Historical Retail Sale Listing - QUAKER SQUARE (PHASE I) 1031 INVESTMENT GRADE

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QUAKER SQUARE (PHASE I) 1031 INVESTMENT GRADE

2789 EAST STATE STREET, SALEM, OH 44460

N/A

11,075 SF | Retail

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Recently Completed

Retail Property - Off Market

Price:
N/A
Gross Leasable Area:
11,075 SF
Property Type:
Retail
Property Sub-type:
Community Center
Property Use Type:
Investment
Cap Rate:
7%
Occupancy:
100%
No. Stories:
1
Tenancy:
Multiple
Year Built:
2005
Lot Size:
1.30 AC
Parking Ratio:
4.50 / 1,000 SF
Listing ID
14418948
Last Updated
over 1 year ago

Highlights

  • BEST LOCATED CENTER WITHIN TRADE AREA
  • NEW CLASS A MASONRY BRICK CONSTRUCTION
  • SHARES TRAFFIC SIGNAL WITH NEW SUPER-WALMART
  • BROKERS WELCOMED AND PROTECTED
  • SHARES TRAFFIC SIGNAL WITH NEW HOME DEPOT
  • LOCATED WITHIN EXPANDING NEW TRADE AREA

Description

QUAKER SQUARE IS THE BEST LOOKING AND BEST LOCATED SHOPPING CENTER WITHIN THE ENTIRE SALEM/COLUMBIANA COUNTY TRADE AREA. CENTER HAS GREAT ACCESS AND PERFECT EXPOSURE. WITH TENANT'S SUCH AS MOVIE GALLERY, MAURICE'S, AND ALLTEL. ALL OF WHICH HAVE SIGNED CORPORATE 5 YEAR LEASES, WITH ESCALATIONS IN OPTION PERIODS. DELIVERY OF SPACE TO TENANTS IS DECEMBER 2005. CENTER IS PART OF A TWO PHASE DEVELOPMENT, PHASE II CAN BE INCLUDED OR EXCLUDED FROM PHASE I. ALL LEASES ARE NNN, WITH TENANT'S PAYING ALL EXPENSES. WOULD MAKE A PERFECT 1031 EXCHANGE PROPERTY. BUILDING IS 100% LEASED

SITUATED AT A SIGNALIZED HARD CORNER THIS SOON TO BE COMPLETED CLASS A RETAIL PLAZA IS LOCATED DIRECTLY ACROSS FROM BOTH A NEW HOME DEPOT, AND SUPER WALMART. THIS AREA IS FAST GROWING WITH NUMEROUS OTHER NATIONAL/REGIONAL RETAILERS OPENING NEW STORES WITHIN THE MARKET, THIS CENTER OUT POSITIONS THEM ALL. LOCATED AT A SIGNALIZED HARD CORNER, WHICH SHARES THE LIGHT WITH HOME DEPOT, AND FREE STANDING DUNKIN DOUGHNUTS AND SUPER WALMART.

Map of 2789 EAST STATE STREET, SALEM, OH 44460 (Columbiana County)

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