22001 Lake Shore Blvd - Drug Store FOR SALE


Euclid, OH 44123
$4,874,674 USD
512-468-4031
22001 Lake Shore Blvd, Euclid, OH for Sale
$4,874,674 USD
Drug Store - FOR SALE
1/16
null | 9% Cap Rate

22001 Lake Shore Blvd
Euclid, OH 44123


HIGHLIGHTS

  • TERM REMAINING (8.5 YEARS) - Primary Term expires July 31, 2034. CVS has operated from this location since 2009.
  • ABSOLUTE NET BOND LEASE - No Landlord Responsibilities.
  • OPEN 24 HOURS + DRIVE THRU PHARMACY - High performing store with 15+ Year operating history.
  • ACTIVE RETAIL TRADE AREA - The property is positioned near numerous other national credit tenants including ALDI, Wendy’s, Chase Bank, and more.
  • 1.6 MILES FROM CLEVELAND CLINIC, EUCLID HOSPITAL Cleveland Clinic is one of the world’s largest healthcare systems in the world.
  • 1.9 MILES FROM A 650,000 SF AMAZON FULFILLMENT CENTER - Major employment base employing over 2,000 employees.

OVERVIEW

Rent Holiday: 8/2031 - 7/2034 Price is Inclusive of Full Credit for the Rent Holiday

FOR SALE DETAILS

PRICE

$4,874,674 USD

PRICE/SF

$375 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.55 AC

LAND SF

67,518 SF

ZONING

U4

APN/PARCEL ID

642-08-084

ASK ABOUT THIS PROPERTY

Matt RaglandNet Leased AdvisorsMore Info
512-468-4031

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Matt RaglandNet Leased AdvisorsMore Info
512-468-4031

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