20485 Euclid Ave - Drug Store FOR SALE


Euclid, OH 44117
$3,724,800 USD
480-252-0226
20485 Euclid Ave, Euclid, OH for Sale
$3,724,800 USD
Drug Store - FOR SALE
1/2
null | 6.25% Cap Rate

20485 Euclid Ave
Euclid, OH 44117


HIGHLIGHTS

  • Absolute NNN Lease with Rental Growth
  • Strong Corporate Guarantee
  • Cleveland Clinic Euclid Hospital

OVERVIEW

Surmount is pleased to present the exclusive listing for a Walgreens located at 20485 Euclid Ave, Euclid, OH 44117. The site consists of roughly 14,408 rentable square feet of building space on an estimated 1.25-acre parcel of land. This Walgreens is subject to a 15-year Triple Net (NNN) lease, which commenced 2/23/2023. The current annual rent is $232,800 and has scheduled increases of 5.00% every 5 years.

FOR SALE DETAILS

PRICE

$3,724,800 USD

PRICE/SF

$259 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.25 AC

LAND SF

54,450 SF

ZONING

U4

APN/PARCEL ID

646-28-071

ASK ABOUT THIS PROPERTY

Jonathan EckerdSurmountMore Info
480-252-0226

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Jonathan EckerdSurmountMore Info
480-252-0226

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