Major Tenants: At Home, Fun City, Burlington, Planet Fitness, Petitii Garden Center, Michael's, Chuck E. Cheese, DFWH
94% Occupied, 309,761 SF Shopping Center Offering in Affluent Cleveland Suburb
98% of Occupied GLA (12 of 15 Tenants) are National, Regional, or Multi-Location Local Retailers; Only 5,348 SF Leased to Single-Location Local Tenants
Value-Add Potential: 6% of Vacant GLA Available for Lease-Up + Potential for 3 Pad Site Developments/Ground-Leases
Low In-Place Average Rent of $7.87/SF NNN / Materially Lower than Neighboring Competing Centers’ Rents
Combined 36,156 VPD between 3 Corridors Providing Property Access
Offered at $85/SF Basis (< 30% of Replacement Cost); Extremely Low Basis Protects from New-Construction Competition and Provides Rent Flexibility vs. Neighboring Centers
97% of Roofs Replaced Since 2012 with Existing Warranties In-Place
Easy-to-Manage Tenancy/Lease Structure: 6 Largest Tenants Comprise 84% of Occupied GLA & 80% of Revenue / 13 of 16 Leases are Triple-Net
Affluent/Dense Demographics: $100K – $105K 3/5-Mi AHHI; 107K Five-Mile Population
Shadowed by 1.2 Million SF Great Lakes Mall: 5.1M Annual Visits, #1 Visited Mall in 15-Miles; Anchored by Dick’s House of Sport (Opening Fall 2027), Dillard’s, JCPenney, Round1Entertainment, & More
Situated within One of Ohio’s Top Retail Trade Areas: 3.5+ Million SF of Retail / Prominent Neighbors: ALDI, T.J. Maxx, Ross, Marshalls, Best Buy, Hobby Lobby, Levin Furniture, Ashley, Atlas Cinemas, Barnes & Noble, Dick’s House of Sport, Old Navy, and Dozens of Restaurants
Located within the 2.2M Person Cleveland MSA; Part of the Larger 3.7M Person Cleveland-Akron-Canton CSA