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Dollar General 3070 Mayfield Rd 8,333 SF Retail Building Cleveland Heights, OH 44118 $1,250,000 ($150.01/SF) 7.32% Cap Rate
EXECUTIVE SUMMARY
Just under 8 years of term remaining!
DiFranco CRE is pleased to present the opportunity to acquire fee simple ownership of an 8,333 SF Dollar General located at 3070 Mayfield Road in Cleveland Heights, Ohio. This well-positioned urban infill asset sits along one of the east side’s busiest commercial corridors, benefiting from 32,737 vehicles per day along Mayfield Road (SR-322) and exceptional visibility to both commuter and neighborhood traffic. Dollar General operates under a long-term lease with minimal Landlord responsibilities, providing passive, predictable income backed by one of the nation’s most successful and resilient retailers.
DiFranco CRE is pleased to present the opportunity to acquire fee simple ownership of an 8,333 SF Dollar General located at 3070 Mayfield Road in Cleveland Heights, Ohio. This well-positioned urban infill asset sits along one of the east side’s busiest commercial corridors, benefiting from 32,737 vehicles per day along Mayfield Road (SR-322) and exceptional visibility to both commuter and neighborhood traffic. Dollar General operates under a long-term lease with minimal Landlord responsibilities, providing passive, predictable income backed by one of the nation’s most successful and resilient retailers.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,333 SF
Building Class
B
Year Built
2011
Price
$1,250,000
Price Per SF
$150.01
Cap Rate
7.32%
NOI
$91,520
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
0.82 AC
Zoning
C2 - Commercial
Parking
23 Spaces (2.76 Spaces per 1,000 SF Leased)
Frontage
151’ on Mayfield Rd
AMENITIES
- Signalized Intersection
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Walk Score®
Very Walkable (71)
NEARBY MAJOR RETAILERS
1 of 10
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Dollar General | 3070 Mayfield Rd
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