38000 Euclid Ave - Freestanding FOR SALE


Willoughby, OH 44094- Downtown Willoughby
$3,366,600 USD
925-788-6201
38000 Euclid Ave, Willoughby, OH for Sale
$3,366,600 USD
Freestanding - FOR SALE
1/13
null | 7.5% Cap Rate

38000 Euclid Ave
Willoughby, OH 44094
Downtown Willoughby


HIGHLIGHTS

  • Anchored by Dollar Tree with investment-grade credit rating.
  • Strong tenant mix with complementary uses and long-term leases.
  • Recent renovations and ample on-site parking for customer convenience.

OVERVIEW

This offering presents a prime opportunity to acquire a stabilized, multi-tenant retail center strategically located along Euclid Avenue in Willoughby, Ohio—just 17 miles from downtown Cleveland and less than one mile from I-90. The property spans approximately 2.52 acres and features two buildings totaling ±29,788 square feet, complemented by 115 on-site parking spaces. Anchored by Dollar Tree, an investment-grade tenant (BBB S&P rating), the center also includes two long-standing local businesses: Savelli Dance & Martial Arts and Relson Gracie Jiu-Jitsu, creating a diverse and resilient tenant mix. The asset delivers multiple income streams under NNN leases, minimizing landlord responsibilities to roof, structure, and common areas. Dollar Tree’s lease runs through December 2033 with four five-year renewal options, while the other tenants maintain strong occupancy commitments. The property generates a total NOI of $252,500, priced at $3,366,600 with a 7.50% cap rate, offering investors a solid return backed by creditworthy tenancy and predictable cash flow.

FOR SALE DETAILS

PRICE

$3,366,600 USD

PRICE/SF

$113 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1952

SPRINKLERS

-

PARKING SPACES

125

LAND DETAILS

LAND ACRES

2.52 AC

LAND SF

109,771 SF

ZONING

G-B

APN/PARCEL ID

27-A-023-J-00-023

ASK ABOUT THIS PROPERTY

Spencer HendersonCushman & WakefieldMore Info
925-788-6201

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Spencer HendersonCushman & WakefieldMore Info
925-788-6201

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