5768 Andrews Road, Mentor-on-the-Lake, OH
1.22 Acres of Commercial Land Offered at $1,881,481 USD in Mentor On The Lake, OH 44060
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,881,481
- Property Type
-
Land
Listing Contacts
Edward Desimone
Verified Profile
- Property Info
Property Overview
Broker of Record
Matt Wallace
License No. REC.2022007141 (OH)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
950 Main Ave.,
Suite 510, Cleveland, OH 44113
Matt Wallace
License No. REC.2022007141 (OH)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
950 Main Ave.,
Suite 510, Cleveland, OH 44113
Property Details
- Property Subtype
- Commercial
Highlights
- 15-year lease with 14.50 years remaining on the primary term and 10% rental increases beginning at the start of each of the Five, 5-Year Options
- 2024 built-to-suit construction for Dollar General with estimated delivery October 2024
- Absolute NNN Lease with zero landlord responsibilities, ideal for investors seeking a passive stream of cash flow
- ±10,640 square foot building is developed to the tenant’s current specifications, offering ample space for consumable products
- Strong Corporate Guaranty: From Dollar General Corporation, a Fortune 500 company, boasting a BBB credit rating (S&P) and a $28 billion market cap
- There are over 200,000 residents living within a 10-mile radius with an average household income of over $81,000
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