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CVS Pharmacy - Leashold Interest 8000 Euclid Ave 11,878 SF Retail Building Cleveland, OH 44103 $2,000,000 ($168.38/SF) 11.57% Cap Rate
Investment Highlights
- CVS Pharmacy With 9+ Years Remaining
- Long Operating Tenant, Rent Commenced 2008
- Located Along Euclid Ave With a Daily Traffic Count of 11,090+ VPD
- Property is Currently a Zero Cash Flow Deal With Pricing Based on Seller Defeasing the Existing Loan at Closing
- Extremely Dense 5-Mile Demographics With Over 271K+ Residents
- CVS is the Largest Company That has Operations Solely in the United States, Operating Close to 10,000 Stores Throughout the Country
Executive Summary
Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a CVS Pharmacy in Cleveland, OH.
Leasehold Interest
Cooperating Broker: Brian Brockman
Bang Realty, Inc | OH #BRK.2009000214
bor@bangrealty.com | (513) 898-1551
Leasehold Interest
Cooperating Broker: Brian Brockman
Bang Realty, Inc | OH #BRK.2009000214
bor@bangrealty.com | (513) 898-1551
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
11,878 SF
Building Class
C
Year Built
2007
Price
$2,000,000
Price Per SF
$168.38
Cap Rate
11.57%
NOI
$231,391
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.74 AC
Opportunity Zone
Yes
Zoning
GR
Parking
63 Spaces (5.3 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Signage
Walk Score®
Very Walkable (81)
Nearby Major Retailers
Property Taxes
| Parcel Number | 119-14-007 | Improvements Assessment | $253,505 |
| Land Assessment | $396,900 | Total Assessment | $650,405 |
Property Taxes
Parcel Number
119-14-007
Land Assessment
$396,900
Improvements Assessment
$253,505
Total Assessment
$650,405
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CVS Pharmacy - Leashold Interest | 8000 Euclid Ave
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