28700 Chardon Rd | Willoughby Hills, OH 44092
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- LoopNet Team
28700 Chardon Rd
Willoughby Hills, OH 44092
Absolute NNN CVS at Lighted Intersection · Retail Property For Sale
Investment Highlights
- Rare offering of a fully triple net leased multi-tenant property that totals 17,204 square feet of space in Willoughby Hills, Ohio.
- CVS lease is absolute triple net and requires zero management responsibility, making it an attractive fee simple investment acquisition.
- Asset boasts a premium strategic retail location just off Interstate 90 at a highly visible corner lot on a lighted intersection that sees 31,700 VPD.
- 100% leased to CVS, which has been at the property since 2001 and has expressed a commitment to the location with a renewal through 2029.
- CVS, a publicly traded company, is an investment grade tenant with a rating of BBB and Baa2 with reported revenues of 357.8 billion in 2023.
- CVS has a term through January 2029 with 9, five-year renewal options with the property boasting current net operating income of $375,954.
Property Facts
Property Type
Retail
Property Subtype
Building Size
17,204 SF
Building Class
C
Year Built/Renovated
1980/2020
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Lot Size
1.47 AC
Zoning
B - Business, general
Amenities
- Corner Lot
1 of 1
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