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Shopping Strip

North Ridgeville Plaza

33725 Center Ridge Rd, North Ridgeville, OH 44039

Listing Price: $6,725,000

Cap Rate
7.55%
Gross SF
58,200
Rentable SF
58,200
Price/Gross SF
$115.55
Lot Size
5.37 acres
Year Built
2003

Investment Overview

The Dumes Falk Group is pleased to bring to market North Ridgeville Plaza in North Ridgeville, Ohio.

Investment Highlights

  • 59,435 Square Foot Neighborhood Shopping Center | North Ridgeville, Ohio
  • Previous Big Box Split & Redeveloped | Three Brand New 10+ Year Leases with Goodwill, EB Fitness, and Dollar General
  • Site Wide Renovations Made from 2019 to 2021 Including Lot Repairs, New Façade, Patio Expansion, and LED Lot Lights
  • 82 Percent of Tenants Have 10+ Years of Term Remaining | 100 Percent Occupancy
  • All NNN Leases with Most Tenants Reimbursing MGMT\Admin | Internet-Resistant Tenant Mix
  • Multiple Points of Ingress/Egress, Great Signage and Visibility with Ample Parking | Located on a Strong Signalized Intersection | Approximately 24,500 Combined VPD
  • Over 30 Percent Median Household Income Growth Since 2000 with Over 12 Percent Growth Projected by 2025
  • 20-Miles Southwest of Downtown Cleveland | 95-Miles Southeast of Toledo

Exclusively Listed By

Shopping Strip

North Ridgeville Plaza

Listing Price: $6,725,000

Cap Rate
7.55%
Gross SF
58,200
Rentable SF
58,200
Price/Gross SF
$115.55
Lot Size
5.37 acres
Year Built
2003

Investment Highlights

  • 59,435 Square Foot Neighborhood Shopping Center | North Ridgeville, Ohio
  • Previous Big Box Split & Redeveloped | Three Brand New 10+ Year Leases with Goodwill, EB Fitness, and Dollar General
  • Site Wide Renovations Made from 2019 to 2021 Including Lot Repairs, New Façade, Patio Expansion, and LED Lot Lights
  • 82 Percent of Tenants Have 10+ Years of Term Remaining | 100 Percent Occupancy
  • All NNN Leases with Most Tenants Reimbursing MGMT\Admin | Internet-Resistant Tenant Mix
  • Multiple Points of Ingress/Egress, Great Signage and Visibility with Ample Parking | Located on a Strong Signalized Intersection | Approximately 24,500 Combined VPD
  • Over 30 Percent Median Household Income Growth Since 2000 with Over 12 Percent Growth Projected by 2025
  • 20-Miles Southwest of Downtown Cleveland | 95-Miles Southeast of Toledo

Investment Overview

The Dumes Falk Group is pleased to bring to market North Ridgeville Plaza in North Ridgeville, Ohio.

Exclusively Listed By

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