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Shopping Neighborhood

Shoppes at River Place - Grocery Anchored

26625 N Dixie Hwy, Perrysburg, OH 43551

Listing Price: $21,500,000

Cap Rate
6.40%
Gross SF
104,616
Rentable SF
104,616
Price/Gross SF
$205.51
Lot Size
12.40 acres
Year Built
1990

Investment Overview

Marcus & Millichap is proud to present the fee simple interest in The Shoppes at River Place, a 100% occupied, 104,616 square foot grocery anchored neighborhood center in Perrysburg, OH. The property offers an excellent Mix of E-Commerce Resistant, Service-Oriented Tenants and Perrysburg Ranked #1 Best Place to Raise a Family in Ohio. The Anchor, Walt Churchill’s Grocery Revenue has Increased by 6.6% YTD Thru August 2021 - See Listing Agents for Details. Currently Owned by Original Developer that Takes Pride in Ownership – Zero Deferred Maintenance | Renovated in 2017 and Professionally-Managed. Two Pylon Signs on 12.4 Acres in High Barrier to Entry Corridor | Signalized Intersection Entrance - Excellent Visibility and Frontage with 4 Points of Ingress/Egress. Long Term Historical Occupancies: Average Tenancy for “B Space” is 13+ Years | Property has Maintained 98%+ Occupancy Since Inception. It offers Landlord Friendly Leases (The Majority on the Same Form) with Full Passthrough of Expenses Including Management and a 15% Admin Fee on Top of CAM | Leases Provide Significant CPI Increases in Renewal Options. Increased Foot Traffic from New Developments and Residential Infill | Amazon Distribution Facility, First Solar, Peloton Factory, Mercy Health Hospital Expansion, New CAT Facility, Costco, New Apartments, Hotels, Levis Commons Mixed Use. Perrysburg’s Residential Growth has Increased 21.7% Since 2000 and is the Fastest Growing Community in the Region | Perrysburg High School is Overcrowded and Adding On a Learning Pod to House 180 More Students in 2021. Irreplaceable Positioning Benefitting from New Construction & Growing, Daytime Population Exceeding 97,300 within 5 Miles.

Investment Highlights

  • 100% Occupied | 104,616 Square Foot Grocery Anchored Neighborhood Center with Institutional Build Quality Located in Affluent, Thriving Bedroom Community to Top 100 Metro
  • The Anchor, Walt Churchill's Grocery, Reports Consistent Year Over Year Sales Growth and Pays Below Market Rent | Walt Churchill's has a 23 Year Operating History at This Site and was Founded in 1917
  • The Shoppes at River Place offers Architectural Upgrades Such as Class "A" Brick Construction, a Drive Thru between the Buildings, Patio Spaces, Awnings, Extensive Landscaping and a Service Drive
  • Adjacent to Mercy Health Hospital, New Costco Development, Levis Commons 400-Acre Mixed-Use PUD with 1.5 Million SF of Class A Office, Restaurant and Retail Along with 700 Luxury Residential Units, 3 Hotels, and 300 Senior Housing Units
  • Property Benefits from Thriving Community| The Average Household Income is $108,000 in 3 Miles and $104,000 in 1 Mile | Excellent Rated School System

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s) OH: BRK.2007005898

    Ohio

Financing By

Shopping Neighborhood

Shoppes at River Place - Grocery Anchored

Listing Price: $21,500,000

Cap Rate
6.40%
Gross SF
104,616
Rentable SF
104,616
Price/Gross SF
$205.51
Lot Size
12.40 acres
Year Built
1990

Investment Highlights

  • 100% Occupied | 104,616 Square Foot Grocery Anchored Neighborhood Center with Institutional Build Quality Located in Affluent, Thriving Bedroom Community to Top 100 Metro
  • The Anchor, Walt Churchill's Grocery, Reports Consistent Year Over Year Sales Growth and Pays Below Market Rent | Walt Churchill's has a 23 Year Operating History at This Site and was Founded in 1917
  • The Shoppes at River Place offers Architectural Upgrades Such as Class "A" Brick Construction, a Drive Thru between the Buildings, Patio Spaces, Awnings, Extensive Landscaping and a Service Drive
  • Adjacent to Mercy Health Hospital, New Costco Development, Levis Commons 400-Acre Mixed-Use PUD with 1.5 Million SF of Class A Office, Restaurant and Retail Along with 700 Luxury Residential Units, 3 Hotels, and 300 Senior Housing Units
  • Property Benefits from Thriving Community| The Average Household Income is $108,000 in 3 Miles and $104,000 in 1 Mile | Excellent Rated School System

Investment Overview

Marcus & Millichap is proud to present the fee simple interest in The Shoppes at River Place, a 100% occupied, 104,616 square foot grocery anchored neighborhood center in Perrysburg, OH. The property offers an excellent Mix of E-Commerce Resistant, Service-Oriented Tenants and Perrysburg Ranked #1 Best Place to Raise a Family in Ohio. The Anchor, Walt Churchill’s Grocery Revenue has Increased by 6.6% YTD Thru August 2021 - See Listing Agents for Details. Currently Owned by Original Developer that Takes Pride in Ownership – Zero Deferred Maintenance | Renovated in 2017 and Professionally-Managed. Two Pylon Signs on 12.4 Acres in High Barrier to Entry Corridor | Signalized Intersection Entrance - Excellent Visibility and Frontage with 4 Points of Ingress/Egress. Long Term Historical Occupancies: Average Tenancy for “B Space” is 13+ Years | Property has Maintained 98%+ Occupancy Since Inception. It offers Landlord Friendly Leases (The Majority on the Same Form) with Full Passthrough of Expenses Including Management and a 15% Admin Fee on Top of CAM | Leases Provide Significant CPI Increases in Renewal Options. Increased Foot Traffic from New Developments and Residential Infill | Amazon Distribution Facility, First Solar, Peloton Factory, Mercy Health Hospital Expansion, New CAT Facility, Costco, New Apartments, Hotels, Levis Commons Mixed Use. Perrysburg’s Residential Growth has Increased 21.7% Since 2000 and is the Fastest Growing Community in the Region | Perrysburg High School is Overcrowded and Adding On a Learning Pod to House 180 More Students in 2021. Irreplaceable Positioning Benefitting from New Construction & Growing, Daytime Population Exceeding 97,300 within 5 Miles.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s): OH: BRK.2007005898

    Ohio

Financing By

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