooper Commercial Investment Group is pleased to announce the sale of the single-tenant, NN lease, AutoZone located in Chesterland, Ohio. The lease has approximately 10 years of original term remaining. Dan Cooper, President and Broker of the Cooper Commercial Investment Group in Cleveland, Ohio, had the privilege to represent the buyer, a private investor out of Ohio, who Dan Cooper brokered a sale leading to this 1031 purchase. The seller was a private investment group out of Louisiana. The asset was purchased for $1,403,000, representing approximately a 6.15% CAP Rate.