3070 Mayfield Rd - Freestanding FOR SALE
Cleveland Heights, OH 44118 |
$1,228,000 USD
216-577-1517
3070 Mayfield Rd
Cleveland Heights, OH 44118
HIGHLIGHTS
- Priced below replacement cost
- The store is an 8,333 SF freestanding building on 0.82 AC with access to the traffic light
- Highly dense market with 149,859 people in a 3-mile radius with average household incomes of $86,035
- Located directly across from Cleveland Heights rec center, minutes from walkable areas, including Cedar Lee, Cedar-Fairmount, Coventry, University Cir
- Minutes from University Circle, Cleveland’s “Eds & Meds” district consisting of Cleveland Clinic Main Campus, Case Western Reserve, & UH Cleveland Med
OVERVIEW
• 7+ years remaining on the initial lease term, initial term expiring in September 2033, 2 5-year options with 10% increases per option, through 2043
• This is a NN lease structure, landlord is responsible for roof and structure, as well as initial HVAC replacement. Once HVAC is replaced, Tenant is responsible for all future repairs and maintenance
FOR SALE DETAILS
PRICE
$1,228,000 USD
PRICE/SF
$147 USD /SF
CAP RATE
7.45%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
NN Dollar General Investment Sale
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2011
SPRINKLERS
-
PARKING SPACES
23
LAND DETAILS
LAND ACRES
0.82 AC
LAND SF
35,719 SF
ZONING
C2
APN/PARCEL ID
684-08-005
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216-577-1517
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216-577-1517
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