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5617 Memphis ave
Cleveland, OH 44144 Old Brooklyn

Price Upon Request

Freestanding For Sale  •  7,545 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 7,545 SF
  • Lot Size 0.17 AC
  • Building Class C
  • Year Built 2023
  • Tenancy Single
  • Zoning LR
34 Transit Score
76 Walk Score

Highlights

List price of $1,851,852 yielding a 6.75% cap rate
15 year lease with over ±14.25 years remaining on the primary term containing five, 5-year options with 10% rental increases
2023 upgraded brick, built-to-suit construction for Dollar General
Absolute NNN lease with zero landlord responsibilities, ideal for investors seeking a passive stream of cash flow
Strong retail synergy with neighboring tenants including but not limited to: McDonald’s, Dairy Queen, O’Reilly Auto Parts, Marathon Gas, Midas, & more
Strong Corporate Guaranty: from Dollar General Corporation, a Fortune 500 company, boasting a BBB credit rating (S&P) and a $28 billion market cap

Public Transportation

AirportDriveWalkDistance
Cleveland-Hopkins International 15 min - 9.3 mi