22530 Lakeshore Blvd, Euclid, OH 44123

ASSET: The Dollar General Center is an 11,394 square-foot retail center on a 0.40-acre parcel with excellent visibility and frontage along Lake Shore Boulevard. The Property is fully leased to a national tenant lineup including Dollar General, Wingstop, State Farm Insurance, and Acceptance Insurance.

LEASES: Dollar General has been at this location since 2002 and has executed multiple lease extensions, demonstrating their commitment to the site and market, and they currently have over a year of term remaining on their lease. Wingstop has over three years of term remaining on their lease followed by one (1), 3-year and two (2), 5-year renewal options, while State Farm Insurance has over one year remaining on their lease and Acceptance Insurance has over two years remaining on their lease.

INVESTMENT GRADE ANCHOR: Dollar General has the highest credit rating among its peers and holds investment grade credit – rated BBB (S&P) and Baa2 (Moody’s). Dollar General operates over 20,500 locations throughout the country. Dollar General’s net sales increased 5% to $40.6 Billion in fiscal year 2024. Dollar General has reported strong store sales at this location, contact the listing agent for more details.

UPSIDE POTENTIAL: Dollar General’s lease expires in 2027 and does not have any remaining options, allowing for an investor to add value by signing a new extension at market rate upon expiration, significantly driving income for the Property.

MINIMAL LANDLORD RESPONSIBILITIES: Dollar General is operating under a Modified Net lease and pays a fixed amount as its contribution for real estate taxes, insurance, and common area maintenance. The remaining tenants reimburse their pro-rata shares of real estate taxes, insurance, and common area maintenance, with State Farm Insurance and Acceptance Insurance additionally reimbursing their pro-rata shares of roof and parking lot replacement making it an attractive investment for the passive investor and protecting the in-place cash flow against rising expenses.

STRATEGIC RETAIL LOCATION: The Dollar General Center is prominently located along Lake Shore Boulevard in Euclid, a major retail and commuter corridor offering excellent visibility and convenient access in a high-traffic commercial area. The Property is directly adjacent to and shares access and parking with Shore Center Plaza, a well-established retail destination anchored by Aldi and Burlington, among other nationa and regional tenants. This adjacency provides strong synergy with an active neighborhood retail hub while maintaining prominent standalone visibility. The location is further supported by nearby Interstate 90, U.S. Route 6, and State Route 2, ensuring seamless regional connectivity throughout the Greater Cleveland area.

TRAFFIC COUNTS: More than 13,500 vehicles pass directly in front of the Property per day along Lake Shore Boulevard, while more than 24,800 vehicles pass through the signalized intersection of Lakeshore Boulevard with East 222nd Street.

DEMOGRAPHICS: More than 65,000 people live within 3 miles of the Property with an average household income of $76,241. Over 139,000 people live within a 5-mile radius of the Property with an average household income of $80,988. Additionally, there are more than 53,800 employees working within the 5 miles of the Property.

RETAIL TRADE AREA: Additional retailers driving traffic to the area Aldi, Dave’s Market, CVS, Chipotle, Burlington, Wendy’s, Dunkin’, PNC Bank, Chase Bank, Citi Trends, Rainbow Shops, Dollar Tree, Walgreens, KeyBank, Fifth Third Bank, Bank of America, Papa Johns, Subway, Burger King, Pizza Hut, T-Mobile, Rent-A-Center, Sherwin-Williams, Hibbett Sports, Pulp Juice & Smoothie Bar, Metro by T-Mobile, Total Wireless (Verizon), Mattress Plus, Mr. Hero, and a number of local shops and businesses that serve area residents.