Advance Auto Parts
Retail Center For Sale
Marketing description
Introducing the **ADVANCE AUTO PARTS** property located at **7440 Broadway Ave, Cleveland, OH 44105**. This retail center is now available for sale with an attractive price of $1,125,000 and a solid CAP rate of 7.01%. Generating an NOI of $78,840, this property boasts a building size of 7,000 SF on 0.82 acres of land.
This investment opportunity features a long-term lease with a reputable tenant, Advance Auto Parts, an industry leader with a strong presence boasting a market cap of $9.6 billion. With desirable investment grade credit and responsible for maintenance expenses, this property is ideal for out-of-state investors. Strategically located in Cleveland, a bustling metropolitan market, the property sees a high volume of traffic with over 18,000 vehicles passing by daily.
Don't miss out on this rare investment option offering a stable income stream and a prime location with continued demand for automotive services. Contact us for more details and explore this lucrative investment opportunity.
Investment highlights
Recent extension of five years on top of existing term
Location averages 31K+ visits annually
Rare Lease with tenant responsible for roof, parking lot, HVAC, taxes, and insurance at this location making it ideal for out-of-state investors | Landlord only responsible for slab
Investment Grade Credit Tenant | Market Cap: 9.6 Billion and a BBBS&P Rating
Located in Cleveland, a major metropolitan market in Northeast Ohio, providing a large population base, diverse demographics, and continued demand for automotive maintenance and repair services
Strategically located on Broadway Avenue in Cleveland with an average 18,000+ vehicles per day | Strong visibility and accessibility for both local residents and regional customers
5.3 Miles from Downtown Cleveland attracting approximately 15–17 million visitors annually
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