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    CVS Pharmacy in Cleveland, OH Title is generated by Realmo AI

    8000 Euclid Ave, Cleveland, OH 44103

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    CVS Pharmacy in a dense retail area for sale.

    Type:Retail
    Property size:
    11,878 SF
    Price / SF:
    $168/SF
    Added:
    Jan 9, 2025
    Days on Market:
    522
    Last Refresh:
    May 12 at 10:03 pm

    Property Features for 8000 Euclid Ave

    General Information

    Standard status
    Active
    Size
    11,878 SF
    Property subtype
    Retail

    Building Details

    Year Built
    2007

    We can help!

    Listing Contact
    Justin Williams
    Justin Williams

    Listing agent Justin Williams License #TX 767727

    Listing office Trinity Real Estate Investment Services

    Listing date Jan 9, 2025

    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 Trinity Real Estate Investment Services

    HighLights

    • CVS Pharmacy provides a stable, creditworthy tenant.
    • Located in Cleveland, OH.
    • Situated in a dense retail area.
    • High population density with 271K+ residents in a 5‑mile radius.
    • Property was built in 2007.
    • Opportunity to acquire a commercial property.

    Overview

    This property offers the opportunity to acquire a CVS Pharmacy located in Cleveland, OH. Situated within a dense retail area, the location benefits from a substantial population of over 271,000 residents within a 5-mile radius. The property has a size of 11878 square feet.

    Local Financial Insights For Specialty 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 $213.8k $18.00
    − Vacancy −$15.0k −$1.26
    EGI $198.8k $16.74
    − OpEx −$49.7k −$4.19
    NOI $149.1k $12.56
    11,878 SF · lease $18.00/SF/yr · vacancy 7.00% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $2.13M
    $1.86M – $2.49M (±1% cap)
    NOI $149,128 @ 7.0% cap · market cap 7.46%
    Second Best
    Retail
    $1.63M
    $1.43M – $1.90M (±1% cap)
    NOI $114,118 @ 7.0% cap · market cap 5.71%
    Theoretical Best
    Office A
    $2.90M
    $2.54M – $3.38M (±1% cap)
    NOI $202,903 @ 7.0% cap · market cap 10.15%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    CVS Pharmacy CVS Photo (Bike/Boat/Book/etc) Store Wabq Radio Station Redbox Cinema UPS Access Point ... Courier Service

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Church Square Pharmacy — 7905 Euclid Ave, Cleveland, OH 44103
    • Essentials By Yola' — 7609 Euclid Ave Apt.429, 429, Cleveland, OH 44103
    • CVS Pharmacy — 8000 euclid ave, cleveland, oh 44103
    • Catherine Wilson — 8000 Euclid Ave, Cleveland, OH 441034229
    • UH Gerald Zlotnik Family Pharmacy — 5805 Euclid Ave Second Floor, Cleveland, OH 44103

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.632502
    Latitude
    41.503773

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    FAQs

    What type of property is this?
    Drug store - CVS Pharmacy in a dense retail area for sale.
    Where is this drug store located?
    The property is located at 8000 Euclid Ave Cleveland, OH.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: CVS Pharmacy provides a stable, creditworthy tenant.; Located in Cleveland, OH.; Situated in a dense retail area.
    (512) 971-3695 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Justin Williams
    Justin Williams
    Real Estate License ID: TX 767727
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