Retail Space
36220 Detroit Road Avon, OH 44011
Details & Description
Price: $2,241,000
    Lease features rare 1.75% annual rental increases throughout the initial term, rental adjustment at the beginning of the first option period as well as 10%rental increases at the beginning of each option period thereafter, growing NOI and hedging against inflation. Formed in 1986, Pacific Bells is the nation’s 4th largest Taco Bell operator (240+ units) and the largest operator of Buffalo Wild Wings (65+ units).Strategically located along Detroit Rd/State Highway 254, a major commuter thoroughfare averaging 13,700 vehicles passing by daily. Benefits from convenient on/off ramp access to Interstate 90 (62,000 VPD), the primary highway traveling into the heart of Cleveland.
    Property Highlights
     The 5-mile trade area is supported by more than 112,500 residents and nearly 57,000 daytime employees
     Residents within 3 miles of the subject property feature an average household income of $129,798
    Listing Agents
    Matthew Mousavi

    O: 949-698-1116
    M: 714-404-8849
    matthew.mousavi@srsre.com
    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.

    36220 Detroit Road

    Avon, OH 44011

    Listing ID: 255495
    • 36220 Detroit Road Avon, OH 44011 | for Sale | Photo 1
    • 36220 Detroit Road Avon, OH 44011 | for Sale | Photo 2
    • 36220 Detroit Road Avon, OH 44011 | for Sale | Photo 3
    36220 Detroit Road | for Sale | Thumbnail 1
    36220 Detroit Road | for Sale | Thumbnail 2
    36220 Detroit Road | for Sale | Thumbnail 3
    Building Size: 1,888 SF
    Lot Size: --
    Land Size: --
    Building $/SF: $1,186.97
    Land $/SF:
    Price
    $2,241,000
    Property Highlights
    Tenant has more than 16 years remaining in their initial term with 5 5-year options to extend
    The building is equipped with a drive-thru, providing ease and convenience for customers
    On average, stores with drive-thrus average higher sales than those without
    The 5-mile trade area is supported by more than 112,500 residents and nearly 57,000 daytime employees
    Residents within 3 miles of the subject property feature an average household income of $129,798
    Description

    Lease features rare 1.75% annual rental increases throughout the initial term, rental adjustment at the beginning of the first option period as well as 10%rental increases at the beginning of each option period thereafter, growing NOI and hedging against inflation. Formed in 1986, Pacific Bells is the nation’s 4th largest Taco Bell operator (240+ units) and the largest operator of Buffalo Wild Wings (65+ units).

    Strategically located along Detroit Rd/State Highway 254, a major commuter thoroughfare averaging 13,700 vehicles passing by daily. Benefits from convenient on/off ramp access to Interstate 90 (62,000 VPD), the primary highway traveling into the heart of Cleveland.

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    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.
     
    Cleveland History of Retail Space for Sale

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    Avon Area Market Trends

    Listing Demographics for 36220 Detroit Road Avon, OH 44011

    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 Population3,61534,831117,960
    Population Median Age414041
    Population by Age0-9 Yrs457 (12%)4644 (13%)13539 (11%)
    10-19 Yrs501 (13%)5438 (15%)16674 (14%)
    20-29 Yrs243 (6%)2325 (6%)10678 (9%)
    30-39 Yrs432 (11%)3803 (10%)13042 (11%)
    40-49 Yrs488 (13%)5707 (16%)17159 (14%)
    50-59 Yrs645 (17%)5047 (14%)16473 (13%)
    60-69 Yrs307 (8%)3494 (10%)15065 (12%)
    70+ Yrs542 (14%)4375 (12%)15330 (12%)
    Median HH Income$88,647$97,686$82,492
    Total Household Income< 24K81 (5%)1307 (9%)5006 (10%)
    25-49K247 (17%)1857 (14%)8365 (18%)
    50-74K263 (18%)1889 (14%)7764 (16%)
    75-99K247 (17%)1640 (12%)6418 (13%)
    100-199K461 (31%)4457 (34%)13093 (28%)
    200K+153 (10%)1933 (14%)5472 (11%)
    Highest Education LevelNo Diploma478364839
    Diploma or GED567417017350
    Some College407445616319
    Assoc. Degree34219637282
    Bachelors Degree667706022131
    Higher Degree520493514776
    Total Housing Units1,49613,73748,923
    --Owner-Occupied1,19410,71636,416
    --Renter-Occupied2572,3669,701
    Owner-Occupied Values< 100K285074327
    100-199K550237812092
    200-299K27731238728
    300-399K21327276076
    400-499K9612502570
    500K+307302622
    Total Working Age Population2,87626,53093,662
    In Work Force1,80317,47860,883
    Not In Work Force1,0739,05232,779
    Workforce Employed1,70516,88058,876
    Workforce Unemployed985731,969
    Civlian Workforce1,80317,45260,845
    Military Workforce02638
    Total Households1,45113,08246,117
    Family Households9779,46031,855
    Non-Family Households4733,62214,261
    Married Couple8168,02326,163
    Other Family1621,4375,692
    Married w/Child3873,92310,737
    Single Male w/Child623221,086
    Single Female w/Child284772,001

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Ohio11,353,140+211,536,504011,574,870011,615,100
    Cuyahoga County1,393,978-81,280,122-61,209,550-51,154,210
    Lorain County284,664+6301,356+3310,230+3320,430

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    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.

    Common Questions and Answers

    What is the asking price for 36220 Detroit Road in Avon?
    The asking price for 36220 Detroit Road is $2,241,000
    What is the building size of this Retail property in Avon, OH?
    The size of the building/unit at 36220 Detroit Road in Avon is 1,888 square feet
    What is the population within 1 mile of 36220 Detroit Road in Avon?
    The population within 1 mile of 36220 Detroit Road Avon, OH 44011 is 3,615 people.
    Who do I contact for questions about 36220 Detroit Road?
    You should contact the listing agent, Matthew Mousavi, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    Cleveland Hopkins International Airport (CLE) 10
    Detroit Metropolitan Wayne County Airport (DTW) 86
    Toledo Express Airport (TOL) 93
    Price
    $2,241,000
    Listing Agent
    More listings from Matthew Mousavi
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