8287 - 8295 Windham St - Freestanding FOR SALE
Garrettsville, OH 44231 |
8287 - 8295 Windham St
Garrettsville, OH 44231
HIGHLIGHTS
- JUST REDUCED!: Grocery Anchored Neighborhood Center: Attractive 8.15% CAP Rate and Low Price Point of $95/S.F. (Below Market Sales Comparable).
- Solid Operating History: Grocer has Operated at this Location for 30 Years & Many Original Tenants That Have Consistently Exercised Renewals .
- Strong Anchor Commitments: IGA Grocery, Family Dollar/ Dollar Tree and Pride Auto Wash Making Up Almost 70% of the Center Leased to 2030 and Beyond.
- Family Dollar/Dollar Tree Expanded and Self-Funded Part of the TI in 2022.
- Brand-New AutoZone (NAP) Built Adjacent to IGA, Drawing Complimentary Tenant Foot Traffic.
- Future Upside: Replaceable Below Market Rental Rates, Possible Conversion of Gross to NNN Leases and Future Developable Land of Approx. 2 Acres.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Grocery Anchored Ctr(30 Yr History)|8.15% CAP
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Drug Store, Restaurant, Supermarket
TOTAL BUILDING SIZE
45083
STORIES
1
YEAR BUILT
1960
SPRINKLERS
-
PARKING SPACES
150
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
19-003-00-00-025-002
