255 Meadowlands Dr | Chardon, OH 44024
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255 Meadowlands Dr
Chardon, OH 44024
Meadowlands Town Center · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- IMMEDIATE VALUE-ADD OPPORTUNITY | 81% LEASED | ±7,229 SF END CAP VACANCY – At 81% occupied
- 57% OF THE RENTAL REVENUE DERIVED FROM DOLLAR TREE AND FIVE BELOW
- WALMART AND HOME DEPOT SHADOWED – BOTH OWN THEIR OWN STORE – The Property benefits greatly from the best-in-class shadow anchors in Walmart
- DAILY NEEDS SERVICE ORIENTED STRIP CENTER | RECENT EXTENSIONS & LEASING MOMENTUM | NATIONAL TENANTS – The Property is ±37,916 square feet
- LONG-TERM NNN LEASES | WEIGHTED AVG. LEASE TERM (WALT) OF ±7 YEARS
- BEING OFFERED BELOW REPLACEMENT COST – UNDER $130 PSF | ANNUAL BASE RENT = $10.43 PSF
PROPERTY FACTS
Property Type
Retail
Building Size
37,916 SF
Building Class
B
Year Built
2007
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.01
Lot Size
66.00 AC
Zoning
C3
Parking
275 Spaces (7.25 Spaces per 1,000 SF Leased)
Frontage
283’ on Meadowlands Dr
AMENITIES
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Number | 10-165669 | Improvements Assessment | $986,410 |
| Land Assessment | $222,180 | Total Assessment | $1,208,590 |
PROPERTY TAXES
Parcel Number
10-165669
Land Assessment
$222,180
Improvements Assessment
$986,410
Total Assessment
$1,208,590
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