About This Restaurant
Investment Highlights
100% Occupied, 77,806 SF Grocery- Anchored Shopping Center in Alliance, Ohio History of Five 5-Yr (25 Years) of Grocer Option Renewals Freestanding AT&T Building on NNN Lease Included in Sale ? Potential Spin-Off Opportunity Upon Lease Extension Anchored by Marc?s Grocery Store (46% of GLA) on NNN Lease thru 8/2028; Tenant Since 1993 Co-Anchored by Pet Supplies Plus (16% of GLA) In-Place Since 1994, NNN Lease Thru 8/2024 Offered Free & Clear of Debt Allowing Prospective Purchaser to Secure New Financing According to Investment Strategy
Executive Summary
Property Details
- Sale Type Investment
- Property Type Retail
- Property Subtype Freestanding Freestanding General Retail Restaurant General Retail Storefront General Retail Supermarket Freestanding
- Building Size 77,806
- Building Class B
- Year Built 1993
- Price 9,345,000
- Price Per SF 120
- Cap Rate 7.50
- NOI 700,724
- Percent Leased 100
- Tenancy Multiple
- Building Height 1 Story
- Loading Docks 2 Exterior
- Building FAR 0.26
- Land Acres 6.99 AC
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
Nearby Amenities & Transportation
| Retail | Rent-A-Center | ||
| Retail | Marc's | ||
| Retail | ALDI | ||
| Retail | Starbucks | ||
| Retail | Bob Evans Restaurants | ||
| Retail | Meijer | ||
| Retail | Applebee's | ||
| Retail | Texas Roadhouse | ||
| Retail | Woodforest Bank | ||
| Retail | Grinders Above & Beyond |
Property Taxes
| Parcel Number | 07701041 | Improvements Assessment | $618,420 |
| Land Assessment | $1,616,900 | Total Assessment | $2,235,320 |
| Date Created: | 2024-07-16 04:18:05 | Last Updated: | 2024-07-16 04:18:05 |
| Address: | 2410-2468 W State St , Alliance, Ohio, 44601 | ||