25880 Broadway AveBedford, OH 44146

For Sale
$1,440,000

Family Dollar, Bedford, OH - High NOI

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a single-tenant, 8,320 square foot Family Dollar store situated on a 1.15-acre lot in Bedford, Ohio. Built in 2016, the property boasts a strong 8.00% cap rate and a substantial net operating income (NOI) of $115,196. The property benefits from a triple-net (NN+) lease with a credit-rated tenant, ensuring consistent cash flow. The lease, commencing May 12, 2015, has a remaining term of approximately 6.6 years, with six 5-year renewal options, each including a 10% rent increase. Located at the hard corner of Broadway Ave & Alexander Rd, this property offers excellent visibility and accessibility. The property is part of a larger portfolio of Dollar Stores and is offered at $1,440,000. The location is strategically positioned within a densely populated market, just 30 minutes from downtown Cleveland, offering significant growth potential. This is a rare opportunity to acquire a stabilized, high-performing retail asset with a long-term lease and a strong tenant. The property's location and tenant history make it an attractive investment for both seasoned and new investors seeking a stable, high-return investment in the Cleveland MSA. The building is 100% occupied.

Highlights

  • $1,440,000 asking price for a stabilized retail investment.
  • 8,320 square foot building on a 1.15-acre lot in Bedford, Ohio.
  • 100% occupancy with a single tenant: Family Dollar, Dollar General, and Dollar Tree.
  • NN+ lease with approximately 6.6 years remaining, plus six 5-year renewal options with 10% rent bumps every 5 years.
  • 8.00% cap rate with a Net Operating Income (NOI) of $115,196.
  • Built in 2016, located at a hard corner with excellent access.

Property Details for 25880 Broadway Ave

Property type
Lifestyle centers, Power centers
Square Feet
8,320 SF
Year Built
2016
Lot Size (sq. ft)
50,094 SF

Location Insight

City
Bedford
County
Cuyahoga
State
Ohio
Latitude
41.357991030071
Longitude
-81.499924906523
25880 Broadway Ave, Bedford, Ohio

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25880 Broadway Ave
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