Daystar Chrysler Dodge Jeep Ram
24,640 SF | 100% Leased | Retail Building | Malvern, OH 44644 | $9,018,568 ($366/SF) | 7.25% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $9,018,568
- Property Type
-
Retail
- Square Feet
- 24,640 SF
- Price / Square Foot
- $366
Listing Contacts
Mark Pomella
Verified Profile
Dave Gollenberg
Verified Profile
Andrew Donnelly
Verified Profile
- Property Info
Property Overview
SAB Capital is pleased to present Daystar CDJR in Malvern, OH, located 30 miles Southeast of Akron. This is an absolute triple-net (NNN) sale-leaseback in which the tenant will sign a 20-year lease commencing at closing. The lease features 3% annual rent escalations. Daystar Auto Group currently operates 3 dealerships in Northeast Ohio.
Property Details
- Year Built
- 2024
- Stories
- 1
- Property Subtype
- Vehicle Related
- Lot Size (sq. ft)
- 248,728 SF
Highlights
- Daystar CDJR in Malvern, OH | 30 Miles Southeast of Akron
- Zero Landlord Responsibilities | Absolute Triple Net (NNN) Lease Structure
- Structured Hedge Against Inflation | 3% Annual Increases
- Long-Term Sale-Leaseback Opportunity | Tenant Will Commence A New 20-Year Lease At Closing
- Close Proximity to Interstate Highway | Located on OH-43
- Strong Corporate and Unit-Level Performance | Reach Out to Broker For Further Detail
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