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Shopping Strip

Ashland Retail Shops

1289 Claremont Ave, Ashland, OH 44805

Listing Price: $990,000

Cap Rate
8.25%
Gross SF
14,450
Rentable SF
14,450
Price/Gross SF
$68.51
Lot Size
1.80 acres
Year Built
1958

Investment Overview

Marcus & Millichap is pleased to present for sale Ashland Retail Shops, a 14,450-square-foot retail center located in Ashland, Ohio.

The Property is currently 100 percent occupied by various retailers, most of which have been operating at this location for over 10 years. Two of the three tenants are on triple-net leases with below market rents. Most tenants have exercised their renewal options and still have renewal options available.

Ashland Retail Shops is a great opportunity to acquire a retail center with an established tenant base that has shown strong commitment to the site at a low price point. Recent improvements have been completed at the subject site including roof.

Investment Highlights

  • Unique Mix of Local and National Tenant Mix: Dollar General, H&R Block, and The Flour Barrel
  • All Tenants have been Operating at this Location for Approximately 10 Years or More, Showing Strong Commitment to the Site
  • The Property Serves the Immediate Local Community and Residents with a Mix of Ecommerce Resistant Grocery and Service-Based Tenants
  • Opportunity to Grow Rents Through Ownership and Lease Renewals

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (614) 360-9800

    License(s) OH: BRK.2007005898

    Ohio

Shopping Strip

Ashland Retail Shops

Listing Price: $990,000

Cap Rate
8.25%
Gross SF
14,450
Rentable SF
14,450
Price/Gross SF
$68.51
Lot Size
1.80 acres
Year Built
1958

Investment Highlights

  • Unique Mix of Local and National Tenant Mix: Dollar General, H&R Block, and The Flour Barrel
  • All Tenants have been Operating at this Location for Approximately 10 Years or More, Showing Strong Commitment to the Site
  • The Property Serves the Immediate Local Community and Residents with a Mix of Ecommerce Resistant Grocery and Service-Based Tenants
  • Opportunity to Grow Rents Through Ownership and Lease Renewals

Investment Overview

Marcus & Millichap is pleased to present for sale Ashland Retail Shops, a 14,450-square-foot retail center located in Ashland, Ohio. The Property is currently 100 percent occupied by various retailers, most of which have been operating at this location for over 10 years. Two of the three tenants are on triple-net leases with below market rents. Most tenants have exercised their renewal options and still have renewal options available. Ashland Retail Shops is a great opportunity to acquire a retail center with an established tenant base that has shown strong commitment to the site at a low price point. Recent improvements have been completed at the subject site including roof.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (614) 360-9800

    License(s): OH: BRK.2007005898

    Ohio

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