22019 Emery RdWarrensville Heights, OH 44128

Property Details for 22019 Emery Rd

Lot size

0.99 AC

Property size (Sq ft)

6,350 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents two freestanding buildings totaling 6,350 square feet on a 0.992-acre lot in Warrensville Heights, Ohio. The property is a fee-simple ownership, featuring a net lease structure with 100% occupancy and a strong 8.5% cap rate, generating a net operating income (NOI) of $59,010. The tenants are Georgio's Oven Fresh Pizza and Starr Automotive, a long-term tenant since 1995. Georgio's, a regional chain with over 40 locations, occupies one building, while Starr Automotive occupies the other. The buildings offer valuable restaurant and automotive build-outs. Landlord responsibilities are minimal, primarily limited to landscaping and snow removal for the automotive tenant. This prime location boasts proximity to major employers, including a large Amazon fulfillment center, and numerous national retailers such as Aldi, Wendy's, and CVS, ensuring high visibility and strong tenant demand. The asking price is $695,000, translating to $109.45 per square foot. This property offers a compelling combination of strong cash flow, long-term tenants, and a strategic location near significant commercial activity. The investment sub-type is two freestanding buildings.

Location Insight

City

Warrensville Heights

County

Cuyahoga

State

Ohio

Latitude

41.4356

Longitude

-81.5236

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