9300 Miles Avenue

$1,325,000

9300 Miles Avenue Cleveland, OH 44105

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.

6.5 Years 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.)

  • Cap Rate

    6.34%

  • NOI

    $84,000

  • Building Size

    8,000 sqft

  • Lot Area

    0.67 acres

  • MLS ID

    688831

Map

REQUEST INFORMATION

Yes, I would like more information from Coldwell Banker Commercial ("CBC"). Please use and/or share my information with a CBC agent to contact me about my real estate needs.

By clicking SUBMIT, I agree a CBC agent may contact me by phone or text message including by automated means about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Policy.