14025 Puritas Ave Cleveland, OH 44135

This exceptional investment opportunity presents a 10,125-square-foot Class A CVS Pharmacy located at 14025 Puritas Avenue in Cleveland, Ohio. The property boasts a strong 7.00% cap rate and a substantial net operating income (NOI) of $150,000. Built in 1997, this single-story building sits on a 0.717-acre lot and features a triple-net (NNN) lease with CVS Pharmacy, extending until January 31, 2033 (8.2 years remaining). The property benefits from a 100% occupancy rate and a strategic location in a high-traffic area, with Puritas Avenue seeing over 12,509 vehicles per day. The site is an outparcel to a Save A Lot anchored shopping center, further enhancing its visibility and accessibility. Significant nearby development includes a planned $14 million, 48-unit senior housing development slated to open in 2025. The surrounding area demonstrates strong demographics, with a population of 347,421 within a 5-mile radius and an average household income of $77,078. Nearby retailers include Pizza Hut, AutoZone, Burger King, McDonald's, and Walgreens. A brand-new roof was installed in the fall of 2023, minimizing future landlord expenses. The asking price is $2,142,000, translating to $211.56 per square foot. The seller is motivated, making this an attractive opportunity for investors seeking a secure, high-performing asset.