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MDC Endeavour 1 LLC Acquires Speedway Location In Englewood For $5.5 Million
SOLD
$5,500,000
Retail
Sold 02/03/2025
SOLD
MDC Endeavour 1 LLC Acquires Speedway Location In Englewood For $5.5 Million
711 North Main Street
See Similar DealsRetail
Sold 02/03/2025
Summary
OHIO
Asset Type:Retail
Transaction Type:Sale
A retail property located at 711 North Main Street in Englewood, OH, was sold for $5,500,000. The property is part of a strategy to acquire multiple Speedway locations across the Midwest, with this asset being a part of that portfolio. The transaction was completed on February 3, 2025.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $5,500,000
- Buyer: MDC Endeavour 1 LLC
- Market: Englewood, OH
- Transaction Date: February 3, 2025
MDC Endeavour 1 LLC, based in San Diego, is actively pursuing Speedway properties in various locations, including Lima, Austintown, and Massillon, as part of their growth strategy in the Midwest commercial real estate market.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$293,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,540.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,072.81
Annual Debt Service$312,873.67
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