The Home Depot – Euclid, OH

Tenant

The Home Depot

Location

Euclid, Ohio

Price

$8,497,000

CAP Rate

6.25%

NOI

$531,069

Lease Term

27 Years

Occupancy

100%

Building Size

119,856 Sq. Ft.

Property Type

Single Tenant

Year Built

2000

Lot Size

10.28 Acres

Status

Under Contract

Property Contacts:

Karly Iacono

Associate Director

201-742-6119 | Email

  • NNN Ground Lease
  • Corporate Guarantee from Investment Grade Tenant
  • 7.8 Years Remaining on Base Term and 4 5-Year Options
  • 10% Rent Increases Every 5 Years
  • 103,000 VPD
  • Great Demographics: Over 186K People within 5 Miles

Marcus & Millichap is pleased to announce a NNN Ground Leased Home Depot in Euclid, Ohio. The subject property has 7.8 years remaining on the base term with 4 5-Year options. There are 10% increases every 5 years throughout the base term and options. The Home Depot has an investment grade credit rating of A- and is considered one of the most stable, sought after net leased tenants.