Rini Plaza

North Ridgeville | Ohio

Offering Summary

  • Status: accepted offer
  • Price: $11,200,000
  • CAP Rate: 7.00%
  • GLA: 96,575 SF
  • Net Operating Income: $783,660
  • Price/SF: $115.97
  • Lot Size (Acres): 13.8
  • Major Tenants: Giant Eagle, Dollar Tree, ReMax, Mootown Creamery, T-Mobile, Wendy's, PNC Bank
  • 100% Occupied, 96,575 SF Giant Eagle Anchored Shopping Center
  • Recent 10-Year Giant Eagle Extension Thru 12/31/2029
  • Offering Includes 2 Out-Parcel Buildings/Tenants (Wendy’s and PNC Bank)
  • Strong Curb-Appeal with Brand-New Façade, Newer
  • Recent 10-Year Dollar Tree Extension Thru 9/30/2030
  • #1 Market-Share Grocer in Northeast Ohio (Giant Eagle)
  • Cheap Out-Parcel Ground-Rents ($41K = Wendy’s, $29K = PNC)
  • Growing/Affluent Demographics: $100,761 AHHI within 3-Mile Radius; 117,845 People within 5-Mile Radius
  • North Ridgeville is #1 Fastest Growing City in Northern Ohio; #6 Fastest Growing City in Ohio
EXCLUSIVELY LISTED BY:

Scott Wiles

Senior Managing Director