6535 Broadway Ave - Freestanding FOR SALE


Cleveland, OH 44105- Broadway-Slavic Village
$1,880,000 USD
510-289-1166
6535 Broadway Ave, Cleveland, OH for Sale
$1,880,000 USD
Freestanding - FOR SALE
1/2
null | 5.8% Cap Rate

6535 Broadway Ave
Cleveland, OH 44105
Broadway-Slavic Village


HIGHLIGHTS

  • Corporate Net Lease to O’Reilly Auto Parts (NASDAQ: ORLY) with Approx. 16 Years Remaining
  • Investment Grade Tenant Rated BBB+ by Standard & Poor’s
  • Built in 2020 with No Deferred Maintenance and Minimal Landlord Responsibilities
  • 20-Year Transferable Roof Warranty
  • Approximately 4 Miles from Downtown Cleveland - MSA GDP of $135.7 Billion
  • Total Daytime Population of 465,168 within a 5-Mile Radius

OVERVIEW

The subject property is prominently located with excellent access and visibility on Broadway Avenue/State Route 14 (18,750 AADT) just east of Interstate 77 (89,603 AADT). The property has the advantage of being located just south of the junction of Interstate 77 and Interstate 490 (105,843 AADT), part of what is known as the Cleveland Inner Belt. The site benefits from strong demographics with a total daytime population of 465,168 within a 5-mile radius. The average household income within 5 miles of the site is $70,102. Cleveland, OH is a dynamic city on the southern shore of Lake Erie, with a metropolitan population of 2,048,449 and a city population of around 370,000. The Cleveland MSA has a GDP of $135.7 billion, reflecting its diverse economy and key industries. Cleveland is a major hub for healthcare, home to globally renowned institutions like the Cleveland Clinic, University Hospitals, and MetroHealth. Other significant sectors include manufacturing, finance, and a growing tech industry. Major companies headquartered in the Cleveland area include Progressive Insurance, Sherwin-Williams, KeyCorp, JM Smucker Company, Parker Hannifin, and Eaton Corporation, all of which contribute to the region’s economic strength. The city’s well-developed transportation infrastructure—comprising major highways, Cleveland Hopkins International Airport, and the Port of Cleveland—enhances its role as a logistics hub. Recent revitalization in downtown Cleveland and growing neighborhoods like Ohio City and Tremont have spurred real estate investment. In Association with ParaSell, Inc. | A Licensed Ohio Broker #REC.2020005946

FOR SALE DETAILS

PRICE

$1,880,000 USD

PRICE/SF

$255 USD /SF

CAP RATE

5.8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

O'Reilly Auto Parts

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,314 SF

ZONING

-

APN/PARCEL ID

132-02-027

ASK ABOUT THIS PROPERTY

Putnam DailyFisher James CapitalMore Info
510-289-1166

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Putnam DailyFisher James CapitalMore Info
510-289-1166

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.