Property Picture

Price: $2,275,000
Property Type: Retail
Status: Sold
Address: Northern Ohio
                  Northern, OH  
CAP Rate: 8.2%
Square Feet: 16,252
Tenancy Type: Mixed
Lease Type: NNN

Short Description:
The Cooper Commercial Investment Group has been exclusively retained by ownership to sell the 100% fee simple interest in a Walmart Supercenter Shadow Anchored located in northern Ohio. The property is being offered for $2,275,000, representing an 8.20% CAP Rate.

The center also sits directly across from a high-traffic Home Depot and is positioned along Main Street, the main retail corridor throughout the city. The asset boasts well-known tenants, many on Triple Net (NNN) lease structures. The 100% occupied center has had excellent leasing traction and now with tenured and new tenants, the rent roll benefits from staggered lease expirations. Between the current national tenants, pivotal location in the market and long-term leases in place, this asset is an unbeatable investment. Located in the main shopping corridor, the 16,252 S.F. property has an inviting appearance that draws customers to popular tenants that are present in the center. All of the tenants benefit from the daily traffic to the Walmart Supercenter that provides a constant flurry of activity around the featured center. The asset is ideally positioned in a strong residential community, within close proximity to major employers and surrounded by complimentary national retailers, including Home Depot, Tractor Supply, Dollar General, Giant Eagle, GetGo, Bob Evans and Aldi. With the building’s desirable location and inviting appearance, the asset is positioned to be a solid investment well into the future.