7440 Broadway Ave - Freestanding FOR SALE


Cleveland, OH 44105- Broadway-Slavic Village
$1,125,000 USD
248-702-0288
7440 Broadway Ave, Cleveland, OH for Sale
$1,125,000 USD
Freestanding - FOR SALE
1/5
null | 7.01% Cap Rate

7440 Broadway Ave
Cleveland, OH 44105
Broadway-Slavic Village


HIGHLIGHTS

  • Recent extension of five years on top of existing term
  • Location averages 31K+ visits annually
  • Rare Lease with tenant responsible for roof, parking lot, HVAC, taxes, and insurance at this location making it ideal for out-of-state investors
  • Investment Grade Credit Tenant | Market Cap: 9.6 Billion and a BBBS& P Rating
  • Located in Cleveland, a major metropolitan market in Northeast Ohio, providing a large population base, diverse demographics
  • Strategically located on Broadway Avenue in Cleveland with an average 18,000+ vehicles per day

OVERVIEW

Recent extension of five years on top of existing term

FOR SALE DETAILS

PRICE

$1,125,000 USD

PRICE/SF

$161 USD /SF

CAP RATE

7.01%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Advance Auto Parts

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

38

LAND DETAILS

LAND ACRES

0.82 AC

LAND SF

35,719 SF

ZONING

SI-C2,Cleveland

APN/PARCEL ID

133-20-024A

ASK ABOUT THIS PROPERTY

Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

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Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

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