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914 Cleveland St, Elyria, OH, 44035

Nirvana Dispensary
$1,454,991

Key Information

Cap Rate
9.5%
Tot. SF
6,600
Year Built
1972/ R 2024
Term Remaining
±7.7 YRS
Type
Retail
NOI
$152,770

Highlights

  • High-Yielding Investment – The property is being offered at a Year-1 in-place cap rate of 9.50%.
  • Absolute NNN Lease – There are zero landlord responsibilities, making it a great investment opportunity for a passive investor.
  • Attractive Rental Increase – 3.00%+ annual rent escalations offer a built-in hedge against inflation and long-term income growth.
  • Large Lot – Situated on a +1.02-acre parcel, offering strong long-term real estate value and future redevelopment potential.
  • Ample Parking – Approximately 50+ parking spaces provide convenient access for customers and support the tenant’s ability to accommodate a high volume of traffic.

Photos

Location

Agents

Broker of Record

Matt Wallace

License # REC.2022007141 (OH)
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113