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Shopping Strip

Crossings of Sandusky

911 Crossings Rd, Sandusky, OH 44870

Listing Price: $3,950,000

Cap Rate
7.50%
Gross SF
19,894
Rentable SF
19,894
Price/Gross SF
$198.55
Lot Size
1.81 acres
Year Built
2006

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale, Crossings of Sandusky located in Sandusky, Ohio. The subject property is a 19,894-square-foot, 100 percent occupied, triple-net strip center located in a prominent tourist market. The strip center is anchored by Famous Footwear that is currently on a triple-net lease thru May 2026. Crossings of Sandusky is being offered for $3.95 million.

Investment Highlights

  • 100 Percent Occupied, 19,894Square-Foot Triple-Net Strip Center in Sandusky, Ohio – Prominent Tourist Market
  • Part of the Larger Crossings of Sandusky Regional Center with Home Depot, Sam's Club, Kohl's, JOANN, Dollar Tree, and Petco All Acting as Shadow-Anchors and Driving Additional Traffic to the Property
  • Anchored by Famous Footwear (31 Percent of Gross Leasable Area) on Triple-Net Lease thru May 2026; Prime Endcap Space with High-Image Façade and Prominent Signage
  • Staggered Expirations with Five of Seven Tenants Leased into 2025 or Longer and Three Tenants Leased into 2028 or Longer
  • Constructed in 2006 with High-Image Facades, Prominent Signage, and Strong Visibility
  • Offers 11.3 Percent Year One Cash-on-Cash Return and 18.7 Percent Year One Total Return at Proposed Bank Financing Terms
  • Ease of Management with Only Seven Tenants, Mostly National Tenancy, and All Triple-Net Leases with Many Tenants Also Reimbursing Management Fees and/or Paying Administrative Fees on Common Area Maintenance
  • Situated in the Middle of Sandusky's Primary Retail Corridor that has a Large Regional Draw and Features Neighboring Retailers Walmart, Lowe's, Menards, Meijer, Target, Hobby Lobby, Best Buy, J.C. Penney, T.J. Maxx, Harley- Davidson, and Dozens of Restaurants

Exclusively Listed By

Shopping Strip

Crossings of Sandusky

Listing Price: $3,950,000

Cap Rate
7.50%
Gross SF
19,894
Rentable SF
19,894
Price/Gross SF
$198.55
Lot Size
1.81 acres
Year Built
2006

Investment Highlights

  • 100 Percent Occupied, 19,894Square-Foot Triple-Net Strip Center in Sandusky, Ohio – Prominent Tourist Market
  • Part of the Larger Crossings of Sandusky Regional Center with Home Depot, Sam's Club, Kohl's, JOANN, Dollar Tree, and Petco All Acting as Shadow-Anchors and Driving Additional Traffic to the Property
  • Anchored by Famous Footwear (31 Percent of Gross Leasable Area) on Triple-Net Lease thru May 2026; Prime Endcap Space with High-Image Façade and Prominent Signage
  • Staggered Expirations with Five of Seven Tenants Leased into 2025 or Longer and Three Tenants Leased into 2028 or Longer
  • Constructed in 2006 with High-Image Facades, Prominent Signage, and Strong Visibility
  • Offers 11.3 Percent Year One Cash-on-Cash Return and 18.7 Percent Year One Total Return at Proposed Bank Financing Terms
  • Ease of Management with Only Seven Tenants, Mostly National Tenancy, and All Triple-Net Leases with Many Tenants Also Reimbursing Management Fees and/or Paying Administrative Fees on Common Area Maintenance
  • Situated in the Middle of Sandusky's Primary Retail Corridor that has a Large Regional Draw and Features Neighboring Retailers Walmart, Lowe's, Menards, Meijer, Target, Hobby Lobby, Best Buy, J.C. Penney, T.J. Maxx, Harley- Davidson, and Dozens of Restaurants

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale, Crossings of Sandusky located in Sandusky, Ohio. The subject property is a 19,894-square-foot, 100 percent occupied, triple-net strip center located in a prominent tourist market. The strip center is anchored by Famous Footwear that is currently on a triple-net lease thru May 2026. Crossings of Sandusky is being offered for $3.95 million.

Exclusively Listed By

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