NNN Bar & Lounge Building, $156K Annual Income | Downtown CLE
Two-story NNN bar and lounge building in downtown Cleveland, Ohio
On NextCompany since August 30, 2026 (45 days)
OH area
Business overview
This two-story brick bar and lounge building sits in downtown Cleveland. The property occupies Cuyahoga County, Ohio, in a mixed-use entertainment corridor. The building delivers 10,226 square feet across two tenant floors, plus a full basement. Separate five-year NNN leases cover both floors.
Year 1 combined gross rental income totals $156,000. Tenants cover taxes, insurance, utilities, and routine maintenance. The seller asks $1,350,000. The seller completes first-floor renovations ahead of a reopen in about 60 days.
Who is a good fit for this business
- Investors seeking a NNN-leased bar and lounge building in downtown Cleveland.
- Buyers who want tenants covering taxes, insurance, utilities, and routine maintenance.
- Investors targeting Year 1 gross rental income of $156,000 with escalations through 2029.
- Buyers prepared to fund a $1,350,000 down payment without seller financing.
Details
- Reason for selling
- Other Business Interests
- Real estate
- Leased
- Monthly rent
- $13,000
Frequently Asked Questions
This listing offers a two-story brick bar and lounge building in downtown Cleveland. The property sits in Cuyahoga County, Ohio, in a mixed-use entertainment corridor. The building delivers 10,226 square feet of built-out hospitality space. Two tenant floors and a full basement complete the layout.
The building generates $156,000 in combined gross rental income in Year 1. Separate five-year NNN leases cover both floors. Those leases include built-in annual escalations through 2029. Monthly rent totals $13,000 under the current lease structure.
The tenants cover real estate taxes, insurance, utilities, and routine maintenance. The NNN lease structure assigns those costs to the tenants on both floors. Each floor carries its own five-year NNN agreement. That arrangement creates a low-management income profile for the buyer.
The listing includes the real estate. Realty Professionals represents that real estate component. Realty Professionals holds an Ohio real estate brokerage license. The $1,350,000 asking price reflects primarily the real estate value.
The owner sells for other business interests. The seller still completes first-floor renovations on the ground-floor bar and lounge. That concept tracks a reopen in about 60 days. The seller also plans renovations for the second-floor tenant space.