INVESTMENT/ REDEVELOPMENT OPPORTUNITY (ALONG BEDFORD AUTO MILE)

Transcription

1 INVESTMENT/ REDEVELOPMENT OPPORTUNITY (ALONG BEDFORD AUTO MILE) PROPERTY INFO + + Price: $1,900,000 ($44.78 PSF) + + Current NOI: $190,949 ($4.50 PSF NNN) + + Short Term Lease Expiration: March Existing Rent is low / replaceable rent for value add investor + + Ideal Future Auto Dealership retrofit acre two parcel lot with two curb cuts in heart of the Bedford Auto Mile ,433 SF Retail Building + + High profile automotive dealership market, the site is main & main in the market at Broadway Avenue and Rockside Road of frontage along Rockside Road + + Approximately 100 parking spaces loading dock on the right rear of the building + + Building Height: 18 FT

2 PARCEL MAP Stewart Auto Group BP FLOOR PLAN

3 LOCATION & MARKET HIGHLIGHTS + + Population of 177,995 people within a 5 mile radius + + Average household income of $61,020 within a 5 mile radius + + Traffic counts of 16,043 VPD on Rockside Road (Source ODOT TIMS) + + High profile automotive dealership market, the site is main & main in the market at Broadway Avenue and Rockside Road + + The Bedford Automile currently stands at 26 new/used car & truck franchises. The largest selection of new and used vehicles anywhere in the state of Ohio. BEDFORD AUTOMILE DEALERS:

4 AV LIBBY RD 17 RO C I KS DE 15,546 RD 7,283 SITE 8 BEDFORD Found from website recreated PMS H 12 3 TU RN EY RD L CO,40 7, ,3 84 3,9 U U MB SR D NORTHFIELD RD 5,657 CENTER RD Peck Food Services TURNEY DUNHAM PLAZA Bedford High School 4 ROCKSIDE RD MEADOWBROOK MARKET SQUARE 124,71 9, ,5 10, ,769 4,720 20,661 Maple Hts High School 14,089 MAPLETOWN MAPLE HTS 6,536 8,632 76,727 9,864 E 17,959 INTERSTATE 271 BR O AD W AY AV 8,601 EG BE RT RD DUNHAM RD E Bedford Reservation 4,417 Ferro Corp 13,813 West-Ward Pharmaceuticals 8,046 FORBES

5 DEMOGRAPHIC BRIEF ROCKSIDE RD POPULATION 1 MILE 3 MILES 5 MILES 2018 Population - Current Year Estimate 11,258 75, , Population - Five Year Projection 11,004 73, , Population - Census 11,695 77, , Population - Census 12,625 85, , Annual Population Growth Rate -0.46% -0.38% -0.39% Annual Population Growth Rate -0.46% -0.41% -0.34% HOUSEHOLDS 2018 Households - Current Year Estimate 5,137 33,211 75, Households - Five Year Projection 5,048 32,702 74, Households - Census 5,283 33,958 77, Households - Census 5,549 36,056 82, Annual Household Growth Rate -0.34% -0.27% -0.30% Annual Household Growth Rate -0.35% -0.31% -0.25% 2018 Average Household Size HOUSEHOLD INCOME 2018 Average Household Income $51,724 $51,887 $61, Average Household Income $60,638 $60,022 $70, Median Household Income $39,720 $40,901 $43, Median Household Income $44,212 $45,879 $49, Per Capita Income $23,572 $23,174 $26, Per Capita Income $27,797 $26,905 $30,412 HOUSING UNITS 2018 Housing Units 5, , , Vacant Housing Units % 4, % 13, % 2018 Occupied Housing Units 5, % 33, % 75, % 2018 Owner Occupied Housing Units 2, % 19, % 44, % 2018 Renter Occupied Housing Units 2, % 13, % 31, % EDUCATION 2018 Population 25 and Over 7, , , 335 HS and Associates Degrees 5, % 38, % 82, % Bachelor's Degree or Higher 1, % 9, % 28, % PLACE OF WORK 2018 Businesses 262 2,389 7, Employees 4,084 37, , CBRE. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Source: Esri Page 1 ProjectID: This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited. CBRE and the CBRE logo are service marks of and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners. Licensed Real Estate Broker