9300 Miles Avenue
$850,000
9300 Miles Avenue Cleveland, OH 44105
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About this listing
Family Dollar STNL Investment Opportunity!
Freestanding Family Dollar retail stores provide an attractive combination of a long-term lease and a growing market concept that continues to capture value conscious shoppers, which boosts store productivity.
Current term expires 12/31/28 with three, five (5) year options
Convenient ingress/egress at signaled intersection
10% Increases with each Renewal Term
50 free surface parking spaces.
Landlord responsible for roof, structure, and capital expenses.
Located at the busy intersection of Miles Avenue and 93rd Street, this Family Dollar is immediately surrounded by six churches, an elementary school, the Cuyahoga Housing Authority, and various industries all of which drive up traffic throughout the day. Freestanding Family Dollar retail stores provide an attractive combination of a long-term lease and a growing market concept that continues to capture value conscious shoppers, which boosts store productivity.
Four (4) Years, Nine (9) Months Remaining on Family Dollar Lease! Currently paying $84,000/yr. through 12/31/2028 Three, five (5) year options breakdown: First Option 1/1/2029: 1/1/2024: $7,542.34/month ($90,508.08/ann.) Second Option 1/1/2034: $8,296.59/month ($99,559.08/ann.) Third Option 1/1/2039: $9,126.25/month ($109,515.00/ann.)
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Cap Rate
9.88%
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NOI
$84,000
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Building Size
8,000 sqft
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Lot Area
0.67 acres
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MLS ID
688831
