561 Cleveland Street

For sale is the 100% fee-simple interest in the Fastenal anchored multi-tenant building (metal building and roof), a 14,800 square foot commercial building located in Elyria, Ohio and part of the larger Cleveland-Elyria MSA (2,057,009 people). The property is located at the heavily-trafficked intersection of U.S 20 (31,729 VPD) and Cleveland Street (10,924 VPD). Currently 100% leased, Fastenal has anchored the building for over 12-years and the property features average in-place rents of $6.28 per square foot, providing the investor with a stable investment with a strong corporate guaranty from the long-term anchor tenant and upside potential through rental increases. Fastenal recently completed a 7-year extension, showing its long-term commitment to the site. Surrounding the property are national and regional companies including Riddell (market leader of football helmets for professional, college and high school sports teams) Big Lots, Dollar Tree, Wendy’s, CubeSmart Self Storage, CVS, Huntington Bank, Dollar General, Walgreens, Save-A-Lot, University Hospitals Emergency Center, McDonalds, AutoZone, Taco Bell, Burger King, and many others.