NN Dollar General Investment Sale 3070 Mayfield Road
Cleveland Heights, OH 44118
For Sale
8,333 sqft
Sale Price
$1,228,000
Brochure
Map
Retail For Sale - Available Immediately
7+ Years remaining on Initial Lease Term
Priced below replacement cost
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.
The store is a 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
Cleveland Heights is a high barrier entry market with strong residential housing demand fueled by its appeal to professionals working in University Circle, Case Western Reserve University, and downtown Cleveland.
Located directly across from Cleveland Heights rec center, and minutes from walkable areas, including Cedar Lee, Cedar-Fairmount, Coventry, University Circle and more
Minutes from University Circle, Cleveland’s “Eds & Meds” district consisting of Cleveland Clinic Main Campus, Case Western Reserve (12,266 total students), and UH Cleveland Medical Center.
Get in touch
Joseph Khouri
Kevin Moss
For Sale: $1,228,000 ($147 per foot) on $91,520 base rent (7.45 cap rate)
Total Space Available
8,333 sqft
Sale Price
$1,228,000
Get in touch
Joseph Khouri
Kevin Moss