27300 DETROIT RD Westlake OH 44145-2229

Discount Drug Mart & Westlake Indoor Self Storage $255K NOI in 2025 - Westlake, Ohio - For Sale 100% Occupied - 2 Tenant Property - Avg HHI 1 Mile: $153K

CBRE is pleased to present this 51,669 square foot 2-story retail / self-storage building on 2.97 acres, strategically located on Detroit Road (the intersection of Dover Center Rd) in Westlake, Ohio. Westlake is a high barrier to entry market, with limited retail inventory - one of Cleveland’s most premier and established suburban markets.

This 2-tenant property presents a compelling investment opportunity, given its convenient location, stable tenant mix with Discount Drug Mart (first floor) and Westlake Indoor Storage (lower level), and high consumer demand in a well-established retail corridor with strong demographics and area income and population growth.

Westlake is one of NE Ohio’s most desirable communities, with excellent housing and schools, and a strong retail market with Crocker Park, and is also served by the areas 2 largest hospital systems with Cleveland Clinic (Rt. 82) and University Hospitals.

• 100% Occupied 2 Tenant Property

• Discount Drug Mart (first floor) & Westlake Indoor Storage (lower level)

• Strategically located at the signalized intersection of Detroit Road and Dover Center Road, between 2 exits, Columbia Road and Crocker Road in Westlake

• Discount Drug Mart is an Ohio based Pharmacy and Grocery Store Chain with 78 Store in 20 Different Ohio Counties

  • Approx. $1 Billion in Annual Gross Sales

  • Founded 1969 in Elyria, Ohio

  • Now Employee Owned Since 2017

• This DDM location was a relocation from across the street, built new and relocated in 2005. Their previous location is now Ace Hardware.

• High-Performing Location: Positioned on Detroit Road, a primary retail corridor in Westlake, Ohio, offering excellent visibility and accessibility.

• Anchored by Discount Drug Mart, a well-established and highly successful regional pharmacy/grocery chain, and Westlake Indoor Self Storage, providing consistent foot traffic and a diverse customer base.

• DDM Comparative Analysis: This DDM location ranks #5 out of 20 stores within a 15 mile radius within Nov 1, 2024 - October 31, 2025 and is the 2nd most frequently visited store out of the 6 store surveyed on the west side (#1 Avon Lake, #2 Westlake, #3 North Ridgeville, #4 Avon, #5 Lakewood, #6 North Olmsted) per Placer.ai

• Drug Store Comparative Analysis - 7 Stores on the West side: This location has the 2nd highest visitor traffic with over 394K during Nov 1, 2024 - October 31, 2025, this DDM location is #2 behind Walgreens in Rocky River, which is one of best performing stores in the country in the top 14% nationally. The competitive set included: DDM Westlake (#2), Walgreens Bay Village, CVS Bay Village, Walgreens Westlake, CVS Westlake, CVS Rocky River and Walgreens Rocky River (#1) per Placer.ai

• Stable Income Stream: Long-term leases with established tenants provide a reliable and predictable income stream.

• Strong Demographics: 2025 Average Household Income is $153,679 within 1 mile, $161,603 within 3 miles and $147,268 within 5 miles - Westlake boasts a desirable demographic profile with high household incomes, a well-educated population, and a strong retail spending power.

• Strategic Location: Benefit from the high traffic counts on Detroit Road, proximity to major highways (I-90, I-480), and the surrounding affluent residential areas.

• Limited Competition: Low vacancy rate in Westlake, and limited inventory of existing retail space.