Property For Sale Listing 169134
Maple Leaf Plaza
Status as of Sep-7-2008 at 01:22 AM: Active
Property Summary
We are pleased to offer The Maple Leaf Plaza in Chardon, Ohio. This 149,120 square foot shopping center is shadow anchored by a new 80,000 square foot Giant Eagle, and is located in the heart of the retail corridor in Chardon. Over 90% of the center is occupied by major national tenants including Peebles, Subway, Fashion Bug, Best Cuts, Tractor Supply, H & R Block, GNC, and Yum Yum Tree. All current leases in the center are true net leases, with the owner being reimbursed for 96% of the total operating expenses. The Maple Leaf Plaza offering gives the opportunity for an investor to purchase this investment at a low price per square foot, with the upside being in the leasing of the two vacancies at market rate. The subject property is situated in the suburb of Chardon, OH within the Greater Cleveland MSA. Exceptional demographics surround the subject property, with a 10-mile radius population of 123,003 and an above-average household income of $78,824. Additionally, the Maple Leaf Plaza enjoys average daily traffic counts on Water Street in excess of 15,000 VPD.
Categories
Location
| Classification: | United States // Midwest States // Ohio |
|---|
Price
| Price Classification: | Between $10 Million and $15 Million |
|---|---|
| Asking Price: | $10,900,000 |
Property Type
| Classification: | Retail-Commercial Properties |
|---|
