16015 Lake Shore Blvd - Retail FOR SALE


Cleveland, OH 44110- Waterloo Arts District
$1,156,555 USD
216-225-7561
16015 Lake Shore Blvd, Cleveland, OH for Sale
$1,156,555 USD
Retail - FOR SALE
1/4
null | 9% Cap Rate

16015 Lake Shore Blvd
Cleveland, OH 44110
Waterloo Arts District


HIGHLIGHTS

  • The property is currently occupied by Dollar General, a well-established national retailer known for its stability and consistent customer base.
  • This long-term lease structure provides stability and potential for continued income.
  • Vacant Dollar General Paying Rent with 6.5 Years Remaining in Cleveland, OH
  • Easy-to-Lease 7,636 SF with QSR/Daily Needs or E-Commerce-Proof Tenant
  • Easy Access to I-90, Ride-Share and Public Transportation | I-90 Major Highway Through Cleveland
  • AHHI of $43,732 Within 2-Miles | $49,979 Within 3-Miles | $54,313 Within 5-Miles

OVERVIEW

The original lease term was fifteen (15) years, and it is set to expire on August 31, 2031. After the initial term, the tenant has the option to renew the lease three times, with each renewal period lasting five (5) years.

FOR SALE DETAILS

PRICE

$1,156,555 USD

PRICE/SF

$151 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Former Dollar General

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.01 AC

LAND SF

43,996 SF

ZONING

LR

APN/PARCEL ID

113-01-020

ASK ABOUT THIS PROPERTY

Jared ShapiroColliersMore Info
216-225-7561

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Jared ShapiroColliersMore Info
216-225-7561

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.