North Randall Shopping Plaza in Cleveland, OH | Business & Property for Sale
Looking for a lucrative investment opportunity in Cleveland? The North Randall Shopping Plaza offers steady income and growth potential, boasting a prime location and a diverse tenant base. Ideal for investors or property managers, this plaza is E2-Visa qualified and delivers a nearly 10% CAP rate.
Business Highlights for North Randall Shopping Plaza
SG # 11857
Listing Price: $1,200,000
Building Size: 12,000 sq. ft. shopping plaza on 0.5 acres.
Annual Gross Income: Actual: $133,200.
Annual Owner Profits: Actual: $133,200
Current Tenants:
Subway: $2,000/month.
Beauty Supply: $4,600/month.
Medical Supply: $2,000/month.
2,500 sq. ft. remodeled and leased for $2,500/month clothing store
Investment Benefits
This shopping plaza in North Randall, Cleveland, offers consistent rental income with room for growth:
Prime Location: High-traffic area with easy accessibility.
Diverse Tenants: Reliable mix of established businesses, including retail and medical supply.
Turnkey Opportunity: Fully operational with updated spaces ready for new tenants.
E2 Visa Qualified: Ideal for international investors seeking a secure business in the U.S.
Why Invest?
Attractive CAP Rate: Nearly 10% based on scheduled income.
Growth Potential: Lease the available unit to maximize rental income.
Long-Term Value: Centrally located in a growing commercial area.
Motivated Seller: Retiring owner looking for the right buyer.
Please do not disturb tenants during visits.
