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