Westgate Shopping Center
SE Corner of Rt 20 & W 210 St, Fairview Park, OH 44126, Fairview Park, OH, 44126, US
Asset Description
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
...
Attributes
Land area gross
14.16 ha
Number of buildings
12
Parking spaces
1,986
Occupancy
95.2%
Media
Investment Highlights
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!
Contact brokers
Ridge Park Square (0 Properties)
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Last updated
21 Feb 2025
