8000 Euclid AveCleveland, OH 44103

This exceptional investment opportunity presents a CVS Pharmacy net leasehold interest in Cleveland, Ohio. The property, located at 8000 Euclid Ave, boasts 11,878 square feet on a 1.74-acre lot and is situated in a high-traffic area with strong demographics. Built in 2007, the single-tenant building enjoys 100% occupancy with a credit-rated corporate guarantor, CVS Pharmacy. The absolute NNN lease commenced September 4, 2008, and has a remaining term of approximately 9.2 years, expiring January 30, 2034. The lease includes four 5-year renewal options with a 5% rent increase each time. The current asking price is $2,000,000, representing a price per square foot of $168.38 and an attractive 11.57% cap rate based on a net operating income (NOI) of $231,391. The lease features 5% rent bumps every 10 years. This is a land sublease only. The property benefits from a daily traffic count exceeding 11,090 vehicles per day on Euclid Avenue, and serves a dense population exceeding 271,000 residents within a 5-mile radius. This offering presents a compelling opportunity for investors seeking a stable, long-term net lease investment with a strong tenant and attractive financial metrics.