4908 Turney Rd | Garfield Heights, OH 44125
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4908 Turney Rd
Garfield Heights, OH 44125
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 100% Occupied, 168,062 SF Grocery- Anchored Community Shopping Center in Garfield Heights, OH (Cleveland MSA)
- Dave’s Markets Reports Consistently Strong Sales; Low 1.77% Rent-to-Sales Ratio
- Substantial Base of Long-Term Tenants – 54% of GLA In-Place 20+ Years; Cheap/Replaceable Rents Averaging $5.41/SF NNN ($8.97/SF Gross)
- Anchored by Dave’s Markets Grocery Store (34% of GLA) on NNN Lease thru 12/2026 – Grocery Anchor In- Place for 45 Years
- Offered Free & Clear of Existing Debt Providing Ability for Purchaser to Secure Acquisition Financing Pursuant to Investment Strategy
- New Facade Installed at Shopping Center in 2016
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront
Building Size
78,000 SF
Building Class
B
Year Built/Renovated
1962/1974
Tenancy
Multiple
Building FAR
0.37
Lot Size
4.79 AC
Zoning
U-4
Parking
650 Spaces (9.15 Spaces per 1,000 SF Leased)
Frontage
210’ on Turney Rd
AMENITIES
- Signage
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 541-19-002 | Improvements Assessment | $687,015 |
| Land Assessment | $218,855 | Total Assessment | $905,870 |
PROPERTY TAXES
Parcel Number
541-19-002
Land Assessment
$218,855
Improvements Assessment
$687,015
Total Assessment
$905,870
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