Arlington Ridge Marketplace

Akron | Ohio

Arlington Ridge Marketplace

790 Arlington Ridge | Akron, OH 44319

Offering Summary

  • Status: accepted offer
  • Price: Open-Bid
  • NOI: $1,551,123
  • GLA: 86,734 SF
  • Net Operating Income: $1,551,123
  • Year(s) Renovated: 2007
  • Major Tenants: Dollar Tree, Pet Supplies Plus, Famous Footwear, Panera Bread, Chipotle
  • 100% Occupied Target Shadowed Regional Shopping Center Comprised Of Necessity-Based and Service-Oriented Retail Tenants
  • Major National Shop Tenants Include Dollar Tree, Pet Supplies Plus, Panera Bread, Bath & Body Works, Chipotle, Five Guys, T-Mobile, Verizon, Spectrum, and Famous Footwear
  • New Chick fil A Being Developed on Pad Site Immediately Adjacent to the Center
  • Strong Long-Term Investment Fundamentals – 51% of GLA in Place for 15+ Years
  • Imminant Mark to Mark Opportunity – Projected 3.87% 10-Year NOI CAGR
  • Located Along South Arlington Road With Exposure To 26,198 VPD And Immediate Access To Interstate 77 Carrying 104,142 VPD
  • 11 of 23 Tenants Original to Centers Development in 2007/2008
  • Diverse Tenant Mix Reduces Income Concentration Risk With No Single Tenant Accounting For More Than14% Of GLA
  • WALT Of 3.06 Years Creates Mark to Market Opportunity – 14 of 23 Tenants have 1 or No Options Remaining
  • Affluent Demographics Featuring AHHI of $127K Within Immediate Area
  • Dense Infill Trade Area Supported By Population Of More Than 100,000 Residents Within 5 Miles
  • Consumer Spending Exceeds $1.2 Billion Within Five Miles Supporting Long-Term Retail Demand Institutionally Maintained 2007 Construction With Modern Site Layout And Strong Parking Ratio Of 10 Spaces Per 1,000 SF
  • Excellent Accessibility Via Multiple Points Of Ingress/Egress Near Interstate 77 Interchange And Major Retail Thoroughfares
EXCLUSIVELY LISTED BY:

Erin Patton

Senior Managing Director