8555 & 8735 Day Drive is a two-level, ±60, 165 SF commercial building offered for sale at $3, 999, 000 — an 8.5% cap rate on ±$339, 635 of stabilized NOI. The entire first floor (±31, 500 SF) is 100% leased to Oakmont Education, LLC, an Ohio charter-school operator, under two triple-net (NNN) leases with matching terms, running through June 30, 2036, with two five-year renewal options extending potential occupancy to 2046. The two leases are cross-defaulted and expire together — effectively a single credit on a single ~10-year term — and the tenant pays taxes, insurance, and CAM, with controllable operating costs capped at 4% per year. The property has been substantially recapitalized, including a new roof, new HVAC units, exterior paint, ±47, 500 SF of parking resurfacing with new lot lighting, and a ~$399K purpose-built school interior. Embedded upside includes a vacant ±28, 665 SF second-floor storage/value-add level (last leased at $3.75/SF) and a contractual +$20, 365/yr rent step-up on the 8735 lease when the storage space is placed in service (by 9/1/2028). This is a stabilized, net-leased offering with in-place income, a decade-plus of term, and multiple paths to additional yield.

Highlights:
• 100% leased first floor (±31,500 SF) to Oakmont Education through 6/30/2036, plus two 5-year options to 2046
• 8.5% cap rate on ±$339,635 stabilized NOI at the $3,999,000 list price
• True triple-net (NNN) structure — tenant pays taxes, insurance & CAM; controllable costs capped at 4%/yr
• Single-credit, cross-defaulted, matching-term leases — one tenant, one ~10-year term
• Heavily recapitalized: new roof, HVAC, exterior paint, ±47,500 SF parking, ~$399K school build-out
• Embedded upside: vacant ±28,665 SF second-floor storage + contractual +$20,365/yr step-up (by 9/1/2028)
• Prime Ridge Road (SR-3) frontage — 27,600+ VPD; ±0.5 mi from 332-bed UH Parma Medical Center
• Dense trade area: 240,000+ residents and ~100,000 daytime employees within 5 miles