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The property represents one building that totals approximately 8,107 SF on 0.39 acres. This four (4) tenant mixed-use retail complex is 87% leased with existing tenants providing long term stability. The current tenant base consists of Melt Bar & Grilled (13463 Cedar Road = corner of Cedar & Taylor) @ 3,795 SF (1 of 5 locations & growing), Martini Skate & Snow @ 2,156 SF, Trop Shop Tattoos @ 1,089 SF and an available suite totaling 1,056 SF. The property is located within Historic Cleveland Heights in the Cedar / Taylor retail area. This area is a re-gentrified, high-image strip featuring new restaurants, taverns, coffee shops, fine dining, ice cream, specialty shops, and entertainment; all in an aesthetically pleasing walk-able setting. Additionally, the City of Cleveland Heights has a distinct reputation as being a proactive business community and is user friendly as it relates to customizing aggressive incentive packages to attract new development and continued job growth.
Retail strip available for sale on busy corridor. Two (2) parcel sale (Includes adjacent paved parking lot). High traffic count will allow for maximum exposure. Perfect for user or investor. Why pay rent when you can own? Current lease information available through agents.
Marcus & Millichap is pleased to present an approximate 8,450-square foot Dollar General located in Cleveland Heights, OH. The town of Cleveland Heights is located in Cuyahoga County and is approximately seven miles from downtown Cleveland. The tenant exercised their first option period three years in advance to provide seven and a half years of remaining term on the lease. The lease provides for a five percent rental increases in the base term which takes the cap rate to 8.66% in 2016. There are six percent rental increases in each of the two, five-year option periods.