Shopping Strip
West State Square
2618 W State St, Alliance, OH 44601
Listing Price: $5,575,000
Investment Overview
100% Leased, 46,000 SF Strip Center Anchored by TJ Maxx, Dollar Tree, and Skechers. 7.42-Acre Site Across Two Parcels with a Favorable Effective Tax Rate of Just 1.27%. Freestanding Skechers Outlet Building Included in Sale on Large 1.88 Acre Parcel. Sits Directly in Between Brand New Meijer and Walmart – 3.7M Combined Annual Visits. Large Pylon Sign on West State Street which sees over 23,100+ VPD. Strategic Positioning Near University of Mount Union, Alliance Community Hospital, and National
Retailers.
West State Square
Investment Highlights
- 100% Leased, 46,000 SF Strip Center Anchored by TJ Maxx, Dollar Tree, and Skechers. 7.42-Acre Site Across Two Parcels with a Favorable Effective Tax Rate of Just 1.27%
- Sits Directly in Between Brand New Meijer and Walmart – 3.7M Combined Annual Visits
- Large Pylon Sign on West State Street which sees over 23,100+ VPD
- Freestanding Skechers Outlet Building Included in Sale on Large 1.88 Acre Parcel
- All Tenants on NNN Leases with Limited Landlord Responsibilities
- Weighted Average Lease Term of 4.21 Years with No Current Vacancy
- Average Base Rent of $10.55 Per SF with Upside Demonstrated by Skechers at $18.50–$20.35 Per SF
- Generates 2.6 Million Annual Visits, Ranking in the Top 28% of Shopping Centers in Ohio
Exclusively Listed By
Listing Price: $5,575,000
Investment Highlights
- 100% Leased, 46,000 SF Strip Center Anchored by TJ Maxx, Dollar Tree, and Skechers. 7.42-Acre Site Across Two Parcels with a Favorable Effective Tax Rate of Just 1.27%
- Sits Directly in Between Brand New Meijer and Walmart – 3.7M Combined Annual Visits
- Large Pylon Sign on West State Street which sees over 23,100+ VPD
- Freestanding Skechers Outlet Building Included in Sale on Large 1.88 Acre Parcel
- All Tenants on NNN Leases with Limited Landlord Responsibilities
- Weighted Average Lease Term of 4.21 Years with No Current Vacancy
- Average Base Rent of $10.55 Per SF with Upside Demonstrated by Skechers at $18.50–$20.35 Per SF
- Generates 2.6 Million Annual Visits, Ranking in the Top 28% of Shopping Centers in Ohio
Investment Overview
100% Leased, 46,000 SF Strip Center Anchored by TJ Maxx, Dollar Tree, and Skechers. 7.42-Acre Site Across Two Parcels with a Favorable Effective Tax Rate of Just 1.27%. Freestanding Skechers Outlet Building Included in Sale on Large 1.88 Acre Parcel. Sits Directly in Between Brand New Meijer and Walmart – 3.7M Combined Annual Visits. Large Pylon Sign on West State Street which sees over 23,100+ VPD. Strategic Positioning Near University of Mount Union, Alliance Community Hospital, and National Retailers.
Exclusively Listed By
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.