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    Advance Auto Parts Investment Opportunity Title is generated by Realmo AI

    7440 Broadway Ave, Cleveland, OH 44105

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    Retail property with long-term lease and stable income stream.

    Type:Retail
    Property size:
    7,000 SF
    Lot size:
    0.82 Acres
    Price / SF:
    $160/SF
    Added:
    Mar 17, 2026
    Days on Market:
    109
    Last Refresh:
    Mar 20 at 12:00 am

    Property Features for 7440 Broadway Ave

    General Information

    Standard status
    Active
    Size
    7,000 SF
    Lot size
    0.82 Acres
    Property subtype
    Retail

    Building Details

    Year Built
    2005

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    Deno Bistolarides
    Deno Bistolarides

    Listing office Encore Real Estate Investment Services

    Listing date Mar 17, 2026

    Source Crexi

    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 Encore Real Estate Investment Services

    HighLights

    • Long‑term lease with Advance Auto Parts, a reputable national tenant
    • Attractive 7.01% CAP rate and $78,840 Net Operating Income (NOI)
    • Prime location in Cleveland with high traffic volume (18,000+ vehicles daily)
    • Tenant is responsible for maintenance expenses
    • Relatively new construction (built in 2005)
    • Advance Auto Parts has a strong market presence with a $9.6 billion market cap

    Overview

    The property at 7440 Broadway Ave, Cleveland, OH 44105, is a retail center available for sale. The building has a size of 7,000 square feet and is situated on 0.82 acres of land. The property generates a net operating income of $78,840 and has a CAP rate of 7.01%. The property is currently leased to Advance Auto Parts, a company with a significant market presence. The tenant is responsible for maintenance expenses. Located in a metropolitan market, the property benefits from high traffic volume, with over 18,000 vehicles passing by daily. This property offers a stable income stream and is suited for automotive services.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $105.0k $15.00
    − Vacancy −$8.9k −$1.28
    EGI $96.1k $13.73
    − OpEx −$28.8k −$4.12
    NOI $67.3k $9.61
    7,000 SF · lease $15.00/SF/yr · vacancy 8.50% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $960.8K
    $840.7K – $1.12M (±1% cap)
    NOI $67,253 @ 7.0% cap · market cap 5.98%
    Second Best
    Industrial
    $410.8K
    $359.5K – $479.3K (±1% cap)
    NOI $28,758 @ 7.0% cap · market cap 2.56%
    Theoretical Best
    Office A
    $1.71M
    $1.49M – $1.99M (±1% cap)
    NOI $119,576 @ 7.0% cap · market cap 10.63%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Advance Auto Parts Auto Parts Store UPS Access Point ... Courier Service

    Suggested Use

    Real Estate Agency Law Firm Gym & Fitness Center Dental Office Spa & Massage Center Hair Salon Skin Care Clinic Accounting Firm Nursing Home (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.6364935
    Latitude
    41.4556255

    FAQs

    What type of property is this?
    Automotive property - Retail property with long-term lease and stable income stream.
    Where is this automotive property located?
    The property is located at 7440 Broadway Ave Cleveland, OH.
    What is the asking price?
    The asking price for this property is $1,125,000.
    What are key features of this property?
    This property features: Long‑term lease with Advance Auto Parts, a reputable national tenant; Attractive 7.01% CAP rate and $78,840 Net Operating Income (NOI); Prime location in Cleveland with high traffic volume (18,000+ vehicles daily)
    More about this property
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