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914 Cleveland St
Elyria, OH 44035

$1,454,991 USD

Freestanding For Sale  •  6,600 SF

Property Details

• Property Type Freestanding
• Total Building Size 6,600 SF
• Lot Size 0.33 AC
• Building Class C
• Year Built 1972
• Cap Rate 9.50 %
• Tenancy Multiple
• Zoning R2

0 Transit Score

72 Walk Score

Highlights

High-Yielding Investment – The property is being offered at a Year-1 in-place cap rate of 9.50%.

Absolute NNN Lease – There are zero landlord responsibilities, making it a great investment opportunity for a passive investor.

Attractive Rental Increase – 3.00%+ annual rent escalations offer a built-in hedge against inflation and long-term income growth.

Large Lot – Situated on a +1.02-acre parcel, offering strong long-term real estate value and future redevelopment potential.

Approximately 50+ parking spaces provide convenient access for customers and support the tenant’s ability to accommodate a high volume of traffic.

Cap Rate:

9.50 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Board Room
M & M Improvement Company

Amenities

• Pylon Sign
• Signage
• Storage Space
• Air Conditioning

Public Transportation

Commuter Rail	Drive	Walk	Distance
Elyria Amtrak (Capitol Limited - Amtrak, Lake Shore Limited - Amtrak)	0 min	6 min	0.3 mi
Airport	Drive	Walk	Distance
Cleveland-Hopkins International	27 min	-	18.9 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	5
Type:	Surface
Included in Rent:	Yes