NNN Bar & Lounge Building — $156K Annual Income | Downtown CLE

Description

Rare opportunity to acquire a fully leased, income-producing commercial building in one of downtown Cleveland's most active and historically significant entertainment corridors. This two-story brick bar and lounge building offers 10,226 square feet of fully built-out hospitality space across two separate tenant floors, plus a full basement — all within a vibrant mixed-use urban district anchored by restaurants, bars, live entertainment venues, and a growing residential population. Both floors are leased under separate five-year NNN agreements, generating $156,000 in combined gross rental income in Year 1, with built-in annual escalations through 2029. Under the net lease structure, tenants are responsible for real estate taxes, insurance, utilities, and routine maintenance — creating a low-management, passive income profile for the buyer. The seller is currently completing renovations on the first floor, with the ground-floor bar and lounge concept on track to reopen within approximate