Ace Cash Express Portfolio 3 Retail Properties Offered at $638,771 in Multiple Locations
INVESTMENT HIGHLIGHTS
- Prime Trade Areas: Strategically located in the vibrant Ohio markets of Maple Heights, Cleveland, and East Cleveland.
- High-Visibility Locations: Each property enjoys excellent visibility and accessibility along major thoroughfares.
- Strong Tenant: Populus Financial Group, Inc., d/b/a ACE Cash Express, a leading financial services provider with a proven track record in markets.
- Robust Market Dynamics: Positioned within Greater Cleveland’s bustling retail landscape, the portfolio benefits from dense urban populations.
- High-Yield Opportunity: 10% cap, this portfolio delivers exceptional returns at a low price point.
- Underserved Market Niche: The portfolio capitalizes on the tenant’s focus on underserved communities.
EXECUTIVE SUMMARY
Colliers is proud to present this three-property portfolio leased to Populus Financial Group, Inc., d/b/a ACE Cash Express, strategically located in the desirable Ohio markets of Maple Heights, Cleveland, and East Cleveland. These high-visibility properties, totaling 3,699 SF, are positioned in established commercial corridors with strong traffic counts, ensuring consistent demand for the tenant’s financial services. Priced at an attractive $638,771 with a 10.5% cap rate, this portfolio delivers a high-yield investment opportunity at a low price point, generating an annual NOI of $67,071. This portfolio offers investors a compelling combination of immediate cash flow and significant upside potential in a competitive market.
PROPERTY FACTS
| Price | $638,771 |
| Price / SF | $164.17 / SF |
| Cap Rate | 10.50% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 3,891 SF |
| Total Land Area | 0.81 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 15721 Broadway Ave, Maple Heights, OH 44137 | Retail | 1,350 SF | 1959 | - |
| 14002 Triskett Rd, Cleveland, OH 44111 | Retail | 1,350 SF | 1962 | - |
| 15500 Euclid Ave, East Cleveland, OH 44112 | Retail | 1,191 SF | 1960 | - |
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