Lakewood Village Shopping Center

Celina, Ohio
Harbor Freight Storefront

Lakewood Village Shopping Center

1921-1955 Havemann Road
Celina, OH 45822

Offering Summary

  • Status: active
  • Price: $6,217,000
  • CAP Rate: 8.25%
  • GLA: 105,162 SF
  • Net Operating Income: $512,908
  • Price/SF: $59.12
  • Year(s) Built: 1990
  • Lot Size (Acres): 20.35
  • Major Tenants: Dunham's Sports, Kroger, Harbor Freight, Aaron's
  • 94.5% Occupied, 105,162 SF Kroger-Anchored Shopping Center in Celina, OH
  • Anchored  by  Kroger-Owned  Ruler  Foods (24%  of  GLA) Thru February 2025; Recent 5-Year Extension; Kroger Co. Guaranty
  • Brand-New 10-Year Harbor Freight NNN Lease (17% of GLA) Thru 2031 with 14% Rent Bump in 2026
  • Co-Anchored by Dunham’s Sports (33% of GLA) Thru January 2025; 2020 Sales up 35% YoY from 2019 ($4.02M); Recent 5-Year Extension
  • Directly Across from, and Shares Access Signals with, Walmart Supercenter and Menards
  • 43 Minutes (33 Miles) to next closest Dunham’s, 75 Minutes (60 Miles) to closest Dick’s
  • 24 Minutes (21 Miles) to next closest Walmart
  • E-Commerce Proof Small-Shop Tenancy with Several National Tenants: Aaron’s, Asian Buffet, Cricket Wireless, Hot Head Burritos, Manpower, U.S. Army
  • Upside  via  Lease-Up  of  3  Small-Shop  Vacancies  Totaling 5,800 SF (5.5% of GLA)
  • Located off of Busiest Intersection in the Area with 26,110 Cars/Day
  • Middle Income Demographics: Average Household Income of $70K within 1, 3 & 5-Mi Radii
  • 217,000    Person    Regional    Trade-Area:    Property    Draws Significant Traffic from Surrounding Cities
EXCLUSIVELY LISTED BY:

Scott Wiles

Senior Managing Director