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8287 - 8295 Windham St
Garrettsville, OH 44231
Grocery Anchored Ctr(30 Yr History)|8.15% CAP · Retail Property For Sale
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
Property Facts
Property Type
Retail
Property Subtype
Building Size
45,083 SF
Building Class
C
Year Built/Renovated
1960/2009
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
Property Taxes
| Parcel Numbers | Improvements Assessment | $741,270 | |
| Land Assessment | $104,160 | Total Assessment | $845,430 |
Property Taxes
Parcel Numbers
Land Assessment
$104,160
Improvements Assessment
$741,270
Total Assessment
$845,430
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