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Family Dollar 7415 Superior Ave 7,076 SF Retail Building Cleveland, OH 44103 $892,875 CAD ($126.18 CAD/SF) 9.10% Cap Rate
Investment Highlights
- Double-Net (NN) Lease Structure – Tenant is responsible for all property-related expenses except roof and structural repairs.
- Dense Residential Infill – The property is surrounded by numerous established residential neighborhoods
- Strong Traffic Counts – The property benefits from exposure to approximately 14,879 vehicles per day along Superior Avenue and 3,435 vehicles per day.
- Strong Demographics – Population exceeds 14,720 residents within 1 mile and 232,527 residents within 5 miles
- Long-Term Operating History – Tenant has successfully operated at the subject property since 2006, demonstrating a strong commitment to the location.
Executive Summary
Double-Net (NN) Lease Structure – Tenant is responsible for all property-related expenses except roof and structural repairs.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
7,076 SF
Building Class
B
Year Built
1991
Price
$892,875 CAD
Price Per SF
$126.18 CAD
Cap Rate
9.10%
NOI
$81,252 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.35
Lot Size
0.46 AC
Zoning
LR
Parking
26 Spaces (3.57 Spaces per 1,000 SF Leased)
Frontage
94’ on Superior Ave
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 105-33-021 | Improvements Assessment | $174,230 CAD |
| Land Assessment | $34,008 CAD | Total Assessment | $208,238 CAD |
Property Taxes
Parcel Number
105-33-021
Land Assessment
$34,008 CAD
Improvements Assessment
$174,230 CAD
Total Assessment
$208,238 CAD
Contacts
-
Deno Bistolarides -
Michael Gaggo -
Brandon Hanna -
Encore Real Estate Investment Services
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Family Dollar | 7415 Superior Ave
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