$6,330,000 USD
216-503-3607
2332 Stringtown Rd
Grove City, OH 43123
Outer Greater Hilltop
HIGHLIGHTS
- Daily Needs Anchored: Discount Drug Mart anchors the center, providing essential daily needs and driving consistent foot traffic.
- Ideal Tenant Mix: Features a gym, restaurant, and hair salon for synergistic cross-traffic and service-based demand.
- Recent Lease Extensions: All four tenants recently extended leases at rent increases, demonstrating seasoned tenancy.
- Prime Retail Corridor: Located at signalized intersections along Stringtown Rd (±34,027 VPD), less than 1 mile from I-71 (±100,826 VPD).
- Surrounded by Major Retailers: Walmart, Target, Home Depot, Kroger, Giant Eagle, and Aldi are nearby traffic drivers.
- Below Replacement Cost: Offered at $155 PSF, significantly below replacement cost; annual base rent is $11.59 PSF.
FOR SALE DETAILS
PRICE
$6,330,000 USD
PRICE/SF
$155 USD /SF
CAP RATE
7.4%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Grove City Shopping Center
PROPERTY TYPE
Retail
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2005
SPRINKLERS
-
PARKING SPACES
206
LAND DETAILS
LAND ACRES
5.5 AC
LAND SF
239,580 SF
ZONING
C
APN/PARCEL ID
040-004289
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216-503-3607
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216-503-3607
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