Major Tenants: Shaker’s MarketPlace Grocery Store, Cleveland Clinic Express + Outpatient Care, Mi Rancho Mexican Restaurant, Angelina’s Pizza, The Original Steak and Hoagies
100% Leased, 57,275 SF Grocery-Anchored Neighborhood Retail Center in Olmsted Township, OH (Cleveland MSA)
Anchored by Shaker’s MarketPlace (59% of GLA) on NNN Lease thru July 2029
Shaker’s MarketPlace is Owned by a Multi-Unit Local Grocery Operator In Business Since the 1990’s
No Remaining Renewal Options for Shaker’s | Opportunity for Rent Upside and/or Credit Enhancement
Cleveland Clinic (15% of GLA) – Express & Outpatient Care Facility in Endcap Unit; Recent +/- $250K Tenant-Paid Renovation
Affluent, Highly-Desirable Area: $128K AHHI within 1-Mile
3-Tenant Outparcel Building with Majority Long-Term Leases Included in Sale – Located Directly at Hard Corner Intersection with Recent Façade Renovation
Tenants Include Mi Rancho Mexican Restaurant (2033 exp.), J.R. Miller Martial Arts (2026 Exp.), and The Original Steaks & Hoagies (2033 exp.)
Remaining Inline GLA Includes 7 Highly Desirable Small-Shop Units Ranging from 1,110 – 1,800 SF Each
All 7 Units Leased to Daily-Needs Operators: Pizza, Barber Shop, Coffee, Restaurants, Hair/Nails, Veterinarian
All 12 Tenants are NNN, 100% Recovery of Tax/Ins/CAM Expenses via NNN Lease Structures
Located at Epicenter of Olmsted Township’s Planned “Town Center” Development – Township is Commencing Infrastructure/Road-Widening Efforts
91.6% Recovery of Landlord Operating Expenses via Majority NNN Lease Structure
Only Shopping Center in the Area – Little to No Competition
Located at the Hard Corner of Bagley & Stearns Roads with 18,000+ VPD
1.6 Miles South of I-480 Exit Ramps at Stearns Road; I-480 Sees 60,435 VPD
Located in the Path of Growth/New Housing Development with Pulte Homes, K. Hovanian & Windward Communities All Building New Single-Family Housing in Olmsted Township
Drees Homes, Diyanni Homes, Ryan Homes, and More are all Building in Nearby Eaton, Columbia Station, North Ridgeville, Westlake, etc.
Cleveland MSA – Home to a Population of Over 2 Million; Part of the Larger Cleveland-Akron-Canton MSA with a Population of 3.5 Million