Grocery Store
Save-A-Lot
12432 St Clair Ave., Cleveland, OH 44108
Listing Price: $2,433,000
Investment Overview
Marcus & Millichap is pleased to present for sale, Save-A-Lot in Cleveland, Ohio. Save-A-Lot Double-Net Lease with Seven Years Remaining in Cleveland, Ohio. Major 31-Unit Ohio-Based Franchisee with 13 Other Stores in the Cleveland MSA (Plus 17 More in Central/Southern Ohio). Hard-Corner, High Visibility Location at Intersection of St. Clair Ave and E 125th Street with a Combined 17,500 Vehicles per Day. Save-A-Lot is being offered for $2,433,000.
Save-A-Lot
Investment Highlights
- Save-A-Lot Double-Net Lease with Seven Years Remaining in Cleveland, Ohio
- Significant Investment by Franchisee in Store's Long-Term Success – Franchisee Just Acquired Location from Corporate in 2021
- 27-Years of Tenancy – Tenant Since 1996 with History of Four Lease Renewals
- Approximately 6 Percent Scheduled Rent Increase in 2025 with 18 Percent Rent Increase in Next Option
- Double-Net Structure – Minimal Landlord Responsibilities – Roof/Structure/Major HVAC Only
- Dense Infill Location – 19,677 Within One-Mile Population, 114,504 Within Three-Mile Population
- Located Just 0.7-Mile from I-90 Exit Ramps at Eddy Road (126,000 Vehicles per Day)
- Hard-Corner, High Visibility Location at Intersection of St. Clair Ave and E 125th Street with a Combined 17,500 Vehicles per Day.
Exclusively Listed By
Listing Price: $2,433,000
Investment Highlights
- Save-A-Lot Double-Net Lease with Seven Years Remaining in Cleveland, Ohio
- Significant Investment by Franchisee in Store's Long-Term Success – Franchisee Just Acquired Location from Corporate in 2021
- 27-Years of Tenancy – Tenant Since 1996 with History of Four Lease Renewals
- Approximately 6 Percent Scheduled Rent Increase in 2025 with 18 Percent Rent Increase in Next Option
- Double-Net Structure – Minimal Landlord Responsibilities – Roof/Structure/Major HVAC Only
- Dense Infill Location – 19,677 Within One-Mile Population, 114,504 Within Three-Mile Population
- Located Just 0.7-Mile from I-90 Exit Ramps at Eddy Road (126,000 Vehicles per Day)
- Hard-Corner, High Visibility Location at Intersection of St. Clair Ave and E 125th Street with a Combined 17,500 Vehicles per Day.
Investment Overview
Marcus & Millichap is pleased to present for sale, Save-A-Lot in Cleveland, Ohio. Save-A-Lot Double-Net Lease with Seven Years Remaining in Cleveland, Ohio. Major 31-Unit Ohio-Based Franchisee with 13 Other Stores in the Cleveland MSA (Plus 17 More in Central/Southern Ohio). Hard-Corner, High Visibility Location at Intersection of St. Clair Ave and E 125th Street with a Combined 17,500 Vehicles per Day. Save-A-Lot is being offered for $2,433,000.
Exclusively Listed By
