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Reduced: Westfield SC - Kroger Shadow-Anchored
803 N. Houk Road, Delaware, OH 43015
33,625 SF | Retail
Retail Property - Off Market
- Building Size:
- 33,625 SF
- Property Type:
- Property Sub-type:
- Retail (Other)
- Property Use Type:
- Commission Split:
- Cap Rate:
- No. Stories:
- Year Built:
- Lot Size:
- 7.01 AC
- APN / Parcel ID:
- Parking Ratio:
- 5.30 / 1,000 SF
- Listing ID
- Last Updated
- over 1 year ago
- Kroger Shadow anchored center that is 100% occupied.
- Assumable non-recourse financing at 6.08% interest.
- Kroger recently expanded store by 25,000 sf to meet consumer demand.
- 81% of the tenants GLA were original tenants at the center in this dominant location.
- Delaware is approximately 10 miles north of Columbus, OH with over 150,000 people and since 2000 has grown 36%, 12th fastest in the nation.
- Excellent mix of national, regional and local tenancy including GNC, Great Clips, Pak Mail, Blockbuster and Hallmark.
Westfield Shopping Center is a Kroger shadow-anchored community shopping center located in Delaware, Ohio. The property is 100% leased to 15 tenants which include the recently expanded Kroger (shadow-anchored and not part of the subject property), Hallmark, Radio Shack, GNC, Great Clips, Pak Mail and Sleep Outfitters. Westfield Shopping Center is being offered with assumable non-recourse financing at 6.08% affording investors positive leverage at the asking 8.6% capitalization rate. Property was built in 2001 and over 80% of the tenancy are original tenants at the center. Property is the dominant center closest to all the roof tops inthis market.
Westfield Shopping Center is located at the northwest corner of SR 37 and N. Houk Road in Delaware, Ohio which is approximately 30 miles notrth of the Columbus CBD but considered a bedroom community. Delaware's population is over 150,000 and since 2000 has grown 36.6% which is 12th fastest percentage in the nation.
Map of 803 N. Houk Road, Delaware, OH 43015 (Delaware County)
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The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-BSO