Barrington Town Center offers a compelling retail investment located in Aurora, Ohio, positioned conveniently between Cleveland and Akron. The center spans over 112,663 square feet on 15.8 acres and is currently 87.2% occupied, presenting both immediate income and upside potential. The property hosts a diverse tenant mix including Atlas Cinemas, Ace Hardware, Dollar Tree, UPS Store, University Hospitals, and Howard Hanna, ensuring a stable revenue base with essential and service-oriented operators.
Surrounding the property is a high-income demographic, with a 10-mile average household income exceeding $160,000 and a population of nearly 200,000. Accessibility is excellent via State Routes 43, 82, and 306, allowing strong regional connectivity. Major national retailers such as Walmart, Kohl's, and Aurora Farms Premium Outlets are nearby, driving consistent consumer traffic.
Future growth is reinforced by significant redevelopment at Geauga Lake, which includes Menards, Meijer, residential units, and green space projects. This trend positions Barrington Town Center for value appreciation through lease-up and potential rent growth. Offered at $10,620,247 with an 8.10% cap rate, the property provides an attractive opportunity for investors seeking a stable, income-producing asset in a vibrant suburban market.