Shopping Neighborhood
Oberlin Square
14910 OH-58, Oberlin, OH 44074
Listing Price: $4,400,000
Investment Overview
100 percent occupied, 35,174 square foot Walmart shadow center, eight-tenant retail strip in Oberlin, Ohio. Potential upside via excess land adjacent to the strip with ability to build up to 15,950 additional square feet. Situated near Lorain County JVS Career Tech campus – 100 acre campus with 1,130 students. Prime location just off US 20 and OH-58 – intersection sees 21,920 vehicles per day.
Oberlin Square
Investment Highlights
- 100 Percent Occupied, 35,174 Square Foot Walmart Shadow Center Eight-Tenant Retail Strip in Oberlin, Ohio
- Anchored by Dollar Tree and Goodwill who Comprise 47 Percent of the GLA
- Long Term Tenant Goodwill Exercised a Fresh 10-Year Lease Renewal, Showing Their Commitment to the Site
- Cheap Replaceable Average Rents of $11.53
- WALT of 4.6 Years Remaining; 58.7 Percent of GLA with More Than Four Years Plus of Lease Term Remaining
- Strong Triple-Net recoveries with 84.8 Percent of Taxes, Insurance and CAM Being Reimbursed
- 81.8 Percent of GLA are National/Regional Brands; All Tenants are Daily Needs/E-Commerce-Proof Businesses
- Renovated in 2009 Class "A" High-Image Construction
Listing Price: $4,400,000
Investment Highlights
- 100 Percent Occupied, 35,174 Square Foot Walmart Shadow Center Eight-Tenant Retail Strip in Oberlin, Ohio
- Anchored by Dollar Tree and Goodwill who Comprise 47 Percent of the GLA
- Long Term Tenant Goodwill Exercised a Fresh 10-Year Lease Renewal, Showing Their Commitment to the Site
- Cheap Replaceable Average Rents of $11.53
- WALT of 4.6 Years Remaining; 58.7 Percent of GLA with More Than Four Years Plus of Lease Term Remaining
- Strong Triple-Net recoveries with 84.8 Percent of Taxes, Insurance and CAM Being Reimbursed
- 81.8 Percent of GLA are National/Regional Brands; All Tenants are Daily Needs/E-Commerce-Proof Businesses
- Renovated in 2009 Class "A" High-Image Construction
Investment Overview
100 percent occupied, 35,174 square foot Walmart shadow center, eight-tenant retail strip in Oberlin, Ohio. Potential upside via excess land adjacent to the strip with ability to build up to 15,950 additional square feet. Situated near Lorain County JVS Career Tech campus – 100 acre campus with 1,130 students. Prime location just off US 20 and OH-58 – intersection sees 21,920 vehicles per day.
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