9300 Miles Ave Cleveland, OH 44105
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Cleveland, OH - High-Traffic Corner Lot
Property size:
8,000 SFProperty Features for 9300 Miles Ave
General Information
- Property type
- Individual retail properties
- Square Feet
- 8,000 SF
- Lot Size
- 29,185 SF
Listing Agency: Coldwell Banker Commercial Emmco Realty Group Listing Agent: Mike Mcdowell
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This 8,000 square foot freestanding retail building, formerly a Family Dollar, is situated on a 0.67-acre corner lot in Cleveland, Ohio, boasting excellent visibility and accessibility at a signaled intersection. The property features 50 free surface parking spaces and benefits from a high daily vehicle count of approximately 18,000. Currently leased under a NNN lease with a remaining term of four years, expiring December 30, 2028, with three, five-year renewal options at a 10% increase each term. The lease includes a landlord responsibility for roof, structure, and capital expenses. The asking price is $850,000, representing a price per square foot of $106.25 and a 6.34% cap rate. The property's location offers convenient ingress/egress and is a 15-minute drive to Downtown Cleveland and 2.3 miles from the I-480 interchange. This presents a compelling investment opportunity in a strong retail market, anchored by a nationally recognized brand with a proven track record. The property's location and lease terms provide a stable income stream with significant upside potential through future lease renewals. The property's APN is 136-20-001, 136-20-002, 136-20-005. The address is 9300 Miles Ave, Cleveland, OH 44105.
Property Profile
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Location Insight
- Map
- Local Demand
- City
- Cleveland
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.6207007
- Latitude
- 41.4448884
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FAQs
What type of property is this?
Individual retail property - Cleveland, OH - High-Traffic Corner Lot
Where is this individual retail property located?
The property is located at 9300 Miles Ave Cleveland, OH.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Family Dollar freestanding retail building offering a long-term lease.; Strong, growing tenant in a value-conscious market.; Lease expires 12/31/2028, with three 5-year options at 10% rent increases each.
