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CVS Pharmacy | Cleveland, OH 14025 Puritas Ave 10,125 SF Retail Building Cleveland, OH 44135 $2,851,765 CAD ($281.66 CAD/SF) 7.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New Roof Installed Fall of 2023 Ensuring Little to No Landlord Work in the Future .
- The Commonwealth Companies Plans to Spend $14 Million on a New 48 Unit Senior Housing Development Set to Open in 2025.
- Strong Demographics With a Population of 347,421; Residents Making an Average Household Income of $77,078 Within a 5-Mile Radius.
- Outparcel to a Save A Lot Grocery Anchored Shopping Center.
- Located Just Off Puritas Avenue, Which Sees Over 12,509 VPD.
- Nearby Retailers Include: Pizza Hut, Save A Lot, AutoZone, Burger King, McDonald’s, Walgreens and Many More.
EXECUTIVE SUMMARY
Magna Carta Investment Group is Pleased to Exclusively Offer For Sale the 10,125 SF CVS Located at 14025 Puritas Avenue in Cleveland, OH. This Deal is Located Just Off Puritas Avenue, Which Sees Over 12,509 VPD, Providing For a Secured Investment.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
10,125 SF
Building Class
C
Year Built
1963
Price
$2,851,765 CAD
Price Per SF
$281.66 CAD
Cap Rate
7.25%
NOI
$206,749 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
6.70 AC
Zoning
SC - Shopping center, retail
Parking
15 Spaces (1.48 Spaces per 1,000 SF Leased)
Frontage
482’ on PURITAS AVE
AMENITIES
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- CVS
- Retailer
- 10,125 SF
- $1.70 CAD
- Double Net
- Jan 2033
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| CVS | Retailer | 10,125 SF | $1.70 CAD | Double Net | Jan 2033 |
Walk Score®
Very Walkable (73)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 023-22-003 | Improvements Assessment | $1,080,370 CAD |
| Land Assessment | $533,359 CAD | Total Assessment | $1,613,728 CAD |
PROPERTY TAXES
Parcel Number
023-22-003
Land Assessment
$533,359 CAD
Improvements Assessment
$1,080,370 CAD
Total Assessment
$1,613,728 CAD
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CVS Pharmacy | Cleveland, OH | 14025 Puritas Ave
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