5617 Memphis ave | Cleveland, OH 44144
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- LoopNet Team
5617 Memphis ave
Cleveland, OH 44144
DOLLAR GENERAL · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- List price of $1,851,852 yielding a 6.75% cap rate
- 2023 upgraded brick, built-to-suit construction for Dollar General
- Strong retail synergy with neighboring tenants including but not limited to: McDonald’s, Dairy Queen, O’Reilly Auto Parts, Marathon Gas, Midas, & more
- 15 year lease with over ±14.25 years remaining on the primary term containing five, 5-year options with 10% rental increases
- Absolute NNN lease with zero landlord responsibilities, ideal for investors seeking a passive stream of cash flow
- Strong Corporate Guaranty: from Dollar General Corporation, a Fortune 500 company, boasting a BBB credit rating (S&P) and a $28 billion market cap
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
7,545 SF
Building Class
C
Year Built
2023
Tenancy
Single
Building Height
1 Story
Building FAR
1.00
Lot Size
0.17 AC
Zoning
LR - Local Retail
Frontage
196’ on Memphis Ave
PROPERTY TAXES
| Parcel Number | 013-25-119 | Improvements Assessment | $240,730 |
| Land Assessment | $62,650 | Total Assessment | $303,380 |
PROPERTY TAXES
Parcel Number
013-25-119
Land Assessment
$62,650
Improvements Assessment
$240,730
Total Assessment
$303,380
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