6513 Clark AveCleveland, OH 44102

This exceptional investment opportunity presents a single-tenant, net-leased Family Dollar store located at 6513 Clark Ave, Cleveland, OH 44102. Built in 2016, the 9,120 square foot building sits on a 0.75-acre lot and boasts a strong 9.00% cap rate, generating a net operating income (NOI) of $133,220. The property benefits from a 100% occupancy rate with a credit-rated tenant under a NN+ lease structure. The lease commenced October 7, 2014, and has a remaining term of approximately 1.9 years, with six 5-year renewal options, including a 10% rent increase every five years. Situated at a hard corner with multiple access points, this property offers significant upside potential. The property's location in a densely populated area, just 10 minutes from downtown Cleveland, ensures strong demographics for the dollar store tenant. This is a stabilized investment with a low price per square foot, well below replacement cost, making it an attractive addition to any portfolio. The property's parcel number is 006-30-065. This is a rare opportunity to acquire a high-performing, single-tenant retail property in a prime Cleveland location.