Madison, OH 44057

Verizon

Property Address

5995 North Ridge Road, Madison, OH, USA

Offering Summary

  • Price: $1,999,800
  • Lot Size: .57 Acres
  • Cap Rate: 6.70%
  • Year Built: 2020
  • Building SF: 3,000
  • Status: In Escrow
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  • Brand New 10-Year Lease with Verizon - 2020 Construction
  • 10% Rental Increases Every 5 Years
  • 60,205 Residents within a 10-Mile Radius - Cleveland MSA
  • Tenant is the Largest Verizon Retailer in the United States - 780+ Locations
  • Across from Walmart-Anchored Center
  • 21,600+ Cars/Day at the Nearby Intersection of North Ridge Road and Green Road
  • Situated Along North Ridge Road (U.S. Route 20), a Major Thoroughfare with Access to Nearby Cities Including Painesville, Geneva, Ashtabula, and Cleveland
  • Close Proximity to Madison’s Primary Retail Corridor - ALDI, Giant Eagle, Tractor Supply Co, Gordman’s, Goodwill, and More

Broker Information