Rehold

Portage Crossings

106,042 SF | 100% Leased | Retail Building | Wooster, OH 44691 | $8,230,000 ($78/SF) | 7.75% Cap Rate

Asking Price $8,230,000

Property Type: Retail
Square Feet: 106,042 SF
Price / Square Foot: $78

Listing Contacts

Scott Wiles

Scott Wiles

Verified Profile

Craig Fuller

Craig Fuller

Verified Profile

Property Info

Property Details

Class: C
Year Built: 1972
Stories: 1
Property Subtype: Freestanding, Storefront
Lot Size (sq. ft): 545,807 SF

Highlights

100% Occupied, 106,042 SF 3-Tenant Grocery-Anchored Community Shopping Center in Wooster, OH
Complete Renovation from 2019-2022 with All-New Leases, Build-outs & Extensive Capital Improvements
Seller has Invested Over $3 Million in CapEx Including New Roof, All-New HVAC, Storefronts, Exterior Paint & Extensive New Built-Outs
Anchored by Marc’s (47.3% of GLA) on NNN Lease thru July 2029; 2022 Sales Exceeded Percentage Rent Breakpoint – Contact Agent for Details
Marc’s has Upcoming 7% Rent Increase in August 2024 (+$0.50/SF, +$25,096 Annually)
Ollie’s Bargain Outlet (37% of GLA) – Leased thru March 2028; Reports Strong Sales with Low 6.4% Rent-to-Sales Ratio

Nearby Properties

Dallas MSA

2.8 Acres of Commercial Land in Dallas, TX 75243

9200 Markville Dr
Dallas, TX 75243

View Details
$1,825,000

Entenmann's Bakery Outlet

8,160 SF | Retail Building | Lakeland, FL 33801 | $1,825,000 ($224/SF)

3354 Us Highway 92
Lakeland, FL 33801

View Details
$422,093

0.57 Acres of Commercial Land Offered at $422,093 USD in Broken Arrow, OK 74012

850 Msn Ave
Broken Arrow, OK 74012

View Details
$1,999,000

21,680 SF Specialty Building Offered at $1,999,000 in Harrisville, MI 48740

790 Us 23
Harrisville, MI 48740

View Details
Vacant Land located near Harborage Marina

3.71 Acres of Commercial Land in Saint Petersburg, FL 33701

1100 4Th St
Saint Petersburg, FL 33701

View Details
$5,150,000

Walgreens

14,550 SF | Retail Building | Thomson, GA 30824 | $5,150,000 ($354/SF) | 5.99% Cap Rate

668 Main St
Thomson, GA 30824

View Details
$2,500,000

Owner-User (Manufacturing) - Vale, NC

82,876 SF | Industrial Building | Vale, NC 28168 | $2,500,000 ($30/SF)

7514 Nc Hwy
Vale, NC 28168

View Details

Similar Properties

$8,230,000

Portage Crossings

106,042 SF | 100% Leased | Retail Building | Wooster, OH 44691 | $8,230,000 ($78/SF) | 7.75% Cap Rate

1799 Portage Rd
Wooster, OH 44691

View Details
$8,229,000

The RIM-New 2 Tenant QSR Drive-Thru Pad Bldg.

7,250 SF | 100% Leased | Retail Building | San Antonio, TX 78257 | $8,229,000 ($1,135/SF) | 6% Cap Rate

17315 Interstate 10
San Antonio, TX 78257

View Details
$8,228,571

Harley-Davidson

46,030 SF | 4-Star Retail Building | Cleveland, OH 44135 | $8,228,571 ($179/SF) | 7% Cap Rate

4985 150Th St
Cleveland, OH 44135

View Details
$8,228,000

TD Bank - Absolute NNN Lease - Long Island

4,100 SF | Retail Building | Lawrence, NY 11559 | $8,228,000 ($2,007/SF) | 5.50% Cap Rate

500 Rockaway Tpke
Lawrence, NY 11559

View Details
$8,235,000

Chick-fil-A | New 15yr Corp Abs NNN | DrThru

4,594 SF | Retail Building | Antioch, CA 94531 | $8,235,000 ($1,793/SF) | 4.25% Cap Rate

5705 Lone Tree Way
Antioch, CA 94531

View Details
$8,237,000

7-Eleven Ground Lease

3,000 SF | Retail Building | Sacramento, CA 95832 | $8,237,000 ($2,746/SF) | 4.75% Cap Rate

1911 Cosumnes River Blvd
Sacramento, CA 95832

View Details
$8,242,287

Prime Williamsburg Commercial Parcel

21.97 Acres of Commercial Land Offered at $8,242,287 USD in Williamsburg, VA 23188

6895 Richmond Rd
Williamsburg, VA 23188

View Details

FAQ

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?: Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?: Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker: We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?: Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
How do I unsubscribe from emails?: At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].