470-550 W Aurora Rd
Sagamore Hills, OH 44067
Sagamore Square · Retail Property For Sale

Long-Term Grocery Anchor: Sagamore Square is a quality neighborhood center anchored by Marc’s grocery store. With a 13.8% share, Marc’s is the #3 market share grocer in Cleveland. Marc’s provides a consistent, “daily needs” draw to the Property. They have had a successful history at this location since 1998 and just recently extended early for an additional 5 years taking their expiration out till 5/2027 – highlighting their commitment to the site and desire to remain here long-term. Well Below Replacement Cost: At $60 PSF, the Property is being offered well-below replacement cost – and with a quality grocery anchor in Marc’s that just recently extended its lease out until 5/2027. Strong Recent Leasing Momentum: With the recent early extension from Marc’s, taking their term out until 5/2027, this will provide an investor with substantial momentum to drive new leasing efforts off of and entice tenants into the center, significantly increasing cash flow at the Property. Strategic Location with Strong Demographics: Strategically located in between Cleveland and Akron, Sagamore Hills is an affluent residential community. Within a five-mile radius, there are nearly 64,000 residents with average household incomes in excess of $113,000.