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Dollar General & Wing Stop 22530 Lake Shore Blvd 11,494 SF 100% Leased Retail Building Euclid, OH 44123 $1,494,220 ($130/SF) 6.03% Cap Rate



Investment Highlights
- Investment Grade Anchor
- Minimal Landlord Responsibilties
- Strong Demographics
- Upside Potential
- Strategic Retail Location
Executive Summary
Property Facts
Amenities
- Pylon Sign
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
Acceptance Insurance has operated for more than five decades as a personal lines insurance brand and is part of Confie, an insurance distribution company. The company focuses on personal automobile insurance and related products, including renters insurance and supplemental plans, and also offers motorcycle and home coverage. Acceptance Insurance serves customers through agents and neighborhood locations, with a model built around in-person service and coverage options for a wide range of driving backgrounds.
Dollar General began in 1939 as J.L. Turner and Son Wholesale Company, a dry-goods business started by J.L. Turner and Cal Turner Sr., and the first Dollar General store opened in the mid-1950s. The company operates a discount retail model through Dollar General, DG Market, DGX, and pOpshelf formats, serving customers with food, health and wellness products, cleaning and laundry supplies, self-care and beauty items, seasonal décor, private brands, and national labels. Dollar General supports online shopping and positions itself around affordable everyday goods and community-focused services.
State Farm began in 1922 when G.J. Mecherle founded the business in central Illinois as an auto insurance company built around fairness for farmers and other drivers. The company has since grown into a mutual insurer that offers auto, home, renters, life, health, and business coverage, along with financial services and claims support. State Farm’s public materials describe a long-running focus on helping customers manage everyday risks, recover from unexpected events, and plan for the future. Recent company reporting also shows a broad market presence across insurance and related services, with a wide network of agent offices serving millions of policies and accounts.
Wingstop began in 1994 as a small chicken wing restaurant in Texas and expanded into franchising a few years later. The company now operates and franchises a broad restaurant network centered on cooked-to-order chicken wings, boneless wings, tenders, and chicken sandwiches, with a menu that also includes signature sides and housemade ranch and bleu cheese dips. Wingstop's business model is built around hand-sauced, hand-tossed flavor offerings, and the brand has grown into a widely recognized restaurant system with a large international footprint, while most locations are owned by brand partners.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
Finance and Insurance | - | $16.96 | Double Net | Oct 2022 | |
|
Retailer | - | $6.81 | Triple Net | Aug 2027 | |
|
Finance and Insurance | - | $16.59 | Triple Net | Apr 2022 | |
|
Accommodation and Food Services | - | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 644-25-009 | Improvements Assessment | $308,315 |
| Land Assessment | $24,570 | Total Assessment | $332,885 |
Property Taxes
Presented by
Dollar General & Wing Stop | 22530 Lake Shore Blvd
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