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11011 Lorain Ave Cleveland, OH 44111

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For Sale
$915,000

Freestanding 10,346 SF building with long-term tenant in place.

Property size:
10,346 SF

Property Features for 11011 Lorain Ave

General Information

Standard status
Active
Size
10,346 SF

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Listing Contact
Joseph Khouri
Joseph Khouri
Source: Cbre

Listing Agency: CBRE - Cleveland Listing Agent: Joseph Khouri

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Freestanding Retail Building For Sale

This 10,346 square foot freestanding building is available for sale. The property has a long-term operating history since 1991. The current lease expires January 31, 2030, with two additional 5-year options, each including $5,000 rent increases. The lease is structured as a NNN lease, with the tenant responsible for all maintenance, including structure, roof, and HVAC repair or replacement. The property has been occupied since 1991, first by Murray's Auto and then by O'Reilly since 2010. A Phase 1 and Phase 2 environmental report was completed in 2026. The property is located across from West Town Square shopping center and minutes from Target, Giant Eagle, and Home Depot. The surrounding area has a dense market with a population of 164,126 people within a 3-mile radius and a daytime population of 131,593. The location benefits from high traffic counts of 12,719 vehicles per day.
Location Intelligence

Current Use by Public Records

O'Reilly Auto Parts Auto Parts Store

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

U-Haul Neighborhood Dealer, U-Haul Neighborhood Dealer, CLE Auto Rental

Location Insight

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  • Local Demand
City
Cleveland
County
Cuyahoga
State
Ohio
Longitude
-81.7629491
Latitude
41.46353

FAQs

What type of property is this?
Automotive property - Freestanding 10,346 SF building with long-term tenant in place.
Where is this automotive property located?
The property is located at 11011 Lorain Ave Cleveland, OH.
What is the asking price?
The asking price for this property is $915,000.
What are key features of this property?
This property features: - Long-term NNN lease with O'Reilly (expires January 31, 2030) and two 5-year options with rent increases.; - Strong tenant performance: **Top 9% of O'Reilly stores in Ohio.**; - Stable income stream: **$63,000 annual rent with built-in increases.**
More about this property
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