1799 Portage Rd
Wooster, OH 44691
Portage Crossings · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 100% Occupied, 106,042 SF 3-Tenant Grocery-Anchored Community Shopping Center in Wooster, OH
- Seller has Invested Over $3 Million in CapEx Including New Roof, All-New HVAC, Storefronts, Exterior Paint & Extensive New Built-Outs
- Marc’s has Upcoming 7% Rent Increase in August 2024 (+$0.50/SF, +$25,096 Annually)
- Complete Renovation from 2019-2022 with All-New Leases, Build-outs & Extensive Capital Improvements
- Anchored by Marc’s (47.3% of GLA) on NNN Lease thru July 2029; 2022 Sales Exceeded Percentage Rent Breakpoint – Contact Agent for Details
- Ollie’s Bargain Outlet (37% of GLA) – Leased thru March 2028; Reports Strong Sales with Low 6.4% Rent-to-Sales Ratio
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
106,042 SF
Building Class
C
Year Built
1972
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
12.53 AC
Zoning
C-3
Parking
602 Spaces (5.68 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 67-01601-002 | Improvements Assessment | $1,317,580 |
| Land Assessment | $346,310 | Total Assessment | $1,663,890 |
