3121 Clark Ave Cleveland, OH 44109

Listing agency Goodman Real Estate Services Group LLC Show Phone

Listed by Kyle Hartung · License #OH SAL.2003016343

Source Crexi

Added: Apr 10 Updated: Jul 22 at 4:23PM Checked: Jul 22 at 4:23PM

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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.

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

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Similar Off Market Nearby

• Walmart Auto Care Centers — 3400 Steelyard Dr, Cleveland, OH 44109
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FAQs

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