Offering Memorandum
Investment Sale
Firestone
1951 Midway Mall
Elyria, Ohio
Elyria, Ohio
eCode:039i
Sales Price
$1,440,000
NOI
$90,000
Cap Rate
6.25%
Lease Expiration
11/30/2025
Building Size
8,475 SF
Year Built
1964 / 1990
Zoning
Commercial
Traffic Count
Midway Blvd (3,195 CPD)
Highlights
- Strong Store Sales
- Highly Successful Tenant
- Prime Visibility | Signalized Hard Corner
- Dense Retail Corridor
- Long Term Tenant History
- NN Lease – Landlord Responsibility for Roof & Structure
| Radius | 1 mile | 3 mile | 5 mile |
| Population Density | 3,251 | 51,882 | 123,969 |
| Household Income | $54,658 | $59,379 | $68,951 |
| Daytime Pop | 3,129 | 25,333 | 39,573 |
SIMILAR PROPERTIES
Multi-Tenant
7848 Mall Rd & 7852 Mall Rd
Florence, Kentucky
Smokey Bones: $1,909,492
BJ's Brewhouse: $2,218,333 | Smokey Bones: 7,200 SF
BJ's Brewhouse: 8,500 SF
Florence, Kentucky
Smokey Bones: $1,909,492
BJ's Brewhouse: $2,218,333 | Smokey Bones: 7,200 SF
BJ's Brewhouse: 8,500 SF
Multi-Tenant
11400-11500 Telegraph Rd
Taylor, Michigan
Unpriced | 83,964 SF
Taylor, Michigan
Unpriced | 83,964 SF
