331 N Lexington Springmill Rd - Storefront FOR SALE
Ontario, OH 44906 |
$6,032,000 USD
214-692-2847
331 N Lexington Springmill Rd
Ontario, OH 44906
HIGHLIGHTS
- TOP-RANKED WALMART SHADOW – The subject property is shadow-anchored by one of the strongest Walmart Supercenters in Ohio.
- IMMEDIATE UPSIDE POTENTIAL – Currently there is 23% of vacancy, and after implementing reasonable market and leasing assumptions.
- STABLE ANCHOR TENANTS – The three largest tenants: Dollar Tree, Cato, and Hong Kong Buffet occupy 41% of the center.
- DENSE RETAIL CORRIDOR HUB – Within a 2-mile stretch of Lexington-Springmill Rd, the subject property’s street.
- INELASTIC REVENUE DRIVERS – Manufacturing is the largest industry by employment in Mansfield, with approximately 3,500 workers.
FOR SALE DETAILS
PRICE
$6,032,000 USD
PRICE/SF
$109 USD /SF
CAP RATE
6.67%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Applewood Plaza
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1993
SPRINKLERS
-
PARKING SPACES
150
LAND DETAILS
LAND ACRES
4.95 AC
LAND SF
215,622 SF
ZONING
Retail
APN/PARCEL ID
038-60-175-15-001
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214-692-2847
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214-692-2847
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