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22001 Lake Shore Blvd
Euclid, OH 44123
Retail Property For Sale
Investment Highlights
- TERM REMAINING (8.5 YEARS) - Primary Term expires July 31, 2034. CVS has operated from this location since 2009.
- OPEN 24 HOURS + DRIVE THRU PHARMACY - High performing store with 15+ Year operating history.
- 1.6 MILES FROM CLEVELAND CLINIC, EUCLID HOSPITAL Cleveland Clinic is one of the world’s largest healthcare systems in the world.
- ABSOLUTE NET BOND LEASE - No Landlord Responsibilities.
- ACTIVE RETAIL TRADE AREA - The property is positioned near numerous other national credit tenants including ALDI, Wendy’s, Chase Bank and more.
- 1.9 MILES FROM A 650,000 SF AMAZON FULFILLMENT CENTER - Major employment base employing over 2,000 employees.
Executive Summary
Rent Holiday: 8/2031 - 7/2034
Price is Inclusive of Full Credit for the Rent Holiday
Price is Inclusive of Full Credit for the Rent Holiday
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,013 SF
Building Class
B
Year Built
2009
Price
$4,874,674
Price Per SF
$374.60
Cap Rate
9%
NOI
$438,594
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.55 AC
Zoning
U4
Parking
50 Spaces (6.54 Spaces per 1,000 SF Leased)
Frontage
Amenities
- 24 Hour Access
- Drive Thru
Property Taxes
| Parcel Number | 642-08-084 | Improvements Assessment | $383,705 |
| Land Assessment | $236,915 | Total Assessment | $620,620 |
Property Taxes
Parcel Number
642-08-084
Land Assessment
$236,915
Improvements Assessment
$383,705
Total Assessment
$620,620
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