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
- 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
- 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)
PROPERTY FACTS
AMENITIES
- Bus Line
- Pylon Sign
- Signage
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Retailer
- 10,993 SF
- -
- Sep 2032
Family Dollar is a national discount retail chain headquartered in Chesapeake, Virginia, operating as a subsidiary of Dollar Tree since 2015. The company provides affordable everyday merchandise including household goods, groceries, cleaning supplies, apparel, health and beauty products, and seasonal items. Originally founded in 1959 in Charlotte, North Carolina, Family Dollar expanded rapidly through the Southeast and later nationwide. After its acquisition by Dollar Tree, the corporate headquarters transitioned to Chesapeake, though Family Dollar continues to maintain major operations and a distribution presence in Matthews and Charlotte, North Carolina. The Chesapeake headquarters supports executive leadership, merchandising, supply chain, operations, and administrative functions for thousands of Family Dollar stores across the United States. The brand focuses on neighborhood convenience, operating small-format stores that emphasize essential products at low prices.
- IGA
- -
- 17,990 SF
- -
- Dec 2032
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Retailer | 10,993 SF | - | Sep 2032 | ||
| IGA | - | 17,990 SF | - | Dec 2032 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 19-003-00-00-025-002 | Improvements Assessment | $195,300 |
| Land Assessment | $52,150 | Total Assessment | $247,450 |
PROPERTY TAXES
Presented by
Grocery Anchored Ctr(30 Yr History)|8.15% CAP | 8287 - 8295 Windham St
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.