AutoZone NNN Ground
For Sale
Contact for pricing
Pending
3002 Clark Ave, Cleveland, OH 44109
Corporate ground lease with scheduled increases and tenant responsibility for property-level expenses.
Property SizeContact for details
Days on Market144
Property Features for 3002 Clark Ave
General Information
Standard status
Pending
Property subtype
Retail
Listing Agency:
Marcus & Millichap - Atlanta
(678) 808-2762
Listed By:
Don McMinn · License #GA 292036
Source:
Crexi
Added: Apr 10
Changed: Aug 30
Last Checked: Aug 30 at 10:43PM
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 Marcus & Millichap - Atlanta
Investment Insights
Based on property information with market context.
Located at 3002 Clark Ave in Cleveland, Ohio, the property is leased to AutoZone under a corporate NNN ground lease. The initial 20-year term has 7 years remaining, followed by four 5-year options. Contractual rent increases are scheduled at 10% during the lease term and each option period. The tenant is responsible for taxes, CAM, insurance, roof, and structural costs.
The site is within a half mile of I-490 and I-71, with reported traffic volumes of 144,695 VPD and 118,569 VPD, respectively. Approximately 2M square feet of retail operates within a 2-mile radius, including Walmart, Home Depot, Target, McDonald's, and Walgreens. MetroHealth System is less than 1 mile away, and the property is located within a designated Opportunity Zone.
The site is within a half mile of I-490 and I-71, with reported traffic volumes of 144,695 VPD and 118,569 VPD, respectively. Approximately 2M square feet of retail operates within a 2-mile radius, including Walmart, Home Depot, Target, McDonald's, and Walgreens. MetroHealth System is less than 1 mile away, and the property is located within a designated Opportunity Zone.
Key Highlights
- AutoZone tenant is publicly traded on the NYSE under AZO and carries a BBB credit rating from S&P
- 20‑year NNN ground lease with 7 years remaining and four 5‑year options
- 10% rent increases apply during the lease term and each of the four option periods
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
822
Businesses Nearby
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Corporate ground lease with scheduled increases and tenant responsibility for property-level expenses.
Where is this nnn property located?
The property is located at 3002 Clark Ave Cleveland, OH.
What are key features of this property?
This property features: AutoZone tenant is publicly traded on the NYSE under AZO and carries a BBB credit rating from S&P; 20‑year NNN ground lease with 7 years remaining and four 5‑year options; 10% rent increases apply during the lease term and each of the four option periods
