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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 Seller to credit 100% of the future free rent period via US Treasuries at closing or cash equivalent ($1,070,000)
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,013 SF
Building Class
B
Year Built
2009
Price
$5,760,800
Price Per SF
$442.70
Cap Rate
7.61%
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 | $136,115 |
| Land Assessment | $172,270 | Total Assessment | $308,385 |
Property Taxes
Parcel Number
642-08-084
Land Assessment
$172,270
Improvements Assessment
$136,115
Total Assessment
$308,385
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