381 Cline Avenue Mansfield, OH 44907

1 / 12

View all 12 Photos

Map

**Please be discreet and do not disturb the ongoing business or employees** This is a fantastic opportunity for an I.R.S Section 1031 Like-Kind Exchange replacement property. The property is currently leased through the end of 2025 with two 2-year options, to Gentle Foot Care, LLC. The current base rent is $2, 750 per month plus $733.59 per month in Taxes and Insurance. Net operating income is $33, 000 offering a 9.4 cap rate. Beginning year 3 the lease contains 2% annual increases. Lease originated 01/01/2021 through 12/31/2025. Can be sold as a package with the 3255 E. Livingston location ($825, 000). Strong tenant with over 13 locations in the State of Ohio. The parking lot will be resurfaced before the sale of this location.