Shopping Strip
Lighthouse Village
4300 N Leavitt Rd, Lorain, OH 44053
Listing Price: $6,415,000
Investment Overview
26,260 SF Retail Center Adjacent to Walmart & Home Depot in the Cleveland MSA Community of Lorain,
Ohio. 100% Occupied Starbucks Anchored Two Strip Offering - Shadowed by Home Depot & Walmart. Built in 2013/2014 | Modern Construction with No Deferred Maintenance | Minimal Landlord Responsibilities. Located Along High-Traffic Leavitt Road (OH-58) | Surrounded by Over 2.4M SF of
Retail in Immediate Trade Area. Strategic Positioning Near Lake Erie Tourism, Mercy Health, and Retail Clusters | Regional Draw Supports Long-Term Stability. Strong Local Consumer Base | 83,000+
Residents Within 5 Miles | Retail Demand Bolstered by Nearby National Anchors.
Lighthouse Village
Investment Highlights
- 26,260 SF Retail Center Adjacent to Walmart & Home Depot in the Cleveland MSA Community of Lorain, Ohio
- Landlord-Favorable NNN Lease Structures | Full Reimbursement of Taxes, CAM & Insurance | Tenants Pay Administrative Fees (Up to 15% of CAM) | No Management Fee Liability Enhances Yield if Self- Manage
- Ease of Ownership with Only 8 National/Regional Tenants | WALT of 4.20 Years with Renewals Extending to 2049 | Strong Rent Growth Embedded in Multiple Leases
- Offered at a 7.50% Cap Rate | Priced at $248/SF — Well Below Replacement Cost for Comparable New Construction
- Shadowed by Walmart Supercenter & Home Depot with over 3M Combined Visits Annually via Placer
- Fully Leased to Recognized Tenants Including Starbucks, Skechers, Pet Supplies Plus, and T-Mobile
- Current Rents Average $19.26/SF | Strong Potential for Future Rent Growth as Leases Roll to Market
- Multiple Tenants with Options Through 2044–2049 | Long-Term Commitments Provide Predictable Income Stream
Exclusively Listed By
Listing Price: $6,415,000
Investment Highlights
- 26,260 SF Retail Center Adjacent to Walmart & Home Depot in the Cleveland MSA Community of Lorain, Ohio
- Landlord-Favorable NNN Lease Structures | Full Reimbursement of Taxes, CAM & Insurance | Tenants Pay Administrative Fees (Up to 15% of CAM) | No Management Fee Liability Enhances Yield if Self- Manage
- Ease of Ownership with Only 8 National/Regional Tenants | WALT of 4.20 Years with Renewals Extending to 2049 | Strong Rent Growth Embedded in Multiple Leases
- Offered at a 7.50% Cap Rate | Priced at $248/SF — Well Below Replacement Cost for Comparable New Construction
- Shadowed by Walmart Supercenter & Home Depot with over 3M Combined Visits Annually via Placer
- Fully Leased to Recognized Tenants Including Starbucks, Skechers, Pet Supplies Plus, and T-Mobile
- Current Rents Average $19.26/SF | Strong Potential for Future Rent Growth as Leases Roll to Market
- Multiple Tenants with Options Through 2044–2049 | Long-Term Commitments Provide Predictable Income Stream
Investment Overview
26,260 SF Retail Center Adjacent to Walmart & Home Depot in the Cleveland MSA Community of Lorain, Ohio. 100% Occupied Starbucks Anchored Two Strip Offering - Shadowed by Home Depot & Walmart. Built in 2013/2014 | Modern Construction with No Deferred Maintenance | Minimal Landlord Responsibilities. Located Along High-Traffic Leavitt Road (OH-58) | Surrounded by Over 2.4M SF of Retail in Immediate Trade Area. Strategic Positioning Near Lake Erie Tourism, Mercy Health, and Retail Clusters | Regional Draw Supports Long-Term Stability. Strong Local Consumer Base | 83,000+ Residents Within 5 Miles | Retail Demand Bolstered by Nearby National Anchors.
Exclusively Listed By
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