12915 Buckeye RdCleveland, OH 44120
- Retail properties
- 8,416 SF
Property Details for 12915 Buckeye Rd
- Year built
- 2017
- Lot size
- 0.79 AC
- Property size (Sq ft)
- 8,416 SF
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 129-17-108
- APU
- 12917108
Description
This exceptional investment opportunity presents a single-tenant, net-leased Family Dollar store in Cleveland, Ohio. The property, built in 2013 and renovated the same year, boasts 8,320 square feet on a 0.8-acre lot. Situated at the hard corner of Buckeye Rd and E 130th St, it benefits from high visibility and multiple access points. The property features a NN+ lease with approximately 4.6 years remaining, plus six 5-year renewal options, ensuring long-term stability. Rent increases of 10% every five years are included in the lease options. The tenant, Family Dollar, is credit-rated, providing a secure investment. The property's strong location within a densely populated area, just 15 minutes from downtown Cleveland, contributes to its high occupancy rate of 100%. The current Net Operating Income (NOI) stands at $117,274, yielding an attractive 8.25% cap rate. The asking price is $1,420,000. This offering presents a compelling opportunity to acquire a well-located, stabilized retail asset below replacement cost. The property's strong demographics and long-term lease make it an ideal addition to any investment portfolio. The property's APN is 129-17-108.
Location Insight
- City
- Cleveland
- County
- Cuyahoga
- State
- Ohio
- Latitude
- 41.4801
- Longitude
- -81.5924
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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