24101-24201 Lorain Rd
North Olmsted, OH 44070
Bentley Coe Plaza - 100% Leased Strip Center · Retail Property For Sale

For sale is the 100% fee-simple interest in Bentley Coe Plaza, a 36,516 square foot neighborhood strip center located in one of the most dynamic retail markets in all of Ohio; North Olmsted. Located on heavily-trafficked Lorain Road, with over 22,000 vehicles per day, the property features an ideal mix of both tenured and new tenants including Cricket Wireless, Subway, Danny Boy’s Pizza, Fast Signs, and A Child’s View child care center. During recent renovations, new storefronts were installed during 2016/2017 and the façade was replaced in 2015. The property features all-brick construction along with two pylon signs and has multiple access points along Lorain Road. Currently 100% leased, Bentley Coe Plaza features average in-place rent of $12.26 per square foot, and provides the investor with a stable investment with reasonable rental rates. The shopping center faces Lorain Road and extends from Bentley Road to Coe Road, giving it excellent exposure to substantial daily traffic. The property is ideally situated just east of Columbia Road and is surrounded by national retailers including Taco Bell, Autozone, O’Reilly, Walgreen’s, Discount Drug Mart, and many others. Just west is the Great Northern Mall, a dominant enclosed regional mall driving traffic from 10 miles and beyond. The majority of national retailers and restaurants have a presence in North Olmsted, making it one of the most sought after retail trade areas in all of the state. Because of the property’s location, tenants are able to cater to a local and regional group of shoppers. North Olmsted is a southwest suburb of Cleveland, Ohio, and has approximately 32,000 residents. Within three miles from the center of the city, there are approximately 33,000 employees, along with 64,000 people earning an average household income of roughly $84,000. The city is known for its host of retail and restaurant amenities located along Lorain Road, Great Northern Boulevard, and Brookpark Road, including the 1.2 million square foot Great Northern Mall. Nearly every major retailer, both national and regional, has a presence in the city and some have more than one location. Due to the city’s Interstate 480 access, proximity to the Cleveland Hopkins International Airport (2 miles west), and sprawling retail, restaurant, and hospitality offerings, the city draws shoppers, employees, and travelers from miles in all directions and is the major shopping destination on Cleveland’s West Side. In addition to the hundreds of small and medium-sized business located in the city, Moen Incorporated, North America’s top manufacturer of faucets, is headquartered in North Olmsted and has over 600 employees on site.