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Shopping Neighborhood

Austintown Plaza

6000 Mahoning Ave, Youngstown, OH 44515

Listing Price: $3,945,000

Cap Rate
8.00%
Gross SF
83,754
Rentable SF
83,754
Price/Gross SF
$47.10
Lot Size
5.74 acres
Year Built
1960

Investment Overview

Marcus & Millichap is pleased to present for sale, Austintown Plaza located in Austintown, Ohio. The subject property is an 88.6 percent occupied, 83,754-square-foot Walmart-shadowed value-add shopping center. In 2011 and 2012, there were new roofs installed on the entire center. Austintown Plaza is being offered for $3.945 million.

Investment Highlights

  • 88.6 Percent Occupied, 83,754-Square-Foot Walmart-Shadowed Value-Add Shopping Center Offering
  • Neighboring Walmart Saw 2.4 Million T12 Customer Visits - Top Nine Percent in Ohio (#14 Out of 145 Locations) and Top 10 Percent Nationally (Source: Placer.AI)
  • Upside from Re-Developing or Ground-Leasing Three and a Half-Acre, 52,305-Square-Foot JCPenney Tract: $85,000 Net Operating Income
  • Located Directly Next to the Site of a New Meijer Superstore - $3.5 Million Invested by Meijer in Land Acquisition
  • Buffalo Wild Wings (Nine Percent of Occupied Gross Leasable Area, 26 Percent of Income) – In-Place for Over 20 Years, Long-Term Triple-Net Lease Thru November 2029
  • Grifols Biomat USA Plasma Center (20 Percent of Occupied Gross Leasable Area, 37 Percent of Income) on Triple-Net Lease Thru June 2025; Largest Plasma Collector in the U.S. with 150 Locations
  • Potential Additional Upside via Lease-Up of Two Small-Shop Vacancies Totaling 11.4 Percent of Gross Leasable Area(Approximately 4,800 Square Feet Each)
  • New Roofs Installed on Entire Center in 2011 and 2012

Exclusively Listed By

Financing By

Shopping Neighborhood

Austintown Plaza

Listing Price: $3,945,000

Cap Rate
8.00%
Gross SF
83,754
Rentable SF
83,754
Price/Gross SF
$47.10
Lot Size
5.74 acres
Year Built
1960

Investment Highlights

  • 88.6 Percent Occupied, 83,754-Square-Foot Walmart-Shadowed Value-Add Shopping Center Offering
  • Neighboring Walmart Saw 2.4 Million T12 Customer Visits - Top Nine Percent in Ohio (#14 Out of 145 Locations) and Top 10 Percent Nationally (Source: Placer.AI)
  • Upside from Re-Developing or Ground-Leasing Three and a Half-Acre, 52,305-Square-Foot JCPenney Tract: $85,000 Net Operating Income
  • Located Directly Next to the Site of a New Meijer Superstore - $3.5 Million Invested by Meijer in Land Acquisition
  • Buffalo Wild Wings (Nine Percent of Occupied Gross Leasable Area, 26 Percent of Income) – In-Place for Over 20 Years, Long-Term Triple-Net Lease Thru November 2029
  • Grifols Biomat USA Plasma Center (20 Percent of Occupied Gross Leasable Area, 37 Percent of Income) on Triple-Net Lease Thru June 2025; Largest Plasma Collector in the U.S. with 150 Locations
  • Potential Additional Upside via Lease-Up of Two Small-Shop Vacancies Totaling 11.4 Percent of Gross Leasable Area(Approximately 4,800 Square Feet Each)
  • New Roofs Installed on Entire Center in 2011 and 2012

Investment Overview

Marcus & Millichap is pleased to present for sale, Austintown Plaza located in Austintown, Ohio. The subject property is an 88.6 percent occupied, 83,754-square-foot Walmart-shadowed value-add shopping center. In 2011 and 2012, there were new roofs installed on the entire center. Austintown Plaza is being offered for $3.945 million.

Exclusively Listed By

Financing By

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