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North Olmsted Towne Center

North Olmsted, OH

95,481 SqFt

Built in 2007

Suburban Core

Investment Highlights

  • 92% Occupied, Class "A" Retail Center in North Olmsted, OH (Cleveland MSA)
  • Shadowed by Target and Across the Street from Walmart with a Combined 3.5 Million Customer Visits in the T12 Month Period – Substantial Traffic Drivers
  • Anchored by The Tile Shop (21% of GLA) and La- Z-Boy (19% of GLA) – Both on Long-Term NNN Leases into 2032
  • Nearly All-National Tenant Base – 97.5% of Occupied GLA (13 of 14 Tenants) are National Retailers/Service Businesses
  • Durable Rent Roll with History of Renewals – 91% of Occupied GLA (10 of 14 Tenants) In-Place 10+ Years, 12.5 Years Overall Weighted Avg. Tenancy Tenure
  • Daily Needs National Small-Shop Tenancy – Bright Now Dental, Crumbl Cookies, U.S. Marines Recruiting, Milan Laser Hair Removal, Jimmy John's & Lady Jane's
  • Majority of Tenants Subject to NNN Leases with 75% Recovery of LL RET/CAM/INS Expense on 92% Physical Occupancy
  • Situated Along Brookpark Road with 15,500 VPD; Visibility to Intersection of Brookpark & Great Northern Intersection with a Combined 38,200 VPD

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