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Family Dollar

4042 Warrensville Center Rd, Warrensville Heights, OH 44122

Listing Price: $1,475,000

Cap Rate
7.10%
Tenant Name
Family Dollar
Years Remaining On Lease
7.0
Guarantor
Corporate Guarantee
Rentable SF
11,040
Lease Type
Double Net
Rent Per Square Feet
$9.50

Investment Overview

Marcus & Millichap is pleased to offer for sale the 100 percent fee simple interest in 4042 Warrensville Center Road (The Property), a 11,040-square-foot building in which Family Dollar has just executed a seven-year net lease. The Property is in Warrensville Heights, OH a southeast suburb of Cleveland, positioned 14 miles from downtown. The Property sits at the hard corner and signalized intersection of Warrensville Center Road and Harvard Avenue, providing maximum visibility to the over 40,000 VPD that pass by daily. The Property is also adjacent to the Cleveland Clinic South Point Hospital, a 175-bed acute care facility and is just a few blocks from the primary Elementary, Middle and High Schools in the town; the Warrensville Center Road and Harvard Avenue intersection is considered the gateway into town. This offering presents the opportunity to acquire a newly executed corporately guaranteed Family Dollar lease with notable increases into the options in the densely populated Warrensville Heights, OH submarket.

Investment Highlights

  • Brand New Seven Year Family Dollar Corporate Lease with Minimal Landlord Responsibilities
  • Hard Corner of Warrensville Center Road and Harvard Avenue – 40,000+ VPD Intersection
  • Adjacent to Cleveland Clinic South Pointe Hospital – 175 Bed Acute Care Facility
  • Densely Populated Suburb of Cleveland, OH – 115,000+ Households in Five-Mile Radius

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s) OH: BRK.2007005898

    Ohio

Listing Price: $1,475,000

Cap Rate
7.10%
Tenant Name
Family Dollar
Years Remaining On Lease
7.0
Guarantor
Corporate Guarantee
Rentable SF
11,040
Lease Type
Double Net
Rent Per Square Feet
$9.50

Investment Highlights

  • Brand New Seven Year Family Dollar Corporate Lease with Minimal Landlord Responsibilities
  • Hard Corner of Warrensville Center Road and Harvard Avenue – 40,000+ VPD Intersection
  • Adjacent to Cleveland Clinic South Pointe Hospital – 175 Bed Acute Care Facility
  • Densely Populated Suburb of Cleveland, OH – 115,000+ Households in Five-Mile Radius

Investment Overview

Marcus & Millichap is pleased to offer for sale the 100 percent fee simple interest in 4042 Warrensville Center Road (The Property), a 11,040-square-foot building in which Family Dollar has just executed a seven-year net lease. The Property is in Warrensville Heights, OH a southeast suburb of Cleveland, positioned 14 miles from downtown. The Property sits at the hard corner and signalized intersection of Warrensville Center Road and Harvard Avenue, providing maximum visibility to the over 40,000 VPD that pass by daily. The Property is also adjacent to the Cleveland Clinic South Point Hospital, a 175-bed acute care facility and is just a few blocks from the primary Elementary, Middle and High Schools in the town; the Warrensville Center Road and Harvard Avenue intersection is considered the gateway into town. This offering presents the opportunity to acquire a newly executed corporately guaranteed Family Dollar lease with notable increases into the options in the densely populated Warrensville Heights, OH submarket.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s): OH: BRK.2007005898

    Ohio

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