Avon Lake Multi-Tenant Portfolio
Avon Lake, OH

$733,870 USD

General Retail For Sale • 9,406 SF

2 Properties View all

Property Details

Property Type General Retail

0 Transit Score

40 Walk Score

                
                    Highlights
                
                                4 complementary tenants across two adjacent buildings at an established commercial node.
                            
                                Fratello’s Italian Restaurant has continuously occupied its suite  since 1992 with successive renewals  and rising rents.
                            
                                Restaurant, body-art studio, coin laundry, and artisan sandwich shop provide use diversity and staggered risk.
                            
                                Terms run through 2026, 2027, and 2028, creating natural rent-reset windows without simultaneous vacancy.
                            
                                Current in-place rent of $109,224 generates an estimated NOI of approximately  $73,400 after standard recurring expenses.
                            
                                Indicative pricing at a 10% cap rate (~734,000) offers strong cash-on-cash returns for leveraged buyers.