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22001 Lake Shore Blvd 13,013 SF Retail Building Euclid, OH 44123 $4,874,674 ($374.60/SF) 9% Cap Rate

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Investment Highlights

TERM REMAINING (8.5 YEARS) - Primary Term expires July 31, 2034. CVS has operated from this location since 2009.
OPEN 24 HOURS + DRIVE THRU PHARMACY - High performing store with 15+ Year operating history.
1.6 MILES FROM CLEVELAND CLINIC, EUCLID HOSPITAL Cleveland Clinic is one of the world’s largest healthcare systems in the world.

ABSOLUTE NET BOND LEASE - No Landlord Responsibilities.
ACTIVE RETAIL TRADE AREA - The property is positioned near numerous other national credit tenants including ALDI, Wendy’s, Chase Bank and more.
1.9 MILES FROM A 650,000 SF AMAZON FULFILLMENT CENTER - Major employment base employing over 2,000 employees.

Executive Summary

Rent Holiday: 8/2031 - 7/2034
Price is Inclusive of Full Credit for the Rent Holiday

OM - CVS Pharmacy (Euclid, OH) (c)

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Drug Store

Building Size

13,013 SF

Building Class

Year Built

2009

Price

$4,874,674

Price Per SF

$374.60

Cap Rate

NOI

$438,594

Tenancy

Single

Building Height

1 Story

Building FAR

0.19

Lot Size

1.55 AC

Zoning

Parking

50 Spaces (6.54 Spaces per 1,000 SF Leased)

Frontage

214’ on Lake Shore Blvd

24 Hour Access

Drive Thru

Major Tenants

Retailer
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CVS Pharmacy began in 1963 as Consumer Value Stores in Lowell, Massachusetts, selling health products. The company expanded into pharmacy services in 1967 and was later acquired by Melville Corporation. Through strategic acquisitions like MinuteClinic and Caremark, CVS grew its healthcare services. The 2018 merger with Aetna made CVS Health a major player in insurance. Today, the company operates pharmacies nationwide, manages pharmacy benefits, and provides health insurance through various subsidiaries.