16100 Lake Shore BlvdCleveland, OH 44110

For Sale
$577,600

Cleveland Retail Property - 20-Year Lease

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional retail investment opportunity presents a 2,100 square foot property located at 16100 Lakeshore Blvd in Cleveland, Ohio, 44110. The property boasts a strong 4.50% capitalization rate, generating a net operating income (NOI) of $25,992 annually. The asking price is $577,600. This is a single-tenant, absolute NNN lease, providing a passive income stream with minimal landlord responsibilities. The lease commenced on May 8, 2019, and has a remaining term of 20 years, expiring on May 8, 2039, offering long-term stability and predictable cash flow. The property sits on a 0.459-acre lot and is situated in a high-diversity area with numerous retailers and restaurants nearby. The convenient location also benefits from the presence of apartment buildings directly across the street, ensuring a consistent customer base. This is an ideal investment for those seeking a low-maintenance, high-return retail property in a thriving Cleveland location. The property type is retail.

Highlights

  • Absolute NNN lease with single tenant.
  • Excellent investment opportunity.
  • Located in a diverse, high-traffic area.
  • Across the street from apartment complexes.
  • Strong retail and restaurant presence nearby.

Property Details for 16100 Lake Shore Blvd

Property type
Other retail properties, Retail properties
Square Feet
2,100 SF
Lot Size (sq. ft)
19,994 SF

Location Insight

City
Cleveland
County
Cuyahoga
State
Ohio
Latitude
41.5793634
Longitude
-81.5685461
16100 Lake Shore Blvd, Cleveland, Ohio

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16100 Lake Shore Blvd
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