2200 June Pky - Supermarket FOR SALE


Zanesville, OH 43701
$6,790,000 USD
440-915-7902
2200 June Pky, Zanesville, OH for Sale
$6,790,000 USD
Supermarket - FOR SALE
1/15
null | 8% Cap Rate

2200 June Pky
Zanesville, OH 43701


HIGHLIGHTS

  • Reduced!! Single-Tenant Grocery Inv Opportunity: Riesbeck’s: Full Corp. Guaranty w/ Associated Wholesale Grocers (AWG), Largest Co-Op in USA
  • Absolute NNN with ZERO Responsibilities: Tenant Responsible for Roof and Structure with Build-to-Suit Location (2001) on Over-Sized 7.47-Acre Parcel
  • Associated Wholesale Grocers (AWG): Over $12.3 Billion in Annual Sales with Over 3,400 Locations
  • Attractive, Reduced 8% CAP: 9 Years of Term Remaining with Strong Commitment and Success Having 33 Years of Committed Tenancy
  • One of Top Sales Locations in Entire Chain According to Placer.ai Report | Excellent Frontage & High Traffic (35k VPD) at Signalized Corner Location
  • Positive Sale Growth Trend with Year-Over-Year Increase: 30% Sales Growth Since 2019 and 6% Year-Over-Year Sales Growth

OVERVIEW

Reduced to Attractive 8% CAP: 9 Years of Term Remaining with Strong Commitment and Success Having 33 Years of Committed Tenancy Single-Tenant Grocery Investment Opportunity: Riesbeck’s Food Market with Full Corporate Guarantee by Associated Wholesale Grocers (AWG), the Largest Cooperative Food Wholesaler to Supermarkets and Grocery Stores in the United States AWG: Over $12.3 Billion in Annual Sales with Over 3,400 Locations Absolute NNN with ZERO Responsibilities: Tenant Responsible for Roof and Structure with Build-to-Suit Location (2001) on Over-Sized 7.47-Acre Parcel One of Top Locations for Sales in Entire Chain According to Placer.ai Report Positive Sale Growth Trend with Year-Over-Year Increase: 30% Sales Growth Since 2019 and 6% Year-Over-Year Sales Growth Highly Visible with Excellent Frontage and High Traffic (Approx. 35,000 VPD) at Signalized Corner Location Directly In Front of the Store at Main Intersection Riesbeck’s Food Market’s Chain Operating for Over 98 Years with 16 Regional Locations Growing City with Grocery Necessity: Ideal Demographics with Average Household Incomes of Approximately $73,000 Within a 5-Mile Radius Advantageous Location 52 Miles East of Columbus (Currently the 14th Most Populous City in the United States): Part of the Columbus-CSA with Over 2.51M People and One of the Fastest Growing MSAs in the Country Surrounded by Rooftops, Other Complimentary Users and Retailers (BMV, Zane Plaza Shopping Center, Sheetz, Huntington Bank & More) Restaurants and Schools Largest Regional Employer Located in Zanesville: Genesis Hospital, Part of the Genesis Healthcare System (4,000+ System-Wide Employees) with 260-Beds, 2,800 On-Site Employees Supports Zanesville and the Surrounding Communities Direct Vicinity of Major Employers: Halliburton (560 Employees), Bimbo Bakery (450 Employees), Owens-Illinois, Inc. (400+ Employees), Dollar General Distribution Center (Approx. 950 Employees), AutoZone Distribution Center (650 Employees), Muskingum County Government (Zanesville County Seat = 940 Employees), Spectrum Call Center (560+ Employees), Shelly & Sands (500 Employees), Along with Strong Presence from Nestle Purina, Fanatics Inc., Ridge Corporation, Cleveland Cliffs Inc., Avon, Inc., and Kellogg’s Zanesville Named “Second Most Charming Small Town in USA” and #4 in North America

FOR SALE DETAILS

PRICE

$6,790,000 USD

PRICE/SF

$125 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Corp. Backed Largest Grocery Co-Op: 8.00% CAP

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

326

LAND DETAILS

LAND ACRES

7.47 AC

LAND SF

325,393 SF

ZONING

-

APN/PARCEL ID

62-56-02-03-002

ASK ABOUT THIS PROPERTY

Daniel CooperCooper Commercial Investment GroupMore Info
440-915-7902

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Daniel CooperCooper Commercial Investment GroupMore Info
440-915-7902

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.