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3171 West Blvd
Cleveland, OH 44111
CVS · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Built in 2000 with a modern design and versatile space, offering a contemporary retail environment
- Average household income of $65k+ within a 3-mile radius
- Ranked in the 83rd percentile of CVS stores Statewide for store visits according to Placer.ai
- Triple Net (NNN) lease structure with zero Landlord responsibilities
- 13,000+ Vehicles per day on Lorain Avenue
EXECUTIVE SUMMARY
Exclusive Realty is pleased to present this exceptional 11,625 SF CVS Pharmacy, boasting a prime location in Cleveland. Constructed in 2000, this well maintained building consists of one spacious unit, offering a versatile space for retail businesses. Zoned LR-C1, the property provides an ideal environment for a wide range of retail ventures. With ample parking and easy access, it caters to both tenants and customers. The modern design and layout of the property further enhance its appeal, providing a ready canvas for customization and branding. Positioned in a thriving commercial area, this property presents an excellent opportunity for investors seeking a valuable asset in the Cleveland
market.
market.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
11,625 SF
Building Class
B
Year Built
2000
Price
$6,109,720 CAD
Price Per SF
$525.57 CAD
Cap Rate
6.50%
NOI
$397,132 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.75 AC
Zoning
GR, Cleveland - General Retail
Parking
62 Spaces (5.33 Spaces per 1,000 SF Leased)
Frontage
284’ on West Blvd
AMENITIES
- Drive Thru
- Monument Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 017-09-002 | Improvements Assessment | $583,446 CAD |
| Land Assessment | $294,305 CAD | Total Assessment | $877,751 CAD |
PROPERTY TAXES
Parcel Number
017-09-002
Land Assessment
$294,305 CAD
Improvements Assessment
$583,446 CAD
Total Assessment
$877,751 CAD
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