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Family Dollar | 2020 H2 Remodel ($150k) | Cleveland MSA | NN Lease with 6 Years remaining

3470 E 93rd St, Cleveland, OH 44104

Listing Price: $1,446,457

Cap Rate
7.00%
Tenant Name
Family Dollar
Years Remaining On Lease
5.6
Guarantor
Corporate Guarantee
Rentable SF
9,160
Lease Type
Double Net
Rent Per Square Feet
$11.33

Investment Overview

Marcus & Millichap is pleased to bring to market Family Dollar located approximately five miles from Downtown Cleveland, Ohio.

Investment Highlights

  • Approximately Six Years Remaining on a Double Net Lease | Landlord Only Responsible for Parking Lot Roof and Structure
  • Family Dollar has Shown a Strong Commitment to this Location by Extending Nearly Two Years Early | 15 Years of Occupancy | Five, Five-Year Options with 10 Percent Rental Increases
  • Tenant Invested $150,000 to Remodel Store to H2 in 2020 | Features More Freezer and Cooler Doors to Allow for a Broader Selection of Products
  • Hard Corner Location | Signalized Intersection with Dedicated Turn Lanes | E 93rd Street and Union Avenue with Over 22,300 Vehicles per Day Combined
  • Located Across From East Prep and Village Prep Woodland Hills Charter Schools (Over 700 Students in 2022)
  • Subject Property is Positioned Directly Across E 93rd Street from Cleveland Public Library - Union Branch
  • Over 24 Percent Median Household Income Growth Within Five Miles Since 2000 with Nearly 10 Percent Growth Projected in the Next Five Years
  • Over 330,200 Residents and Over 458,000 Employees Within Five Miles Located Approximately Five Miles from Downtown Cleveland | Cleveland-Elyria MSA

Exclusively Listed By

Financing By

Discount

Family Dollar | 2020 H2 Remodel ($150k) | Cleveland MSA | NN Lease with 6 Years remaining

Listing Price: $1,446,457

Cap Rate
7.00%
Tenant Name
Family Dollar
Years Remaining On Lease
5.6
Guarantor
Corporate Guarantee
Rentable SF
9,160
Lease Type
Double Net
Rent Per Square Feet
$11.33

Investment Highlights

  • Approximately Six Years Remaining on a Double Net Lease | Landlord Only Responsible for Parking Lot Roof and Structure
  • Family Dollar has Shown a Strong Commitment to this Location by Extending Nearly Two Years Early | 15 Years of Occupancy | Five, Five-Year Options with 10 Percent Rental Increases
  • Tenant Invested $150,000 to Remodel Store to H2 in 2020 | Features More Freezer and Cooler Doors to Allow for a Broader Selection of Products
  • Hard Corner Location | Signalized Intersection with Dedicated Turn Lanes | E 93rd Street and Union Avenue with Over 22,300 Vehicles per Day Combined
  • Located Across From East Prep and Village Prep Woodland Hills Charter Schools (Over 700 Students in 2022)
  • Subject Property is Positioned Directly Across E 93rd Street from Cleveland Public Library - Union Branch
  • Over 24 Percent Median Household Income Growth Within Five Miles Since 2000 with Nearly 10 Percent Growth Projected in the Next Five Years
  • Over 330,200 Residents and Over 458,000 Employees Within Five Miles Located Approximately Five Miles from Downtown Cleveland | Cleveland-Elyria MSA

Investment Overview

Marcus & Millichap is pleased to bring to market Family Dollar located approximately five miles from Downtown Cleveland, Ohio.

Exclusively Listed By

Financing By

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