Freestanding Auto Parts
For Sale
Contact for pricing
3121 Clark Ave, Cleveland, OH 44109
Fee-simple freestanding O’Reilly Auto Parts with a corporate-guaranteed lease in place since 2012.
Days on Market112
Property Features for 3121 Clark Ave
General Information
Standard status
Active
Property subtype
Retail
Additional Details
Cap Rate
7%
Building Details
Tenancy
Single
Listing Agency:
Goodman Real Estate Services Group LLC
(216) 381-8200
Listed By:
Kyle Hartung · License #OH SAL.2003016343
Source:
Crexi
Added: Apr 10
Changed: Jul 22
Last Checked: Jul 23 at 4:14PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Goodman Real Estate Services Group LLC
Investment Insights
Based on property information with market context.
Fee-simple interest is being offered in a freestanding O’Reilly Auto Parts location. O’Reilly has been the tenant at the property since 2012 and is currently paying $5.65 PSF. The lease includes rental increases, designed to provide an investor a hedge against inflation. This is a passive investment opportunity supported by a corporate guaranty from O’Reilly Auto Parts (NASDAQ: ORLY).
The property is located on Clark Avenue in Cleveland, Ohio. Nearby retailers include McDonald’s, Burger King, KFC, Walgreens, Dollar General, Family Dollar, Save-A-Lot, Advance Auto Parts, Boost Mobile, Popeyes, and Steelyard Commons, which features major national tenants such as Walmart, Home Depot, Target, Chipotle, Burlington, Marshalls, Taco Bell, Applebee’s, IHOP, Five Guys, Steak ’n Shake, Party City, Sprint, GameStop, and Petco.
The offering also notes approximately 130,829 people within a three-mile radius.
The property is located on Clark Avenue in Cleveland, Ohio. Nearby retailers include McDonald’s, Burger King, KFC, Walgreens, Dollar General, Family Dollar, Save-A-Lot, Advance Auto Parts, Boost Mobile, Popeyes, and Steelyard Commons, which features major national tenants such as Walmart, Home Depot, Target, Chipotle, Burlington, Marshalls, Taco Bell, Applebee’s, IHOP, Five Guys, Steak ’n Shake, Party City, Sprint, GameStop, and Petco.
The offering also notes approximately 130,829 people within a three-mile radius.
Key Highlights
- Fee‑simple interest in a freestanding O’Reilly Auto Parts on Clark Avenue in Cleveland, Ohio
- O’Reilly Auto Parts tenancy since 2012; currently paying $5.65 PSF
- Offered at a 7% cap rate with a corresponding price of $1,049,571
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
133
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44109, OH
39,121
Population
19,588
Households
2
Avg Household Size
36
Median Age
17%
College-Educated
81%
High-School Grad
7.1 sq mi
ZIP Area
5,510
Density / Sq Mi
$43,130
Median Household Income
$34,050
Median Earnings
$861
Median Rent
$112,700
Median Home Value
Market
Vacancy Rate% for Retail in Cleveland, OH
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Frequently Asked Questions
What type of property is this?
Auto shop - Fee-simple freestanding O’Reilly Auto Parts with a corporate-guaranteed lease in place since 2012.
Where is this auto shop located?
The property is located at 3121 Clark Ave Cleveland, OH.
What are key features of this property?
This property features: Fee‑simple interest in a freestanding O’Reilly Auto Parts on Clark Avenue in Cleveland, Ohio; O’Reilly Auto Parts tenancy since 2012; currently paying $5.65 PSF; Offered at a 7% cap rate with a corresponding price of $1,049,571
