Century Square Plaza

Austintown, OH (Youngstown MSA)

Offering Summary

  • Status: active
  • Price: $4,205,000
  • CAP Rate: 7.25%
  • GLA: 40,050 SF
  • Net Operating Income: $304,997
  • Price/SF: $105
  • Year(s) Built: 1996
  • Year(s) Renovated: 2021
  • Lot Size (Acres): 8.233
  • Major Tenants: Goodwill, Dollar Tree
  • 40,050 SF Walmart-Shadowed Two-Tenant Retail Offering in Austintown, OH (Youngstown MSA)
  • Attached to High-Performing Walmart Supercenter (NAP) | 2.4 Million T12 Customer Visits; Top 26% in Ohio
  • Goodwill (61% of GLA) – Former Sears Building Retrofitted for Goodwill, 10.5-Year NNN Lease thru October 2031 | New Roof 2021
  • Dollar Tree (39% of GLA) – In-Place Since 2004 on NNN Lease with Recent 10 Year Renewal | Top 28% Nationally (Placer.ai)
  • Strong Performing Stores per Placer: Dollar Tree top 83% and Goodwill top 55%
  • 7.48 Years of Overall WALT
  • Major Capital Improvements in 2021: New Roof on Goodwill GLA w/ 20 Year Warranty, New HVAC on Entire GLA, Parking Lot Milled &
  • Resurfaced, All New LED Fixtures on Parking Lot Poles & Building Security Lighting, New Pylon Sign
  • NNN Structure Provides 100% Reimbursement of RE Tax, CAM, and Insurance with 10% Admin Fees as well
  • Low All-in Average Occupancy Cost of $9.87/SF ($7.67/SF NNN Average Base Rent)
  • Newly Built Take 5 Oil Change, Take 5 Car Wash, and Dunkin’ Donuts Outparcels to Subject Property Further Emphasize the Quality of the Location
  • 1.38-Acre Pad Included in Offering
  • Within Immediate Proximity to Exiting Home Depot and the Site of a New Meijer Superstore ($3.5M Invested by Meijer in Land Acquisition)
  • Located on Mahoning Ave – Busy East-West Arterial & Primary Retail Corridor for with Strong Traffic Counts of 27,761 VPD
  • Situated Directly Between OH-11 Exit Ramps (30,577 VPD) and I-80/Ohio Turnpike Exit (65,219 VPD)
  • Middle-Income Demographics: 30,347 Residents in 3-Mi & 67,510 Residents in 5-Mi with AHHI of $92,164 in 1-Mi
  • Other Prominent Retailers in the Immediate Vicinity Include Meijer, Giant Eagle, Tractor Supply Co., Marc’s, Harbor Freight, Planet Fitness, Aldi, Rite Aid, Walgreens, and Dozens of Restaurants
  • Youngstown MSA – Home to a Population of 540,000, Approximately One-Hour Drive from Cleveland, Akron, Canton & Pittsburgh
EXCLUSIVELY LISTED BY:

Craig Fuller

Senior Managing Director