75 Amberwood Pky
Ashland, OH 44805
Walmart Shad|Dollar Tree Early Renewal (2027) · Retail Property For Sale

The Cooper Commercial Investment Group has been exclusively retained by ownership to sell Amberwood Center, a 34,553 S.F. retail center, shadow anchored by a Walmart Supercenter located in Ashland, Ohio. The high-quality brick construction asset, anchored by Dollar Tree is being offered for $2,730,000, representing an attractive 8.00% CAP Rate and low $79/SF, which is well below replacement cost. The 80% occupied property offers stability with Dollar Tree’s recent extended lease through 3/31/2027, as well as potential upside through lease-up of the remaining vacant units. Amberwood Center boasts other recent lease extensions and several new lease executions. Built in 2006, Amberwood Center has a modern curb appeal with solid brick construction. The property offers multiple points of ingress/egress for easy access and prominent monument signage, including being positioned in front of the Walmart Supercenter. The center includes a variety a retailers/services making 50% of the center nationally-recognized, corporately backed leases. Dollar Tree is the nation's leading operator of single-price-point dollar stores, while Humana has ranked No. 1 in Health Care Providers industry for three consecutive years and 11 overall on 2018 list from JUST Capital and Forbes, GNC is the world's largest company of its kind and Sally Beauty is the largest retailer of professional beauty supplies in the world, along with some well-known regional tenants. Ashland is a city in and the county seat of Ashland County, Ohio, located 66 miles southwest of Cleveland and 82 miles northeast of Columbus. The city has direct highway access to I-71, a north-south Interstate Highway in the Great Lakes/Midwestern and Southeastern region. Its southern terminus is in Louisville, Kentucky and its northern terminus is at an interchange with Interstate 90 in Cleveland. The highway goes through the metropolitan areas of Louisville, Cincinnati, Columbus, and Cleveland. Not only is accessibility important but Ashland is a strong community with a strong employment base. Nestled between two of Ohio’s largest cities, Cleveland and Columbus, Ashland’s cost of living is 14 percent lower than the national average and is ranked 10th in the country according to CBS Money Watch. Ashland’s largest employer is Ashland University, a private institution in Ashland, ranked in the Top 200 of colleges and universities in the National Universities category by U.S. News and World Report. The university boasts 6,700 students and nearly 900 employees. Furthermore, Ashland excels at healthcare with Cleveland’s world-renowned University Hospitals Samaritan Medical Center. The hospital is a is a 52 staffed bed acute care facility with 725 employees to serve the community. Additionally, Ashland boasts a strong employment base through Charles River Laboratories, a global network of testing facilities that has 875 employees, Mansfield Plumbing adding 700 employees to the area, Ashland County (510 employees), Ashland City Schools (400 employees) and BCU Electric with 400 as well.