5100 Wilson Mills Rd | Richmond Heights, OH 44143
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- LoopNet Team
5100 Wilson Mills Rd
Richmond Heights, OH 44143
Dave's Market | Price Adjustment · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- PANDEMIC AND INTERNET-PROOF ASSET, ANCHORED BY A HIGH-END REGIONAL GROCER – DAVE’S MARKET with 13 locations throughout Ohio
- OVER FIVE YEARS OF REMAINING LEASE TERM (THROUGH 2025) with a long history of success, dating back 27 years to 1993
- PHENOMENAL DENSITY WITH 236,534 PEOPLE WITHIN 5 MILES OF THE PROPERTY and an average household income of $85,094 within 3 miles
- IDEALLY-SITUATED DIRECTLY ACROSS FROM BELLE OAKS – A $250M MIXED-USE REDEVELOPMENT OF RICHMOND TOWN SQUARE MALL W/ 791 LUXURY APTS & 315K SF RETAIL
- DAVE’S MARKET INCLUDES A STATE LIQUOR STORE AND BOASTS VERY STRONG OVERALL SALES with an advantageous tenant occupancy cost of just 2.4%
- TRIPLE NET LEASE STRUCTURE VIA STRONG REGIONAL TENANT, PROVIDES ATTRACTIVE, ‘HANDS-OFF OWNERSHIP’ with minimal Landlord responsibilities
PROPERTY FACTS
Property Type
Retail
Property Subtype
Supermarket
Building Size
66,572 SF
Building Class
B
Year Built/Renovated
1994/2000
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.28
Lot Size
5.44 AC
Zoning
B-1
Parking
299 Spaces (5.24 Spaces per 1,000 SF Leased)
Frontage
600’ on WILSON MILLS RD
AMENITIES
- Pylon Sign
- Signage
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 662-30-007 | Improvements Assessment | $735,035 |
| Land Assessment | $580,265 | Total Assessment | $1,315,300 |
PROPERTY TAXES
Parcel Number
662-30-007
Land Assessment
$580,265
Improvements Assessment
$735,035
Total Assessment
$1,315,300
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