Shopping Strip
Century Plaza
7617 Mentor Ave, Mentor, OH 44060
Listing Price: $2,650,000
Investment Overview
72 Percent Occupied (100 Percent with Master Lease), 8,800 Square Feet = Four-Unit Triple-Net Strip Center in Affluent Cleveland Suburb of Mentor, Ohio. T-Mobile (32 Percent of GLA) – Endcap with Triple-Net Lease through December 2027; 10 Percent Rent Increase in Upcoming Option. Sport Clips (23 Percent of GLA) Triple-Net Lease through December 2027; 10 Percent Rent Increase in Upcoming Option. Bank of America (17 Percent of GLA) – Endcap Unit with Triple-Net Lease through April 2029; “A-“ (S&P) High Investment-Grade Credit. Recently Renovated with Modern/ Attractive Façade and Storefronts and Highly Visible Pylon Sign. Fully Triple-Net Lease Structures with PRS Reimbursement of LL Tax, Insurance, CAM, and Management Expenses. Two of Three Existing Tenants Also Pay 10 Percent Admin Fees on CAM. Easy-to-Lease Units Ranging from 1,500 – 2,800 Square Feet with Daily Needs/ECommerce- Proof Tenants.
Century Plaza
Investment Highlights
- 72 Percent Occupied (100 Percent with Master Lease), 8,800 Square Feet = Four-Unit Triple-Net Strip Center in Affluent Cleveland Suburb of Mentor, Ohio
- T-Mobile (32 Percent of GLA) – Endcap with Triple-Net Lease through December 2027; 10 Percent Rent Increase in Upcoming Option
- Sport Clips (23 Percent of GLA) Triple-Net Lease through December 2027; 10 Percent Rent Increase in Upcoming Option
- Bank of America (17 Percent of GLA) – Endcap Unit with Triple-Net Lease through April 2029; "A-" (S&P) High Investment-Grade Credit
- Recently Renovated with Modern/ Attractive Façade and Storefronts and Highly Visible Pylon Sign
- Fully Triple-Net Lease Structures with PRS Reimbursement of LL Tax, Insurance, CAM, and Management Expenses
- Two of Three Existing Tenants Also Pay 10 Percent Admin Fees on CAM
- Easy-to-Lease Units Ranging from 1,500 – 2,800 Square Feet with Daily Needs/ECommerce- Proof Tenants
Listing Price: $2,650,000
Investment Highlights
- 72 Percent Occupied (100 Percent with Master Lease), 8,800 Square Feet = Four-Unit Triple-Net Strip Center in Affluent Cleveland Suburb of Mentor, Ohio
- T-Mobile (32 Percent of GLA) – Endcap with Triple-Net Lease through December 2027; 10 Percent Rent Increase in Upcoming Option
- Sport Clips (23 Percent of GLA) Triple-Net Lease through December 2027; 10 Percent Rent Increase in Upcoming Option
- Bank of America (17 Percent of GLA) – Endcap Unit with Triple-Net Lease through April 2029; "A-" (S&P) High Investment-Grade Credit
- Recently Renovated with Modern/ Attractive Façade and Storefronts and Highly Visible Pylon Sign
- Fully Triple-Net Lease Structures with PRS Reimbursement of LL Tax, Insurance, CAM, and Management Expenses
- Two of Three Existing Tenants Also Pay 10 Percent Admin Fees on CAM
- Easy-to-Lease Units Ranging from 1,500 – 2,800 Square Feet with Daily Needs/ECommerce- Proof Tenants
Investment Overview
72 Percent Occupied (100 Percent with Master Lease), 8,800 Square Feet = Four-Unit Triple-Net Strip Center in Affluent Cleveland Suburb of Mentor, Ohio. T-Mobile (32 Percent of GLA) – Endcap with Triple-Net Lease through December 2027; 10 Percent Rent Increase in Upcoming Option. Sport Clips (23 Percent of GLA) Triple-Net Lease through December 2027; 10 Percent Rent Increase in Upcoming Option. Bank of America (17 Percent of GLA) – Endcap Unit with Triple-Net Lease through April 2029; “A-“ (S&P) High Investment-Grade Credit. Recently Renovated with Modern/ Attractive Façade and Storefronts and Highly Visible Pylon Sign. Fully Triple-Net Lease Structures with PRS Reimbursement of LL Tax, Insurance, CAM, and Management Expenses. Two of Three Existing Tenants Also Pay 10 Percent Admin Fees on CAM. Easy-to-Lease Units Ranging from 1,500 – 2,800 Square Feet with Daily Needs/ECommerce- Proof Tenants.
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.