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34101-34173 Center Ridge Rd
North Ridgeville, OH 44039
Providence Square: Grocery Shadow | 8.25% Cap · Retail Property For Sale
Investment Highlights
- 88% Occupied, 22,804 SF Neighborhood Strip Center Offering
- 9.5% Stabilized CAP Rate: Upside via Lease-Up of Two Small-Shop Units (1,660 SF & 1,050 SF)
- All NNN Leases - 90% Recapture of RET/INS/CAM/MGT Expenses on 88% Occupancy
- Located in North Ridgeville (2nd Fastest Growing City in Cleveland MSA), 1.5 Miles from Avon (Fastest Growing City in Cleveland MSA)
- Reasonable/Replaceable Rents: $14.39/ SF NNN Avg.
- Infill, Affluent Population Base – 10,034 Residents within 1-Mi; $96K AHHI within 3-Mi
Property Facts
Property Type
Retail
Property Subtype
Building Size
22,804 SF
Building Class
B
Year Built
2006
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Lot Size
4.30 AC
Zoning
Commercial
Parking
80 Spaces (3.51 Spaces per 1,000 SF Leased)
Frontage
332’ on Center Ridge Rd
Amenities
- Banking
- Pylon Sign
- Restaurant
- Signage
- Air Conditioning
Property Taxes
| Parcel Number | 07-00-017-130-024 | Improvements Assessment | $728,714 |
| Land Assessment | $58,839 | Total Assessment | $787,553 |
Property Taxes
Parcel Number
07-00-017-130-024
Land Assessment
$58,839
Improvements Assessment
$728,714
Total Assessment
$787,553
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