24001-24601 Chagrin Blvd - Supermarket FOR SALE
Beachwood, OH 44122 |
24001-24601 Chagrin Blvd
Beachwood, OH 44122
HIGHLIGHTS
- GROCERY ANCHORED COMMUNITY CENTER WITH STRONG GROCER SALES + RECENT RENOVATION - Pavilion Shopping Center is anchored by Giant Eagle
- GIANT EAGLE ANCHORED – MARKET DOMINANT GROCER – RECENTLY RENOVATED – SIGNIFICANT TENANT INVESTMENT – STRONG SALES (~$36.1M – $561 PSF)
- PRIME LOCATION ALONG CHAGRIN BLVD (32,000 VPD) – MAIN AND MAIN OF EASTERN CLEVELAND SUBURBS – DOMINANT RETAIL CORRIDOR – NEARLY 18 ACRE LAND SITE
- HEAVILY TRAFFICKED TENANCY | 2.1M+ ANNUAL VISITS (PLACER.AI)
- STRONG RECENT LEASING MOMENTUM | BRAND NEW 10-YEAR ROSS DRESS FOR LESS
- ~70% OF RENTAL REVENUE COMPRISED FROM GIANT EAGLE, ROSS DRESS FOR LESS, BIG LOTS, MICHAELS, AND PETCO
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
Pavilion Shopping Center
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Supermarket
TOTAL BUILDING SIZE
207903
STORIES
1
YEAR BUILT
1975
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
742-15-034,742-15-035,742-16-049
