3787 Pearl Rd 14,860 SF 100% Leased Retail Building Cleveland, OH 44109 $1,166,666 ($78.51/SF) 9% Cap Rate
INVESTMENT HIGHLIGHTS
- 63,000 Daytime Employees Within a 3 Mile Radius Of The Site
- Approximately 6 Miles East of 3787 Pearl Road, The Drive Typically Takes About 10 Minutes Via I-71 N
- Large Lot And Building With a ±14,800 SF Structure Set On Approximately ±2.00 Acres.
- Cleveland Hopkins International Airport (CLE): Located About 7 Miles Southwest of the Property
EXECUTIVE SUMMARY
Dense Demographics - 15,500+ People Reside Within a 1 Mile Radius 124,000+ People Reside Within a 3 Mile Radius Of The Site. Located Along Pearl Road Over 20,000 Vehicles Pass The Site Daily. The Property Benefits From High Visibility And Accessibility, Making It Suitable For Retail Or Service-Oriented Businesses
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Supermarket
Building Size
14,860 SF
Building Class
B
Year Built
1994
Price
$1,166,666
Price Per SF
$78.51
Cap Rate
9%
NOI
$105,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
1.99 AC
Zoning
LR
Parking
94 Spaces (6.32 Spaces per 1,000 SF Leased)
Frontage
Walk Score®
Very Walkable (71)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 008-24-009 | Improvements Assessment | $412,895 |
| Land Assessment | $152,145 | Total Assessment | $565,040 |
CONTACTS
-
Jay Dakhoo -
Robert Michil -
Joe Shamoun -
Elevate Net Lease Advisors
