602-628 Leona St
Elyria, OH 44035
Midway Square shopping Center · Retail Property For Sale

"Property tours are available by appointment ONLY. Please contact Scott Wiles at 216-264-2026 or swiles@marcusmillichap.com to schedule. The Midway Square Shopping Center (the ""Property"") is a ±38,305 SF Neighborhood Shopping Center located in Elyria, Ohio. Constructed in 1984, the Property is situated on ±2.26 acres at 602 Leona Street. It is currently 100% occupied by 9 tenants, all of whom have been in the Property between 3 to 27 years. The largest tenant, Dollar General (±20.52% of NRA and ±20.91% of total revenue) has been a tenant since June 2007 with a current lease expiration date of May 2020. The second largest tenant, Rent-A-Center, has vacated their unit and gone dark, but will continue to pay rents through the current term, which ends on April 30th, 2021. The average daily traffic count at the intersection of Interstate 90 and Lorain Boulevard, just ±0.36 miles north of the Property, exceeds 62,000 VPD. The Property is situated with road frontage on, and access from, Leona Street. Access to Interstate 80 is within a mile to the south. Interstate 90 is approximately a half-mile to the north, which provides service to Cleveland ±27.5 miles east. Cleveland Hopkins International Airport is approximately 18 miles east. Immediate surrounding land uses consist primarily of commercial and hospitality uses, with a small shopping center bordering the north side of the Property and Lowe's Home Improvement is directly southeast of the Property. The Property is within easy access to shopping centers, restaurants, and amenities. Nearby dining options include Chipotle, Golden Corral, Buffalo Wild Wings, Wasabi Steakhouse, Wendy’s, Denny’s, Bob Evans, McDonald’s, Olive Garden, Burger King, Applebee’s, and Malley’s Chocolates. Other area amenities include PNC Bank, U.S. Bank, Speedway, Carolina Cars, Grease Monkey, Aspen Dental, Best Cuts, PetSmart, Planet Fitness, Hear Wright, T-Mobile, and Huntington Bank. Nearby shopping options include Midway Market Square, Midway Mall, Midway Crossing, and Northgate Shopping Center."