4401 Mayfield Rd South Euclid, OH 44121-3670

Property Details for 4401 Mayfield Rd

Year built

1985

Construction

TYPE NOT SPECIFIED

Lot size

6.70 lot acres

Property size

71,444 SF

Zone code

C-1

Property type

Grocery and convenience stores

APN

703-03-061

APU

70303061

Description

This exceptional investment opportunity features a 75,000 square foot Giant Eagle grocery store in South Euclid, Ohio, situated on a 7-acre lot with 370 feet of frontage. The property boasts a strong, 10-year Absolute NNN lease with a corporate guarantee from Giant Eagle, Inc., a leading grocer in Northeast Ohio with $11 billion in annual revenue. Rent bumps are included every five years, ensuring consistent income growth. The location benefits from high visibility and accessibility, ample parking, and a high-traffic count of 26,922 vehicles per day. The surrounding area has a dense population of 117,851 people within a 3-mile radius. Further enhancing the property's value are the on-site state liquor agency and drive-thru pharmacy, both operated by Giant Eagle. The property offers excellent visibility and accessibility, with a signalized intersection and full-movement curb cuts. This is a rare opportunity to acquire a core, Class A retail investment with a long-term lease and significant upside potential. The property is currently 100% occupied, with a lease commencement date of May 7, 1994, and an expiration date of May 31, 2034. Two lease options are available. The property is offered for sale by owner. This is a turnkey investment with a 5.10% cap rate. The single-building property is located at 4401 Mayfield Rd, South Euclid, OH 44121.

Location Insight

City

South Euclid

County

Cuyahoga

State

Ohio

Longitude

-81.5215

Latitude

41.5214

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments