Historical Retail Sale Listing - Reduced: Westfield SC - Kroger Shadow-Anchored

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Reduced: Westfield SC - Kroger Shadow-Anchored

803 N. Houk Road, Delaware, OH 43015

N/A

33,625 SF | Retail

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Retail Property - Off Market

Price:
N/A
Building Size:
33,625 SF
Property Type:
Retail
Property Sub-type:
Retail (Other)
Property Use Type:
Investment
Commission Split:
4.5%
Cap Rate:
8.60%
Occupancy:
100%
No. Stories:
1
Tenancy:
Multiple
Year Built:
2001
Lot Size:
7.01 AC
APN / Parcel ID:
519-320-22-001-000
Parking Ratio:
5.30 / 1,000 SF
Listing ID
16327475
Last Updated
over 1 year ago

Highlights

  • 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.

Description

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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