22001 Lk Shr Blvd Euclid, OH 44123-1710

This exceptional investment opportunity presents a fee-simple, absolute triple-net (NNN) leased CVS Pharmacy located at 22001 Lakeshore Blvd, Euclid, OH 44123. The property boasts a substantial 13,026 square feet on a 1.55-acre lot and features a 24-hour drive-thru pharmacy. Built in 2009, the property benefits from a long-term lease with a corporate guarantee from CVS Health Corporation, extending until July 31, 2034, with ten 5-year renewal options. The current lease commenced August 1, 2009, leaving approximately 9.7 years remaining on the primary term. The property enjoys a strong 7.92% cap rate and a significant net operating income (NOI) of $438,594, with an asking price of $5,537,247 ($425.09/sq ft). The location is highly desirable, situated near numerous national retailers including ALDI, Wendy's, Dunkin', and more, and benefits from high traffic counts (16,490 vehicles per day). Its proximity to Cleveland Clinic, Euclid Hospital, a major Amazon fulfillment center, a high school, and a municipal golf course further enhances its appeal. The property's consistent performance and strong tenant make it an attractive investment for discerning buyers. The property's parcel number is 642-08-084. There is a rent holiday from August 2031 to July 2034.