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Shopping Strip

Walmart Shadow Strips

5880 Mahoning Ave, Youngstown, OH 44515

Listing Price: $4,105,000

Cap Rate
8.00%
Gross SF
42,300
Rentable SF
42,300
Price/Gross SF
$97.04
Lot Size
3.24 acres
Year Built
1997

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale, Walmart Shadow Strips located in Youngstown, Ohio. The subject property is a two-property Walmart Shadow Strip that is currently 67 percent occupied. It is located directly across from Walmart Supercenter and adjacent to Home Depot. Walmart Shadow Strips is being offered for $4,105,000.

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Investment Highlights

  • 67 Percent Occupied, Two-Property 42,300-Square-Foot Walmart Shadow Strip Offering in Austintown, Ohio (Youngstown MSA)
  • Major Upside in Leasing Up 13,800 Square Feet (32.6 Percent of Gross Leasable Area) in Vacancies; Stabilized 12.94 Percent CAP
  • Directly Across from Walmart Supercenter and Adjacent to Home Depot – Major Shadow Anchors Driving Traffic to the Trade Area
  • Adjacent to the Site of a New Meijer Superstore - $3.5 Million Invested by Meijer in Land Acquisition with Plans to Open in 2021
  • In-Place Cash/Cash Return of 12.08 Percent; Stabilized Cash/Cash Return of 31.85 Percent
  • 10 of 12 Tenants are Triple-Net Lease, 67 Percent Recovery of Operating Expenses
  • Prominent Tenants include Sherwin-Williams, Cosmo Prof, Great Clips, Famous Hair, Drayer Physical Therapy, Supercuts, Quest Diagnostics
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Exclusively Listed By

Shopping Strip

Walmart Shadow Strips

5880 Mahoning Ave, Youngstown, OH 44515

View Listing Documents
Property Image
Property Image
Gallery View Map Street View

Listing Price: $4,105,000

Cap Rate
8.00%
Gross SF
42,300
Rentable SF
42,300
Price/Gross SF
$97.04
Lot Size
3.24 acres
Year Built
1997

Investment Highlights

  • 67 Percent Occupied, Two-Property 42,300-Square-Foot Walmart Shadow Strip Offering in Austintown, Ohio (Youngstown MSA)
  • Major Upside in Leasing Up 13,800 Square Feet (32.6 Percent of Gross Leasable Area) in Vacancies; Stabilized 12.94 Percent CAP
  • Directly Across from Walmart Supercenter and Adjacent to Home Depot – Major Shadow Anchors Driving Traffic to the Trade Area
  • Adjacent to the Site of a New Meijer Superstore - $3.5 Million Invested by Meijer in Land Acquisition with Plans to Open in 2021
  • In-Place Cash/Cash Return of 12.08 Percent; Stabilized Cash/Cash Return of 31.85 Percent
  • 10 of 12 Tenants are Triple-Net Lease, 67 Percent Recovery of Operating Expenses
  • Prominent Tenants include Sherwin-Williams, Cosmo Prof, Great Clips, Famous Hair, Drayer Physical Therapy, Supercuts, Quest Diagnostics

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale, Walmart Shadow Strips located in Youngstown, Ohio. The subject property is a two-property Walmart Shadow Strip that is currently 67 percent occupied. It is located directly across from Walmart Supercenter and adjacent to Home Depot. Walmart Shadow Strips is being offered for $4,105,000.

Read More

Exclusively Listed By

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