Technical
Financial
Distress signals
Property profile

4401 Mayfield Rd South Euclid, OH 44121

OFF-MARKET
Grocery and convenience stores
Property ID
US66-1812549
71,444 SF 6.7 ac lot Built 1985
Entity Owned 18-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity features a 75,000 square foot Giant Eagle grocery store in South Euclid, Ohio, situated on a 7-acre lot with 370 feet of frontage. The property boasts a strong, 10-year Absolute NNN lease with a corporate guarantee from Giant Eagle, Inc., a leading grocer in Northeast Ohio with $11 billion in annual revenue. Rent bumps are included every five years, ensuring consistent income growth. The location benefits from high visibility and accessibility, ample parking, and a high-traffic count of 26,922 vehicles per day. The surrounding area has a dense population of 117,851 people within a 3-mile radius. Further enhancing the property's value are the on-site state liquor agency and drive-thru pharmacy, both operated by Giant Eagle. The property offers excellent visibility and accessibility, with a signalized intersection and full-movement curb cuts. This is a rare opportunity to acquire a core, Class A retail investment with a long-term lease and significant upside potential. The property is currently 100% occupied, with a lease commencement date of May 7, 1994, and an expiration date of May 31, 2034. Two lease options are available. The property is offered for sale by owner. This is a turnkey investment with a 5.10% cap rate. The single-building property is located at 4401 Mayfield Rd, South Euclid, OH 44121.

Property profile

Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1985
Construction TYPE NOT SPECIFIED
Total area 71,444 SF
Lot 6.7 ac (291,852 SF)
Zoning code C-1
APN 703-03-061
UPID US66-1812549

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Atm
  • Pharmacy
  • Atm
  • Bank Credit Union

Location

4401 Mayfield Rd South Euclid, OH 44121-3670
South Euclid metro Census 185103 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$6.58M
Blend (final) Blend
$5.84M

Owner & transaction history

since 2007
2 recorded transactions
2007
Price N/A
1997
Price N/A

Zoning & alternative use

C-1 · South Euclid, OH
Zoning description

The purpose of this district is To provide sufficient but not excessive land area for the business and commercial needs of the community and To foster the continuation of commercial, business and similar establishments n…

General category COMMERCIAL
Top alternative use upside
Medical building $7.8M +69.5%
Neighborhood: shopping center $7.2M +58.1%
Auto repair, garage $6.4M +38.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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