$1,400,000 SALE
Retail
8,000 SF
9300 Miles Road
Cleveland, OH 44105 US


Family Dollar STNL Investment Opportunity!


6.5 Years Remaining on Family Dollar Lease! Currently paying $84,000/yr., there is a Rent Increase 1/1/2024: $7,542.34/month ($90,508.08/ann.) Two, five (5) year options breakdown: First Option: $8,296.59/month ($99,559.08/ann.) Second Option: $9,126.25/month ($109,515.00/ann.)


Property Type Retail
Cap Rate Percentage 6
Listing ID W8RWBG
MLS ID 688831
Style Other Style
Building Size 8,000 SF
Lot Size 0.67 AC

Property Highlights

Current term expires 12/31/28 with two, five (5) year options

Landlord responsible for roof, structure, and capital expenses.

10% Increases with each Renewal Term

Convenient ingress/egress at signaled intersection

50 free surface parking spaces.

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.

Property Features
Location: Located at the busy intersection of Miles Road 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.
Additional Media

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