NNN Smithfield Direct Leased Investment 15751 Commerce Park Dr Industriel/Logistique 937 m² À vendre Brook Park, OH 44142 638 590 € (681,78 €/m²) Taux de capitalisation 7,90 %

Green Bridge Real Estate is pleased to offer a Rare Refrigerated, Distribution Warehouse Single Tenant Absolute NNN Leased investment property located at 15751 Commerce Park Drive in Brook Park, Ohio 44142. This Passive Investment with Zero Landlord Responsibilities has been 100% NNN leased to Smithfield Direct, LLC (a successor to Armour-Eckrich Meats, Conagra Foods, Eckrich & Sons, Inc.) for more than 50 years. The original lease was executed in 1968 and recently renewed for 3 years until May 31, 2028 with 2 additional 3 year options to renew with 2.5% annual rental increases. The 10,082 Sq.Ft. building was built in 1968 on approx. .70 Acres consisting of 7,200 Sq.Ft. of Warehouse, 1,600 Sq.Ft. of Office and 1,300 Sq.Ft. of Cooler space with 16’ clear heights and 1 dock and 2 drive ins. As part of the recent lease extension, ownership invested in the replacement of the existing HVAC unit.
Located in the shadow of the New $2.4 Billion Dollar Football Dome to open in 2027, this property has an ideal location near new development, Highways I-71 and I-480 and should appreciate accordingly. Only 10 minutes southwest of Cleveland. Smithfield Direct boasts $14.1 Billion in 2024 companywide sales with 34,000 employees. Offered at a current 7.90% Capitalization Rate at the Asking Price of $749,000 or $74 per Sq.Ft. Ideal 1031 Tax Exchange property, please consult your tax professional for more details.