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16122 Lakeshore Blvd
Cleveland, OH 44110
Commerce de détail Propriété À vendre
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- Established National Anchors: AutoZone (investment-grade credit, S&P BBB) and Family Dollar have long-term commitment to the site.
- Re-Tenanting Opportunity: Family Dollar will go dark in January 2026 but will continue paying full rent and reimbursements through June 2029.
- Rent Growth: Most tenant leases include scheduled rent increases within their renewal options, supporting income growth over time.
- Strong Credit Tenant Mix: 60%+ of the GLA is leased to national, credit-rated tenants, including AutoZone and Family Dollar.
- Lease-Up Potential: Immediate opportunity to lease up 1,600 SF of vacant retail space.
- Major Public Redevelopment Nearby: Property is adjacent to the Collinwood Redevelopment Site, recently acquired by the City of Cleveland for rezoning.
Résumé de l'annonce
Established National Anchors: AutoZone (investment-grade credit, S&P BBB) and Family Dollar have operated at the center since 2006 and 2004, respectively. AutoZone recently extended its lease through 2031 with annual rent increases, underscoring its long-term commitment to the site
Strong Credit Tenant Mix: 60%+ of the GLA is leased to national, credit-rated tenants, including AutoZone and Family Dollar
Re-Tenanting Opportunity: Family Dollar will go dark in January 2026 but will continue paying full rent and reimbursements through June 2029. This gives a buyer the rare opportunity to replace the largest space in the center with a market-rate, fully NNN lease while preserving near-term income
Lease-Up Potential: Immediate opportunity to lease up 1,600 SF of vacant retail space
Rent Growth: Most tenant leases include scheduled rent increases within their renewal options, supporting income growth over time
Major Public Redevelopment Nearby: The property sits adjacent to the Collinwood Redevelopment Site, recently acquired by the City of Cleveland for rezoning and future development—positioning the plaza to benefit from surrounding redevelopment momentum
Excellent Physical Condition: Roof and parking lot are well maintained, with the parking lot recently sealed and striped
Strong Credit Tenant Mix: 60%+ of the GLA is leased to national, credit-rated tenants, including AutoZone and Family Dollar
Re-Tenanting Opportunity: Family Dollar will go dark in January 2026 but will continue paying full rent and reimbursements through June 2029. This gives a buyer the rare opportunity to replace the largest space in the center with a market-rate, fully NNN lease while preserving near-term income
Lease-Up Potential: Immediate opportunity to lease up 1,600 SF of vacant retail space
Rent Growth: Most tenant leases include scheduled rent increases within their renewal options, supporting income growth over time
Major Public Redevelopment Nearby: The property sits adjacent to the Collinwood Redevelopment Site, recently acquired by the City of Cleveland for rezoning and future development—positioning the plaza to benefit from surrounding redevelopment momentum
Excellent Physical Condition: Roof and parking lot are well maintained, with the parking lot recently sealed and striped
Faits sur la propriété
Type de vente
Investissement
Type de propriété
Commerce de détail
Sous-type de propriété
Immeuble de commerce
Taille du bâtiment
21 548 pi²
Classe d’immeuble
C
Année de construction
1992
Prix
4 092 359 $ CAD
Prix par pi²
189,92 $ CAD
Taux de capitalisation
8,43%
Revenu net d’exploitation
344 814 $ CAD
Pourcentage loué
93%
Location
Multiples
Hauteur du bâtiment
1 étage
Coefficient d’occupation des sols de l’immeuble
0,16
Taille du lot
3,09 AC
Zonage
SC
Stationnement
99 places (4,59 places par 1 000 pi² loué)
Façade
Impôts fonciers
| Numéro de lot | 113-17-002 | Évaluation des bâtiments | 415 060 $ CAD |
| Évaluation du terrain | 196 641 $ CAD | Évaluation totale | 611 701 $ CAD |
Impôts fonciers
Numéro de lot
113-17-002
Évaluation du terrain
196 641 $ CAD
Évaluation des bâtiments
415 060 $ CAD
Évaluation totale
611 701 $ CAD
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