Offering Memorandum

Investment Sale

Firestone

1951 Midway Mall
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
Multi-Tenant
11400-11500 Telegraph Rd
Taylor, Michigan

Unpriced | 83,964 SF
Single-Tenant
717 E Lake Shore Dr
Manistique, Michigan

$2,215,385 | 35,299 SF
Single-Tenant
91 W Pine Lake Dr
Newaygo, Michigan

$2,215,385 | 34,886 SF

Offering Memorandum

Confidentiality Agreement*

Download Agreement