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Miscellaneous

Men's Wearhouse | HARD CORNER LOCATION

7310 Market St, Boardman, OH 44512

Listing Price: $1,624,000

Cap Rate
10.00%
Tenant Name
Men's Wearhouse
Years Remaining On Lease
4.3
Gross SF
7,000
Guarantor
Corporate Guarantee
Rentable SF
7,000
Price/Gross SF
$232.00
Lease Type
Double Net
Rent Per Square Feet
$23.20

Investment Overview

Marcus & Millichap is pleased to bring to market a Men’s Wearhouse in Boardman, Ohio. The free-standing 7,000 square feet building sits at the corner of the signalized intersection of Boardman-Canfield Road and Market Street which sees 45,500 cars per day. In September 2019, The Landlord and Tenant agreed to extend the lease term for an additional six years to provide a term through September 30, 2025. The parking lot was completely resurfaced in 2019 and all four of the HVAC units were replaced in 2018.

Investment Highlights

  • Dense Population: 51,120 Residents in Three-Miles | 112,393 Residents within Five-Miles
  • Hard Corner Location | Over 45,500 Vehicles/Day at the Signalized Intersection
  • Directly Across from Southern Park, a 1.2 Million Square Foot Regional Mall
  • Tenant Recently Extended Lease for Additional Six Years
  • New Construction CVS Pharmacy and McDonald's Directly Across the Street
  • Grandfathered Signage with Extremely High Visibility at the Signalized Intersection
  • Parking Lot Completely Resurfaced in 2019 | All HVAC Units Replaced in 2018
  • Men's Wearhouse Has Been Operating at this Location for Over 20 Years

Exclusively Listed By

Miscellaneous

Men's Wearhouse | HARD CORNER LOCATION

Listing Price: $1,624,000

Cap Rate
10.00%
Tenant Name
Men's Wearhouse
Years Remaining On Lease
4.3
Gross SF
7,000
Guarantor
Corporate Guarantee
Rentable SF
7,000
Price/Gross SF
$232.00
Lease Type
Double Net
Rent Per Square Feet
$23.20

Investment Highlights

  • Dense Population: 51,120 Residents in Three-Miles | 112,393 Residents within Five-Miles
  • Hard Corner Location | Over 45,500 Vehicles/Day at the Signalized Intersection
  • Directly Across from Southern Park, a 1.2 Million Square Foot Regional Mall
  • Tenant Recently Extended Lease for Additional Six Years
  • New Construction CVS Pharmacy and McDonald's Directly Across the Street
  • Grandfathered Signage with Extremely High Visibility at the Signalized Intersection
  • Parking Lot Completely Resurfaced in 2019 | All HVAC Units Replaced in 2018
  • Men's Wearhouse Has Been Operating at this Location for Over 20 Years

Investment Overview

Marcus & Millichap is pleased to bring to market a Men’s Wearhouse in Boardman, Ohio. The free-standing 7,000 square feet building sits at the corner of the signalized intersection of Boardman-Canfield Road and Market Street which sees 45,500 cars per day. In September 2019, The Landlord and Tenant agreed to extend the lease term for an additional six years to provide a term through September 30, 2025. The parking lot was completely resurfaced in 2019 and all four of the HVAC units were replaced in 2018.

Exclusively Listed By

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