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 2020 + + Existing Rent is low / replaceable rent for value add investor + + Ideal Future Auto Dealership retrofit + + 2.14 acre two parcel lot with two curb cuts in heart of the Bedford Auto Mile + + 42,433 SF Retail Building + + High profile automotive dealership market, the site is main & main in the market at Broadway Avenue and Rockside Road + + 216 of frontage along Rockside Road + + Approximately 100 parking spaces + + 1 loading dock on the right rear of the building + + Building Height: 18 FT
PARCEL MAP Stewart Auto Group BP FLOOR PLAN
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:
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 7,493 60 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 9,152 29 9,5 10,302 14 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
DEMOGRAPHIC BRIEF 18111 ROCKSIDE RD POPULATION 1 MILE 3 MILES 5 MILES 2018 Population - Current Year Estimate 11,258 75,226 177,995 2023 Population - Five Year Projection 11,004 73,699 174,986 2010 Population - Census 11,695 77,625 183,880 2000 Population - Census 12,625 85,073 206,009 2010-2018 Annual Population Growth Rate -0.46% -0.38% -0.39% 2018-2023 Annual Population Growth Rate -0.46% -0.41% -0.34% HOUSEHOLDS 2018 Households - Current Year Estimate 5,137 33,211 75,586 2023 Households - Five Year Projection 5,048 32,702 74,656 2010 Households - Census 5,283 33,958 77,462 2000 Households - Census 5,549 36,056 82,955 2010-2018 Annual Household Growth Rate -0.34% -0.27% -0.30% 2018-2023 Annual Household Growth Rate -0.35% -0.31% -0.25% 2018 Average Household Size 2.19 2.24 2.31 HOUSEHOLD INCOME 2018 Average Household Income $51,724 $51,887 $61,020 2023 Average Household Income $60,638 $60,022 $70,532 2018 Median Household Income $39,720 $40,901 $43,263 2023 Median Household Income $44,212 $45,879 $49,336 2018 Per Capita Income $23,572 $23,174 $26,225 2023 Per Capita Income $27,797 $26,905 $30,412 HOUSING UNITS 2018 Housing Units 5, 787 37, 837 89, 262 2018 Vacant Housing Units 650 11.2% 4,626 12.2% 13,676 15.3% 2018 Occupied Housing Units 5,137 88.8% 33,211 87.8% 75,585 84.7% 2018 Owner Occupied Housing Units 2,953 51.0% 19,528 51.6% 44,497 49.8% 2018 Renter Occupied Housing Units 2,184 37.7% 13,683 36.2% 31,088 34.8% EDUCATION 2018 Population 25 and Over 7, 922 53, 552 125, 335 HS and Associates Degrees 5,726 72.3% 38,309 71.5% 82,733 66.0% Bachelor's Degree or Higher 1,462 18.5% 9,237 17.2% 28,059 22.4% PLACE OF WORK 2018 Businesses 262 2,389 7,273 2018 Employees 4,084 37,597 163,806 2018 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:349107 2018 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