Marc’s

Auroa | Ohio (Cleveland/Akron MSA)

Offering Summary

  • Status: active
  • Price: $5,860,000
  • CAP Rate: 7.00%
  • GLA: 42,828 SF
  • Net Operating Income: $410,000
  • Price/SF: $136.83
  • Year(s) Built: 1973
  • Year(s) Renovated: 2016
  • Lot Size (Acres): 5.9955
  • Lease Type: Triple Net (NNN)
  • 42,828-SF Freestanding Marc’s Supermarket | Long-Term Triple-Net Lease
  • Recent 12-Year Lease Extension with 8+ Years Remaining
  • 30-Year Operating History at the Site Demonstrates Long-Term Commitment
  • Strong Store Performance | 471,000 Trailing-12-Month Visits and Ranked #2 Marc’s Location out of 9 Within a 15-Mile Radius (Source: Placer.ai)
  • Strong Reported Store Sales: See Agent for Details
  • Low rent of only $9.57/SF NNN | New Construction Grocery Deals Require Rents in the Mid-Upper Teens
  • Majority of Roof Replaced in 2019 with 20 Year Marranty Through December 2039 via Centimark
  • New LED Parking Lot Lots Replaced in 2023 Paid for by Tenant
  • Minimal Landlord Responsibilities: LL Roof/Structure Cost Responsibility Only
  • Marc’s is a Cleveland, OH-based Discount Grocery Chain in Business Since the 1970’s with 62 Stores in NE and Central Ohio & Estimated Annual Revenue Exceeding $1.2B
  • Adjacent to Aurora Farms Premium Outlets | 1.3 Million Annual Visitors Drive Significant Regional Draw and Cross-Shopping (Source: Placer.ai)
  • Affluent Trade Area With Exceptional Household Incomes | Average Household Income Exceeds $150K Within 3 Miles and Median Home Values Above $348K
  • Located Within the Highly Rated Aurora City School District | Ranked #4 in Northeast Ohio, #2 in the Akron MSA, and #15 Statewide by U.S. News & World Report
  • Communities and Schools | Supports Consistent Daily-Needs Grocery Demand
EXCLUSIVELY LISTED BY:

Craig Fuller

Senior Managing Director