25880 Broadway AveBedford, OH 44146

Property Details for 25880 Broadway Ave

Year built

2016

Construction

TYPE NOT SPECIFIED

Lot size

1.15 AC

Property size (Sq ft)

8,505 SF

Zone code

GB

Property type

Retail properties

Property subtype

Retail space

APN

795-22-019

APU

79522019

Description

This exceptional investment opportunity presents a single-tenant, 8,320 square foot Family Dollar store situated on a 1.15-acre lot in Bedford, Ohio. Built in 2016, the property boasts a strong 8.00% cap rate and a substantial net operating income (NOI) of $115,196. The property benefits from a triple-net (NN+) lease with a credit-rated tenant, ensuring consistent cash flow. The lease, commencing May 12, 2015, has a remaining term of approximately 6.6 years, with six 5-year renewal options, each including a 10% rent increase. Located at the hard corner of Broadway Ave & Alexander Rd, this property offers excellent visibility and accessibility. The property is part of a larger portfolio of Dollar Stores and is offered at $1,440,000. The location is strategically positioned within a densely populated market, just 30 minutes from downtown Cleveland, offering significant growth potential. This is a rare opportunity to acquire a stabilized, high-performing retail asset with a long-term lease and a strong tenant. The property's location and tenant history make it an attractive investment for both seasoned and new investors seeking a stable, high-return investment in the Cleveland MSA. The building is 100% occupied.

• CAP approach

  CAP return

  Valuation

  6%

  $2,377,661

  6.5%

  $2,194,764

  7%

  $2,037,995

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,004,805

  Geo Method

  $2,004,805

• Alternative Use

  Use

  Valuation

  Residential

  $1,851,366

  Hospitality

  $1,695,841

  Educational

  $1,410,920

  Medical

  $1,459,443

  Retail

  $2,194,764

Location Insight

City

Bedford

County

Cuyahoga

State

Ohio

Latitude

41.3582

Longitude

-81.5001

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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