3029 117th St Cleveland, OH 44111-1633

This exceptional investment opportunity presents a brand-new, single-tenant retail property leased to Bank of America, the second-largest bank in the US, under a 15-year net lease with a corporate guarantee. Located at 3029 W 117th St, Cleveland, OH 44111, this 2,000-4,000 square foot building sits on a 0.96-acre lot and boasts a 4.75% cap rate with a current NOI of $175,000. The lease commenced in 2024 and includes a 10% rent increase every five years, providing a hedge against inflation. The property benefits from a prime location with excellent highway access to I-90, and is surrounded by other national retailers, including Target, Home Depot, and numerous fast-food chains. This is a rare opportunity to acquire a long-term, low-maintenance investment with a highly creditworthy tenant and significant upside potential. The building is a single-story, newly constructed structure. Four (4) and five (5) year lease options are included. This is a gross lease investment with 100% occupancy. The property is part of a thriving commercial area in Cleveland, Ohio, a city experiencing significant economic growth and revitalization. The investment offers substantial long-term value appreciation and consistent returns.