Skip to main content

Scroll Down

View Full Details

Retail

Points East Shopping Center

Mentor, OH

199,004 SqFt

Built in 1988

Suburban Core

Investment Highlights

  • 97.09 Percent Occupied, 199,004-Square-Foot Grocery- Anchored Shopping Center in Affluent Cleveland Suburb
  • Below-Market Assumable CMBS Debt: 4.525 Percent Interest Rate, 30-Year Amortization, 7/2025 Maturity
  • 45,852 Cars per Day – One of Busiest Intersections in Trade-Area
  • Anchored by Marc's Grocery Store (20 Percent of Gross Leasable Area); $544 per Square Foot in Sales (2.1 Percent R/S Ratio); Recent Extension Thru 5/2028
  • Six Jr. Anchors Occupy 50 Percent of Gross Leasable Area: Staggered Expirations (2024-2033); 19.1 Years Weighted Tenure
  • 2.9 Percent Net Operating Income CAGR Thru Year Six; 2.1 Percent Net Operating Income CAGR Thru Year 10
  • 51 Percent of Gross Leasable Area In-Place Over 25 Years; 37 Percent of Gross Leasable Area In-Place Since 1988 Construction (35 Years)
  • 0.9-Miles to 1.2 Million-Square-Foot Great Lakes Mall – Top Mall Within 15 Miles; Top 25 Percent of Malls in Ohio

Exclusively listed by

Related Research

Back to top

More Listings from Scott Wiles