For Sale
$5,151,515

3415 Clark Ave Cleveland, OH 44109

High-traffic Walgreens, NNN lease, strong ROI.

Overview

Added:
Jan 24
Days on market:
95
This exceptional investment opportunity presents a freestanding Walgreens located at 3415 Clark Ave, Cleveland, OH 44109. The property boasts a 14,820 square foot building situated on a 1.45-acre lot. This is an absolute NNN lease with zero landlord obligations, providing a passive income stream secured by a corporate guarantee from Walgreens (NASDAQ:WBA). The lease includes fifty (50) years of options with 12-month cancellation rights, ensuring long-term stability. Strategically positioned at a signalized intersection of Clark Ave and Fulton Rd, the property enjoys high visibility with 9,307 vehicles passing daily and excellent ingress and egress. The location benefits from strong demographics, with a significant population within a 3-mile radius. Its proximity to the 490/90 interchange provides easy access to Downtown Cleveland (approximately 10 minutes away). The property is surrounded by complementary businesses, including Dollar General, Little Caesars Pizza, Burger King, McDonald's, KFC, Family Dollar, and Rally's, further enhancing its appeal and potential for continued success. The asking price is $5,151,515, and the property generates a net operating income of $425,000. This is a rare opportunity to acquire a well-established, high-performing Walgreens location in a prime Cleveland location.

Highlights

  • High-traffic corner location in Cleveland, OH, with excellent ingress/egress.
  • NNN lease with zero landlord obligations, corporately guaranteed by Walgreens.
  • Strong demographics; 50-year option period with 12-month cancellation rights.

Property Details for 3415 Clark Ave

Property type
Retail properties
Square Feet
14,820 SF
Price / Square Foot
$347.61
Buildings
1
Stories
1
Elevators
N/A
Lot Size (sq. ft)
63,162 SF
Net Operating Income
$425,000

Location Insight

City
Cleveland
County
State
Ohio

FAQs

What type of property is this?
Retail property - High-traffic Walgreens, NNN lease, strong ROI.
Where is the retail property located?
The property is located at 3415 Clark Ave Cleveland, OH.
What is the asking price?
The asking price for this property is $5,151,515.
What are key features of this property?
This property features: High-traffic corner location in Cleveland, OH, with excellent ingress/egress.; NNN lease with zero landlord obligations, corporately guaranteed by Walgreens.; Strong demographics; 50-year option period with 12-month cancellation rights.
How can I contact the broker?
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3415 Clark Ave
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