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8287 - 8295 Windham St
Garrettsville, OH 44231

$4,290,000 USD

Freestanding For Sale  •  45,083 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 45,083 SF
  • Lot Size 6.81 AC
  • Building Class C
  • Year Built 1960
  • Cap Rate 8.15 %
  • Tenancy Multiple
  • Zoning C
0 Transit Score
40 Walk Score

Highlights

Grocery Anchored Neighborhood Center: Attractive 8.15% CAP Rate and Low Price Point of $95/S.F. (Below Market Sales Comparable)
Solid Operating History: Grocer has Operated at this Location for 30 Years & Many Original Tenants That Have Consistently Exercised Renewals
Strong Anchor Commitments: IGA Grocery, Family Dollar/ Dollar Tree and Pride Auto Wash Making Up Almost 70% of the Center Leased to 2030 and Beyond
Family Dollar/Dollar Tree Expanded and Self-Funded Part of the TI in 2022
Brand-New AutoZone (NAP) Built Adjacent to IGA, Drawing Complimentary Tenant Foot Traffic
Future Upside: Replaceable Below Market Rental Rates, Possible Conversion of Gross to NNN Leases and Future Developable Land of Approx. 2 Acres

Property Flyers

Cap Rate: 8.15 %

Major Tenants

Tenant SF Occupied Lease End Date
Family Dollar 10,993 SF 9/30/2032
IGA 17,990 SF 12/1/2032

Amenities

  • Bus Line
  • Pylon Sign
  • Signage
  • Drive Thru

Public Transportation

AirportDriveWalkDistance
Akron-Canton Regional 58 min - 42.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 150
Type: Surface
Included in Rent: Yes
Bob Havasi 216-562-1981 Cooper Commercial Investment Group
Bob Havasi 216-562-1981 Cooper Commercial Investment Group