AutoZone 3002 Clark Ave 6,840 SF Retail Building Cleveland, OH 44109 $1,255,000 ($183.48/SF) 4.65% Cap Rate
INVESTMENT HIGHLIGHTS
- Corporate Guarantee | S&P Credit Rating "BBB" | Absolute Net Lease ZERO Landlord Responsibilities | 10+ Years Remaining
- Unique All-Brick Construction | Save A Lot Outlot | Proximity to Main Traffic Generators - Interstates 90, 490 and 71
- Average Household Income In a 5-Mile Radius Exceeds $58,000
- Below Market Rent | Attractive Replaceable/Low Rent ($8.82/SF) | Priced Below Replacement Cost | $183/SF
- Dense Infill Location | 288,000 People Within 5 Miles Of The Subject Property
- Less Than 1 Mile To The Metro Health Medical Center Main Campus (732-Bed Facility)
EXECUTIVE SUMMARY
Corporate Guarantee | S&P Credit Rating "BBB" | Absolute Net Lease - ZERO Landlord Responsibilities | 10+ Years Remaining
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,840 SF
Building Class
C
Year Built
2005
Price
$1,255,000
Price Per SF
$183.48
Cap Rate
4.65%
NOI
$58,358
Tenancy
Single
Building Height
1 Story
Building FAR
0.83
Lot Size
0.19 AC
Opportunity Zone
Yes
Zoning
GR-C2
Frontage
104’ on Clark Ave
Walk Score®
Very Walkable (87)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 007-26-026 | Improvements Assessment | $193,900 |
| Land Assessment | $8,890 | Total Assessment | $202,790 |
