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Shopping Neighborhood

Crossings of Sandusky

911 Crossings Rd, Sandusky, OH 44870

Listing Price: $4,390,000

Cap Rate
6.75%
Gross SF
19,894
Rentable SF
19,894
Price/Gross SF
$220.67
Lot Size
1.81 acres
Year Built
2006

Investment Overview

Marcus & Millichap is pleased to exclusively present for sale, Crossings of Sandusky in Sandusky, Ohio. The subject property is 100 percent occupied and comprised of 19,894-square-feet. The strip center is situated in the middle of Sandusky's primary retail corridor that has a large regional draw and featrues neighboring retailers Walmart, Lowe’s, Menards, Meijer, Target, Hobby Lobby, Best Buy, J.C. Penney, T.J. Maxx, Harley- Davidson, and dozens of restaurants. Crossings of Sandusky is being offered for $4.39 million,

Investment Highlights

  • 100 Percent Occupied, 19,894-Square-Foot Triple-Net Lease Strip Center in Sandusky, Ohio – Prominent Tourist Market
  • Part of the Larger Crossings of Sandusky Regional Shopping Center with Home Depot, Sam's Club, Kohl's, JOANN, Dollar Tree, and Petco all Acting as Shadow-Anchors and Driving Additional Traffic to Area
  • Anchored by Famous Footwear (31 Percent of Gross Leasable Area) on Triple-Net Lease Thru May 2026; Prime Endcap Space with High-Image Façade and Prominent Signage
  • Staggered Expirations with Five of Seven Tenants Leased into 2025 or Longer and Three Tenants Leased into 2028 or Longer
  • Constructed in 2006 with High-Image Facades, Prominent Signage, and Strong Visibility
  • Offers 7.19 Percent Year One Cash-on-Cash Return and 12.5 Percent Year One Total Return at Proposed Bank Financing Terms
  • Ease of Management with Only Seven Tenants, Mostly National Tenancy, and All Triple-Net Leases with Many Tenants Also Reimbursing Management Fees and/or Paying Administrative Fees on Common Area Maintenance
  • Reasonable and Replaceable Rent Levels Averaging $15 per Square Foot Triple-Net Lease

Exclusively Listed By

Financing By

Shopping Neighborhood

Crossings of Sandusky

Listing Price: $4,390,000

Cap Rate
6.75%
Gross SF
19,894
Rentable SF
19,894
Price/Gross SF
$220.67
Lot Size
1.81 acres
Year Built
2006

Investment Highlights

  • 100 Percent Occupied, 19,894-Square-Foot Triple-Net Lease Strip Center in Sandusky, Ohio – Prominent Tourist Market
  • Part of the Larger Crossings of Sandusky Regional Shopping Center with Home Depot, Sam's Club, Kohl's, JOANN, Dollar Tree, and Petco all Acting as Shadow-Anchors and Driving Additional Traffic to Area
  • Anchored by Famous Footwear (31 Percent of Gross Leasable Area) on Triple-Net Lease Thru May 2026; Prime Endcap Space with High-Image Façade and Prominent Signage
  • Staggered Expirations with Five of Seven Tenants Leased into 2025 or Longer and Three Tenants Leased into 2028 or Longer
  • Constructed in 2006 with High-Image Facades, Prominent Signage, and Strong Visibility
  • Offers 7.19 Percent Year One Cash-on-Cash Return and 12.5 Percent Year One Total Return at Proposed Bank Financing Terms
  • Ease of Management with Only Seven Tenants, Mostly National Tenancy, and All Triple-Net Leases with Many Tenants Also Reimbursing Management Fees and/or Paying Administrative Fees on Common Area Maintenance
  • Reasonable and Replaceable Rent Levels Averaging $15 per Square Foot Triple-Net Lease

Investment Overview

Marcus & Millichap is pleased to exclusively present for sale, Crossings of Sandusky in Sandusky, Ohio. The subject property is 100 percent occupied and comprised of 19,894-square-feet. The strip center is situated in the middle of Sandusky's primary retail corridor that has a large regional draw and featrues neighboring retailers Walmart, Lowe’s, Menards, Meijer, Target, Hobby Lobby, Best Buy, J.C. Penney, T.J. Maxx, Harley- Davidson, and dozens of restaurants. Crossings of Sandusky is being offered for $4.39 million,

Exclusively Listed By

Financing By

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