27089-27095 Bagley Rd - Storefront FOR SALE
Olmsted Twp, OH 44138 |
$8,120,000 USD
216-264-2000
27089-27095 Bagley Rd
Olmsted Twp, OH 44138
HIGHLIGHTS
- 100% Occupied, 57,275 SF Grocery-Anchored Neighborhood Retail Center in Olmsted Township, OH (Cleveland MSA)
- Anchored by Shaker’s MarketPlace (59% of GLA) on NNN Lease thru July 2029
- Affluent, Highly-Desirable Area: $128K AHHI within 1-Mile
- 3-Tenant Outparcel Building w/ Majority Long- Term Leases Included in Sale – Located Directly at Hard Corner Intersection w/ Recent Façade Renovation
- All 12 Tenants are NNN, 100% Recovery of Tax/Ins/ CAM Expenses via NNN Lease Structures
- 91.6% Recovery of Landlord Operating Expenses via Majority NNN Lease Structure
FOR SALE DETAILS
PRICE
$8,120,000 USD
PRICE/SF
$142 USD /SF
CAP RATE
8%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Kingston Corners Shopping Center
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
ADD'L SUBTYPES
Supermarket
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1985
SPRINKLERS
-
PARKING SPACES
219
LAND DETAILS
LAND ACRES
4.87 AC
LAND SF
212,137 SF
ZONING
RB, Olmstead Twp
APN/PARCEL ID
263-01-005
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216-264-2000
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216-264-2000
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