3415 Clark AveCleveland, OH 44109

This exceptional investment opportunity presents a 14,820-square-foot Walgreens located at 3415 Clark Ave, Cleveland, OH 44109, in Cuyahoga County. The property sits on a 1.45-acre lot and boasts a strong absolute NNN lease with a corporate guarantee from Walgreens (NASDAQ:WBA), minimizing landlord responsibilities. The lease commenced July 22, 2007, and has a remaining term of approximately 9.2 years, expiring January 30, 2034. The asking price is $5,151,515, representing a price per square foot of $347.61 and an attractive 8.25% cap rate, with a current net operating income (NOI) of $425,000. This strategically positioned retail property benefits from high visibility at a signalized intersection of Clark Ave and Fulton Rd, experiencing 9,307 vehicles per day and convenient ingress/egress. The location enjoys dense demographics, with 128,997 residents within a 3-mile radius and proximity to the 490/90 interchange providing easy access to Downtown Cleveland. Nearby businesses include Dollar General, Little Caesars Pizza, Burger King, McDonald's, KFC, Family Dollar, and Rally's. This is a compelling investment opportunity due to its strong tenant, long lease term, and favorable financial metrics.