$1,374,000 USD
858-373-3184
14235 Kinsman Rd
Cleveland, OH 44120
Mount Pleasant
HIGHLIGHTS
- 19+ Year Historical Occupancy. Tenant within 3rd Option Extension Demonstrating a Strong Commitment to the Location.
- Roof Replaced in 2020 w/ 15 Year Warranty. Corporate Backed Lease w/ 15% Increase in Option 1 and 10% Increase at Remaining Options.
- Positioned within Area’s Major Traffic and Retail Corridor. Along Kinsman Rd, a Primary East–West Arterial Connecting Downtown Cleveland.
- Features Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 19k Vehicles.
- Extremely Dense Urban Location with over 319k Residents within a 5-Mile Radius, providing a Massive Built-In Customer Base and Sustained Demand.
- Site is located within the Opportunity Zone - An Investment Program that Offers Tax Incentives through a Qualified Opportunity Fund.
OVERVIEW
Major Cleveland Arterial | 19+ Year Historical Occupancy | Roof Replaced in 2020 w/ 15 Year Warranty | Over 319k Residents Within 5-Mile Radius | Near Case Western & University Hospitals | 3 Miles to Downtown Cleveland | Quarter-Mile Access to RTA Bus Lines | Opportunity Zone
Ohio Broker of Record: Michael Glass | 500 Neil Ave., Ste. 100 Columbus, OH 43215 | P: (614) 360-9800 | Lic. # BRK.2007005898 | Michael.Glass@MarcusMillichap.com
FOR SALE DETAILS
PRICE
$1,374,000 USD
PRICE/SF
$150 USD /SF
CAP RATE
9.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
FAMILY DOLLAR | RECENT LEASE EXTENSION
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Convenience Store, Storefront, Supermarket
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2006
SPRINKLERS
-
PARKING SPACES
35
LAND DETAILS
LAND ACRES
0.68 AC
LAND SF
29,621 SF
ZONING
GR
APN/PARCEL ID
130-13-006
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858-373-3184
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858-373-3184
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