Freestanding For Sale
32,238 Sq Ft
Marcus & Millichap, on behalf of ownership as its exclusive advisor, is pleased to bring to market Planet Fitness Shopping Center, a 32,238 square foot Lowe’s, Target & Kohl’s-anchored retail center occupied by Planet Fitness, Petco, and Antonio’s Pizza, and located in Wadsworth, Ohio. The Lowe’s, Target & Kohl’s boxes and parcels are all corporately owned by the retailers themselves. Petco is an original tenant and is leased through January 2023, and Planet Fitness is a new tenant replacing MC Sports. Planet Fitness and Antonio’s Pizza signed new ten-year leases in December 2017 and October 2015, respectively, providing substantial remaining lease term. Petco exercised its option in 2017, demonstrating commitment to the site.
Wadsworth Crossings is located at the interchange of Interstate 76 and Ohio State Route 261 (Akron Road). Traffic counts in the immediate vicinity are substantial, with 48,616 cars per day on Interstate 76, and 12,172 cars per day on Route 261. With convenient access to the freeway, Wadsworth Crossings is a major shopping and dining destination for residents of communities neighboring Wadsworth, including Norton, Barberton, Rittman, Doylestown, Seville, and Southwest Akron. Demographics in the surrounding area are stable and mature, with 28,731 residents within three miles, 59,993 residents within five miles, and average household income between $73,000 and $78,000 in three-, five-, and ten-mile radii. Other notable tenants within immediate proximity to the subject property include Giant Eagle, GetGo, and KeyBank. Wadsworth is part of the larger Cleveland-Elyria metropolitan area, which is home to more than two million residents.