Ridge Park Square_Propiedad en venta
Ridge Park Square_Propiedad en venta

Ridge Park Square

I-480 Ridge Road, Brooklyn, OH, 44144, US

Descripción del activo

Property Location: I-480 & Ridge Road, Brooklyn, Ohio


Year 1 NOI: $4,650,000


5-Year CAGR: 5.2%


WALT: 6 Years


WTD. AVG. Tenure: 16 Years


# of Tax Parcels: 16


Ingress / Egress: 13


Year Developed:

North Center - 1988

Applebee's Building - 1995

FexEd Building - 1999

Marc's Building - 2001

Ashley Building - 2004

...

Atributos

Área de terreno bruta
14,16 ha
Edificios
12
Plazas de aparcamiento
1986
Ocupación
95,2 %

Medios

Aspectos destacados de la inversión

Rare Dual Grocery Anchored Shopping Center


Ability to Bifurcate | Exit Flexibility

  • Ridge Park Square currently operates as two separate shopping centers separated by Northcliff Ave, providing next investor exit flexibility
  • The asset features 12 separate buildings and 16 separate tax parcels


Generational Buying Opportunity


Exceptional Leasing Momentum | 5 New Deals Across Almost 50,000 SF

  • New 15-year build to suit lease with Chipotle (includes “Chipotlane”)
  • New 15-year lease with Grocery Outlet - JUST OPENED
  • New 10-year lease with Dollar Tree
  • New 10-year lease Sarku Japan
  • New 10-year lease with Brooklyn Nail Bar


Tremendous Insight Into High Performing Retailers

  • Weighted-Average Health Ratio of sub 5%
  • Every reporting retailer operates at a sub 10% health ratio
  • Over 50% of GLA required to report sales


Regionally Dominant Center With Unmatched Frontage And Visibilty

  • Over 6.1M Annual Visitors
  • Located directly off I-480 (VPD:128,284) with pylon visibility!



Ridge Park Square 4_Propiedad en venta
Ridge Park Square 4_Propiedad en venta

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Ridge Park Square (0 Propiedades)

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Última actualización
10 de abr de 2025