Retail Space / Ohio / Mentor / 44060 / 9180 Mentor Avenue

9180 Mentor Avenue

Mentor, OH 44060

Listing ID: 236544

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For Sale

Property Type Retail for Sale : Free Standing Building
Lot Size Acres 1.024
Building Sq Ft 3,198
Land Sq Ft 44,605

Description

For sale to qualified investors is a 20 year absolute triple net sale lease-back with Five Guys in Mentor, Ohio. Situated on 1 acre of prime land at the entrance to a nearly 200,000 SF Meijer grocery store, this investment provides 20 years of guaranteed base term plus increases in and unbeatable location. The franchisee is one of the top in the chain and operates 25 Five Guys with continued annual growth. The lease will be guaranteed by the parent company owning all 25+ locations. Additionally, with low rent of $82,500 per year ($26 psf), this is also a value play as rents for similar freestanding buildings consistently exceed $35 psf in this corridor. The building itself has an outdoor patio and is drive thru accessible if desired in the future. The property is situated in one of the most dynamic commercial markets in all of Ohio. Nearby businesses include the LakeHealth Medical and Surgery Center, UH Medical Center, Memorial Middle School, Chipotle, Panda Express, Panera, Brueggers, Starbucks, Applebee’s, Bob Evans, Taco Bell, Meijer, Walmart, Petsmart, Walgreens, Lowe’s, Dick’s, Kohl’s, Homegoods, and many more.

Listing Demographics for 9180 Mentor Avenue Mentor, OH 44060

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

		1-Mile	3-Miles	5-Miles
Total Population		5,491	41,017	104,328
Population Median Age		48	45	42
Population by Age	0-9 Yrs	457 (8%)	3887 (9%)	10622 (10%)
	10-19 Yrs	435 (7%)	4651 (11%)	12830 (12%)
	20-29 Yrs	513 (9%)	3704 (9%)	11712 (11%)
	30-39 Yrs	517 (9%)	4219 (10%)	11593 (11%)
	40-49 Yrs	665 (12%)	5046 (12%)	13098 (12%)
	50-59 Yrs	791 (14%)	6101 (14%)	15443 (14%)
	60-69 Yrs	1026 (18%)	6631 (16%)	15219 (14%)
	70+ Yrs	1087 (19%)	6779 (16%)	13811 (13%)

Median HH Income		$74,870	$77,055	$69,046
Total Household Income	< 24K	280 (12%)	2103 (12%)	6088 (14%)
	25-49K	463 (20%)	3593 (20%)	9516 (22%)
	50-74K	411 (17%)	2677 (15%)	7657 (17%)
	75-99K	354 (15%)	2811 (16%)	6629 (15%)
	100-199K	662 (28%)	4918 (28%)	10744 (24%)
	200K+	134 (5%)	1106 (6%)	2450 (5%)

Highest Education Level	No Diploma	259	1686	5549
	Diploma or GED	1431	8281	22312
	Some College	891	6846	16816
	Assoc. Degree	346	2926	7820
	Bachelors Degree	979	6641	14565
	Higher Degree	470	4211	8204

Total Housing Units		2,424	18,218	45,618
--Owner-Occupied		2,009	14,305	32,856
--Renter-Occupied		296	2,903	10,228
Owner-Occupied Values	< 100K	370	1908	5681
	100-199K	613	6059	14818
	200-299K	823	4766	8351
	300-399K	142	1054	2368
	400-499K	55	324	814
	500K+	5	195	823

Total Working Age Population		4,707	34,047	85,780
In Work Force		2,773	21,390	55,763
Not In Work Force		1,934	12,657	30,017
Workforce Employed		2,674	20,674	53,583
Workforce Unemployed		99	716	2,143
Civlian Workforce		2,773	21,390	55,726
Military Workforce		0	0	37

Total Households		2,304	17,208	43,083
Family Households		1,482	11,269	27,770
Non-Family Households		823	5,939	15,313
Married Couple		1,255	9,057	21,540
Other Family		227	2,212	6,230
Married w/Child		376	3,081	7,430
Single Male w/Child		26	389	939
Single Female w/Child		69	597	2,122

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
Ohio	11,353,140	+2	11,536,504	0	11,574,870	0	11,615,100
Cuyahoga County	1,393,978	-8	1,280,122	-6	1,209,550	-5	1,154,210
Geauga County	90,895	+3	93,389	0	93,510	+2	94,930
Lake County	227,511	+1	230,041	-1	228,600	0	228,380

Total Working Age Population:

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No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Listing Location & Map Views

Demographic Radii

Points of Interest

Traffic Counts

POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.

Other Retail Space Listings for Sale Nearby

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9200 Mentor Avenue, Mentor, OH	CALL	763	0.75
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7850 Mentor Avenue, Mentor, OH	$5,700,000	190762	12.29
7730 Lakeshore Boulevard, Mentor, OH	$340,000	5060	0.69
9193 Chillicothe Road, Kirtland, OH	$2,548,000	32985	2.95
367 North State Street, Painesville, OH	$99,000	4308	0.1
701 East Street, Fairport Harbor, OH	$149,000	3435	0.31
10609 Chillicothe Road, Willoughby, OH	$1,975,000	25318	5.3
7899 Chardon Rd, Kirtland, OH	$650,000	14000	1.51