2200 June Pky - Supermarket FOR SALE


Zanesville, OH 43701
$6,790,000 USD
440-915-7902
2200 June Pky, Zanesville, OH for Sale
$6,790,000 USD
Supermarket - FOR SALE
1/12
null | 8% Cap Rate

2200 June Pky
Zanesville, OH 43701


HIGHLIGHTS

  • Just Reduced to 8% CAP!! Single-Tenant Grocery: Riesbeck’s: Full Corp. Guaranty w/ Associated Wholesale Grocers (AWG), Largest Co-Op in USA
  • Absolute NNN with ZERO Responsibilities: Tenant Responsible for Roof and Structure with Build-to-Suit Location (2001) on Over-Sized 7.47-Acre Parcel
  • Associated Wholesale Grocers (AWG): Over $12.3 Billion in Annual Sales with Over 3,400 Locations
  • 9 Years of Term Remaining with Strong Commitment and Success Having 33 Years of Committed Tenancy
  • One of Top Sales Locations in Entire Chain According to Placer.ai Report | Excellent Frontage & High Traffic (35k VPD) at Signalized Corner Location
  • Positive Sale Growth Trend with Year-Over-Year Increase: 30% Sales Growth Since 2019 and 6% Year-Over-Year Sales Growth

OVERVIEW

• Rare Opportunity: 8% CAP Net Leased Grocery with 9 Years of Term Remaining | Strong Commitment and Success Having 33 Years of Committed Tenancy • Single-Tenant Grocery Investment Opportunity: Riesbeck’s Food Market with Full Corporate Guarantee by Associated Wholesale Grocers (AWG), the Largest Cooperative Food Wholesaler to Supermarkets and Grocery Stores in the United States • AWG: Over $12.3 Billion in Annual Sales with Over 3,400 Locations • Absolute NNN with ZERO Responsibilities: Tenant Responsible for Roof and Structure with Build-to-Suit Location (2001) on Over-Sized 7.47-Acre Parcel • One of Top Locations for Sales in Entire Chain According to Placer.ai Report • Positive Sale Growth Trend with Year-Over-Year Increase: 30% Sales Growth Since 2019 and 6% Year-Over-Year Sales Growth • Highly Visible with Excellent Frontage and High Traffic (Approx. 35,000 VPD) at Signalized Corner Location Directly In Front of the Store at Main Intersection • Riesbeck’s Food Market’s Chain Operating for Over 98 Years with 16 Regional Locations • Growing City with Grocery Necessity: Ideal Demographics with Average Household Incomes of Approximately $73,000 Within a 5-Mile Radius • Advantageous Location 52 Miles East of Columbus (Currently the 14th Most Populous City in the United States): Part of the Columbus-CSA with Over 2.51M People and One of the Fastest Growing MSAs in the Country • Surrounded by Rooftops, Other Complimentary Users and Retailers (BMV, Zane Plaza Shopping Center, Sheetz, Huntington Bank & More) Restaurants and Schools • Largest Regional Employer Located in Zanesville: Genesis Hospital, Part of the Genesis Healthcare System (4,000+ System-Wide Employees) with 260-Beds, 2,800 On-Site Employees Supports Zanesville and the Surrounding Communities • Direct Vicinity of Major Employers: Halliburton (560 Employees), Bimbo Bakery (450 Employees), Owens-Illinois, Inc. (400+ Employees), Dollar General Distribution Center (Approx. 950 Employees), AutoZone Distribution Center (650 Employees), Muskingum County Government (Zanesville County Seat = 940 Employees), Spectrum Call Center (560+ Employees), Shelly & Sands (500 Employees), Along with Strong Presence from Nestle Purina, Fanatics Inc., Ridge Corporation, Cleveland Cliffs Inc., Avon, Inc., and Kellogg’s • Zanesville Named “Second Most Charming Small Town in USA” and #4 in North America

FOR SALE DETAILS

PRICE

$6,790,000 USD

PRICE/SF

$125 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

ADD'L SUBTYPES

Convenience Store, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

326

LAND DETAILS

LAND ACRES

7.47 AC

LAND SF

325,393 SF

ZONING

-

APN/PARCEL ID

62-56-02-03-002

ASK ABOUT THIS PROPERTY

Daniel CooperCooper Commercial Investment GroupMore Info
440-915-7902

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Daniel CooperCooper Commercial Investment GroupMore Info
440-915-7902

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.