7555-7705 Market Place Dr - Storefront FOR SALE
Aurora, OH 44202 |
$13,178,600 USD
216-765-8000
7555-7705 Market Place Dr
Aurora, OH 44202
HIGHLIGHTS
- Adjacent to Best-in-Class Retailers – Surrounded by Walmart, Dick’s Sporting Goods, PetSmart, Michaels, Kohl’s, HomeGoods and Marshalls.
- Affluent Demographics – Average household income of $161,276 within a five-mile radius.
- Below Replacement Cost – Offered at approximately $119.23 PSF, significantly below replacement cost.
- Future Growth – New mixed-use development anchored by Meijer and Menards will further enhance the area’s retail appeal and growth potential.
- Strategic Cleveland MSA Location – Approximately 25 miles from downtown Cleveland within a metro area of more than 2 million residents.
- Expansive Trade Area – Draws from nearly 600,000 residents within a 30-minute drive and receives more than 4 million annual visits.
OVERVIEW
100% occupied 110,532 SF power center located within the Marketplace at Four Corners regional retail corridor. National tenant roster includes Barnes & Noble, Gabe’s, Old Navy, Ulta Beauty, Torrid, and Dick’s Going, Going, Gone! Offered fee simple with an 8.00% cap rate, $1,054,288 NOI, and 5.95-year WALT. Positioned within a dominant regional retail trade area exceeding 1.1 million SF and benefiting from significant future growth associated with the Geauga Lake District redevelopment.
FOR SALE DETAILS
PRICE
$13,178,600 USD
PRICE/SF
$111 USD /SF
CAP RATE
8%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Marketplace at Four Corners
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2004
SPRINKLERS
-
PARKING SPACES
635
LAND DETAILS
LAND ACRES
11.36 AC
LAND SF
494,842 SF
ZONING
CR
APN/PARCEL ID
02-420805
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216-765-8000
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216-765-8000
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