Property summary
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
VerifiedCap rate & NOI
Current use
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Physician
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Atm
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Pharmacy
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Atm
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Bank Credit Union
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C-1 · South Euclid, OHThe 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…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
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…
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