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Royalton Collection

Strongsville, OH

15,416 SqFt

Built in 2021

Suburban Core

Investment Highlights

  • Generational Class "A" New Construction 6-Tenant Strip Center Offering in Strongsville, Ohio (Cleveland MSA)
  • Weighted Average Lease Term of 8.3 Years Remaining
  • All National & Regional Tenants Including Spectrum, City BBQ, Sleep Number, Tropical Smoothie Café, Red Wing Shoes and Teriyaki Madness
  • Premier Location and Demographics – Excellent Positioning within a Primary Retail Node with AHHI of $95-105,000 in a One, Three, and Five Mile Radius
  • Offered Free and Clear with Year One Cash-on-Cash Return of 8.28 Percent and 10-Year Leveraged IRR of 12.12 Percent at Proposed 66 Percent LTV CMBS IO Debt Terms
  • All Tenants Have Scheduled Rent Increases in Current Term Providing Organic NOI Growth and Inflation Hedge
  • Strong Recovery of Landlord Operating Expenses via All Triple-Net (NNN) Lease Terms – 100 Percent Recovery of Real Estate Taxes, Insurance and CAM
  • 15,416 Square-Foot High-Image, Modern Construction with Attractive Storefront Facades; Outdoor Seating Opportunities for Restaurant Tenants

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