16100 Lk Shr Blvd Cleveland, OH 44110-1001

This exceptional retail investment opportunity presents a 2,100 square foot property located at 16100 Lakeshore Blvd in Cleveland, Ohio, 44110. The property boasts a strong 4.50% capitalization rate, generating a net operating income (NOI) of $25,992 annually. The asking price is $577,600. This is a single-tenant, absolute NNN lease, providing a passive income stream with minimal landlord responsibilities. The lease commenced on May 8, 2019, and has a remaining term of 20 years, expiring on May 8, 2039, offering long-term stability and predictable cash flow. The property sits on a 0.459-acre lot and is situated in a high-diversity area with numerous retailers and restaurants nearby. The convenient location also benefits from the presence of apartment buildings directly across the street, ensuring a consistent customer base. This is an ideal investment for those seeking a low-maintenance, high-return retail property in a thriving Cleveland location. The property type is retail.