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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+
- 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
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)
Financial Summary (Actual - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$349,600
|
$7.75
|
Financial Summary (Actual - 2026)
| 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 | $349,600 |
| Annual Per SF | $7.75 |
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
-
- Arts, Entertainment, and Recreation
- 5,000 SF
- -
- Jun 2027
Snap Fitness is a worldwide 24/7 gym leader. With years in the industry, they provide their gym franchise owners with a strong support network that comes with a wealth of experience and in-market knowledge. Since their launch in 2003, Snap Fitness has grown worldwide. As a global brand committed to being the best fitness franchise, they've continued to set new benchmarks for innovation in the fitness and franchising markets. With the fitness market poised for continued growth, they're on a mission to reframe the notion of working out by offering the most inclusive fitness experience. Club owners may offer additional amenities, such as an infrared spa or body composition analysis a la carte or as part of a premium membership package.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | 10,993 SF | - | Sep 2032 | ||
| IGA | - | 17,990 SF | - | Dec 2032 | ||
|
|
Arts, Entertainment, and Recreation | 5,000 SF | - | Jun 2027 |
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
Presented by
Grocery Anchored Ctr(30 Yr History)|8.15% CAP | 8287 - 8295 Windham St
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