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4070 Interchange Corporate Center Rd
Warrensville Heights, OH 44128 Warrensville Heights

$6,693,500 USD

Auto Dealership For Sale  •  8,408 SF

Property Details

  • Property Type Auto Dealership
  • Total Building Size 8,408 SF
  • Lot Size 4.09 AC
  • Building Class B
  • Year Built 2017
  • Cap Rate 7.00 %
  • Tenancy Single
  • Zoning U-7A
30 Transit Score
60 Walk Score

Highlights

14 years remaining with four 5-year renewal options on an absolute NNN lease with no landlord responsibilities
Lease is corporately guaranteed by Carvana (NYSE: CVNA), a leading e-commerce auto platform with ~$20.3B in revenue
Built-in rent increases every five years, with the next bump in January 2028
Strong visibility and frontage along I-271 with convenient access nearby
Located in a major retail corridor surrounded by national tenants and hotels
Dense and affluent Cleveland MSA location with a strong daytime population
Cap Rate: 7.00 %

Major Tenants

Tenant SF Occupied Lease End Date
Carvana 8,408 SF 9/30/2040

Amenities

  • Freeway Visibility
  • Signage

Public Transportation

AirportDriveWalkDistance
Cleveland-Hopkins International 27 min - 23.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 50
Type: Surface
Included in Rent: Yes
Matthew Gorman 215-603-6914 CBRE, Inc.
Matthew Gorman 215-603-6914 CBRE, Inc.