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Investment Highlights

  • Investment Grade Anchor
  • Minimal Landlord Responsibilties
  • Strong Demographics
  • Upside Potential
  • Strategic Retail Location

Executive Summary

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the Dollar General Center located at 22530 Lake Shore Boulevard in Euclid, Ohio (the “Property”). The Property consists of an 11,394 square-foot building on 0.40 acres of land. The retail plaza is 100% occupied and is home to four (4) tenants including Dollar General, Wingstop, State Farm Insurance, and Acceptance Insurance. Dollar General has a long operating history at this Property, and the other three tenants are all nationally recognized brands. All four tenants contribute to reimbursements for operating expenses at the Property including real estate taxes, insurance, and common area maintenance. The Property is prominently situated along Lake Shore Boulevard, one of Euclid’s primary retail and commuter corridors, offering strong visibility, frontage, and convenient access. The Dollar General Center is directly adjacent to and shares access and parking with Shore Center Plaza, anchored by Aldi and Burlington, creating synergy with a well-established neighborhood retail hub. The surrounding area features a mix of residential neighborhoods and service-oriented businesses, supporting consistent customer activity. The location is further enhanced by proximity to Interstate 90, U.S. Route 6, and State Route 2, providing seamless access to downtown Cleveland, nearby suburbs, and the broader Northeast Ohio market.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
11,494 SF
Building Class
C
Year Built/Renovated
1947/1960
Price
$1,494,220
Price Per SF
$130
Cap Rate
6.03%
NOI
$90,162
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.66
Lot Size
0.40 AC
Zoning
Commercial
Frontage
74’ on Lakeshore Blvd

Amenities

  • Pylon Sign
  • Signage

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Finance and Insurance
  • -
  • $16.96
  • Double Net
  • Oct 2022

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.

  • Retailer
  • -
  • $6.81
  • Triple Net
  • Aug 2027

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.

  • Finance and Insurance
  • -
  • $16.59
  • Triple Net
  • Apr 2022

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.

  • Accommodation and Food Services
  • -
  • -
  • -
  • -

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 - - - -
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
40/100

Nearby Major Retailers

PNC Bank
Bank of America
Fifth Third Bank
Jazzercise
KeyBank
Rent-A-Center
Dollar Bank
Chase Bank
Citizens Bank
Marc's

Property Taxes

Property Taxes

Parcel Number
644-25-009
Land Assessment
$24,570
Improvements Assessment
$308,315
Total Assessment
$332,885
  • Listing ID: 39384630

  • Date on Market: 2/10/2026

  • Last Updated:

  • Address: 22530 Lake Shore Blvd, Euclid, OH 44123

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