Franklin Park Mall Outparcels
5001 Monroe Street
6.384 m²
Beschreibung
Address: 21653 Center Ridge Road, Rocky River, OH 44116
GLA: 226,155
Occupancy: 95.00%
Year 1 NOI: $2,340,000
Stabilized NOI: $2,640,000
5-Year CAGR: 4.7%
Number of Suites: 24
WALT: 5 Years
Jon Vanderplough: OH BRKP.2025003584
...
Eigenschaften
Vermietungsstand
95 %
WALT
5 Jahre
Anzahl der Einheiten
24
Medien
Investment-Highlights
- Home Depot & Marc’s Anchored Asset
- Home Depot accounts for 30% of income and recently extended five (5) additional years
- Marc’s accounts for 25% of income
- Stable Cash Flow with Value-Add Opportunities
- 48% of in-place small shop tenancy does not have fixed rate options, allowing investors to mark rent to market upon expiration
- Single tenant Dairy Queen (features drive-thru) is 30% below market with no remaining options following expirations in 2030
- 10,850 sf of vacancy across two units allows next investor immediate upside through leasing
- Ideal Income Diversification
- 65% Anchor
- 35% Small Shop
- Proven Tenant Retention
- Weighted average tenure of 30 years driven predominately by anchor tenants Home Depot, Marc’s, and AMC
- Minimal Landlord Capital Requirements
- Both Home Depot and AMC replaced roof recently
Ihre Ansprechpartner
Westwood Town Center (0 Objekte)
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Zuletzt aktualisiert
13. Apr. 2026
