Cap Rate
8.50%
Gross SQFT
32,680
Leasable Area
14,136 SF
Term Remaining
±5.25 YRS
Property Type
Retail
INVESTMENT HIGHLIGHTS
- ±5.25-Years remaining on a recently extended lease
- Early lease renewals prove the tenants commitment to the location and market
- Four, 3-Year renewal options remaining; all of which include a 7% rental increase
- The subject property is strategically located in a dense retail corridor; nearby traffic generations include Bridgestone Americas Technology Center Firestone Stadium, FedEx Ship Center, and many more.
- Family Dollar has successfully operated at this location since 2002, a 20 year operating history which further proves their success at this location
- Traffic counts on Main St exceed ±19,000 vehicles daily
- Corporately guaranteed lease
- 3-Mile population of ±84,162 residents
- 5-Mile population of ±191,065 residents
- Average household income considered to be family dollar’s “sweet-spot”
Broker of Record
- Kyle Matthews
- License No. REC.2022007141 (OH)
- (866) 889-0550
- Matthews Real Estate Investment Services, Inc
- 950 Main Ave.,
Suite 510, Cleveland, OH 44113