2007 Brookpark Rd Cleveland, OH 44109

This exceptional investment opportunity presents a fee-simple, 10,236 square foot CVS Pharmacy in Cleveland, Ohio. Located at a hard corner, signalized intersection on Brookpark Road in Parma, this 24-hour store boasts a strong 14.6-year remaining lease term (with 5-year options at 5% rent increases) and a credit-rated tenant. The property, built in 2000, sits on a 1.53-acre lot and benefits from a triple-net (NNN) lease, eliminating landlord responsibilities. The current net operating income (NOI) is $420,000, yielding a 5.65% cap rate. The property's prime location within the Cleveland MSA, with a 5-mile population of 283,453, ensures consistent high traffic and revenue. The recent 20-year lease extension by CVS demonstrates their long-term commitment to this successful location. This is a rare opportunity to acquire a stable, high-performing asset with significant upside potential. The asking price is $7,433,628, translating to $726.22 per square foot. This investment offers a secure, passive income stream with minimal management requirements. The property's strong tenant, favorable lease terms, and strategic location make it an ideal addition to any portfolio.