Log In/Sign Up
Your email has been sent.
Grocery Anchored Ctr(30 Yr History)|8.15% CAP 8287 - 8295 Windham St 45,083 SF 100% Leased Retail Building Garrettsville, OH 44231 $4,290,000 ($95.16/SF) 8.15% Cap Rate
INVESTMENT HIGHLIGHTS
- JUST REDUCED!: Grocery Anchored Neighborhood Center: Attractive 8.15% CAP Rate and Low Price Point of $95/S.F. (Below Market Sales Comparable).
- Strong Anchor Commitments: IGA Grocery, Family Dollar/ Dollar Tree and Pride Auto Wash Making Up Almost 70% of the Center Leased to 2030 and Beyond.
- Brand-New AutoZone (NAP) Built Adjacent to IGA, Drawing Complimentary Tenant Foot Traffic.
- Solid Operating History: Grocer has Operated at this Location for 30 Years & Many Original Tenants That Have Consistently Exercised Renewals .
- Family Dollar/Dollar Tree Expanded and Self-Funded Part of the TI in 2022.
- Future Upside: Replaceable Below Market Rental Rates, Possible Conversion of Gross to NNN Leases and Future Developable Land of Approx. 2 Acres.
EXECUTIVE SUMMARY
JUST REDUCED!
Strong Growing Community with High Average Household Incomes of $99,500+ in the Immediate Trade Area (5-Mile Radius) with Expected Continued Growth as Evidenced by Multiple Nearby Housing Developments Under Construction (The Reserve at Eagle Creek with 118 Brand-New Homes)
Limited Area Competition: Center Supports Garrettsville Community, Along with the Surrounding Communities of Windham, Nelson, Mantua and Hiram (Next Major Full-Service Grocer is Over 12 Miles Away!)
Just 1 Mile from The James A. Garfield Local School District Operating (Elementary, Middle and High School): Over 1,500 Students and Consistently Earning an 'Excellent' State Rating and 4 Miles to Hiram College Boasting 1,090 Students and Nearly 100 Staff Members
Significant Employment Base Being Positioned Between Akron and Youngstown: University of Akron (Approx. 25,865 Students & 2,500 Employees), the Biomedical Corridor Featuring World-Renowned Hospitals and Nearly 17,000 Total Employees, First Energy (2,500 Employees), Along with Kent State (Approx. 39,365 Students & 9,445 Employees), Trumbull Memorial, St. Joseph Warren Hospital and Youngstown State University (Approx. 15,000 Students & 1,130 Employees)
Strong Growing Community with High Average Household Incomes of $99,500+ in the Immediate Trade Area (5-Mile Radius) with Expected Continued Growth as Evidenced by Multiple Nearby Housing Developments Under Construction (The Reserve at Eagle Creek with 118 Brand-New Homes)
Limited Area Competition: Center Supports Garrettsville Community, Along with the Surrounding Communities of Windham, Nelson, Mantua and Hiram (Next Major Full-Service Grocer is Over 12 Miles Away!)
Just 1 Mile from The James A. Garfield Local School District Operating (Elementary, Middle and High School): Over 1,500 Students and Consistently Earning an 'Excellent' State Rating and 4 Miles to Hiram College Boasting 1,090 Students and Nearly 100 Staff Members
Significant Employment Base Being Positioned Between Akron and Youngstown: University of Akron (Approx. 25,865 Students & 2,500 Employees), the Biomedical Corridor Featuring World-Renowned Hospitals and Nearly 17,000 Total Employees, First Energy (2,500 Employees), Along with Kent State (Approx. 39,365 Students & 9,445 Employees), Trumbull Memorial, St. Joseph Warren Hospital and Youngstown State University (Approx. 15,000 Students & 1,130 Employees)
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
45,083 SF
Building Class
C
Year Built/Renovated
1960/2009
Price
$4,290,000
Price Per SF
$95.16
Cap Rate
8.15%
NOI
$349,600
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Lot Size
6.81 AC
Zoning
C - Commercial
Parking
150 Spaces (3.33 Spaces per 1,000 SF Leased)
Frontage
270’ on Windham St
AMENITIES
- Bus Line
- Pylon Sign
- Signage
- Drive Thru
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- IGA
- -
-
99,999 SF
- -
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| IGA | - | 99,999 SF | - | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 19-003-00-00-025-002 | Improvements Assessment | $195,300 (2024) |
| Land Assessment | $52,150 (2024) | Total Assessment | $247,450 (2024) |
PROPERTY TAXES
Parcel Number
19-003-00-00-025-002
Land Assessment
$52,150 (2024)
Improvements Assessment
$195,300 (2024)
Total Assessment
$247,450 (2024)
1 of 11
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Grocery Anchored Ctr(30 Yr History)|8.15% CAP | 8287 - 8295 Windham St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.