Lakewood Place

Unique Opportunity to Acquire a Retail Strip in Lakewood, OhioOver 100,000 People in 3 Miles with Average HH Income $74,464New Tenants Include PotBelly, Dave’s Hot Chicken, Beyond JuiceryAverage Term Remaining is 6.5 Years with Staggered Option DatesOver 12,000 Daily Vehicles on Detriot Road Directly in Front of the PropertyBuilding Underwent Complete Redevelopment in 2007

For sale to qualified investors is a rare opportunity to acquire a service-oriented, internet proof strip center located in Lakewood, Ohio. The property is located on Detroit Road across the street from The Cleveland Clinic, Marc’s Grocery, Starbucks and Chipotle, in one of the most dynamic retail and residential markets in all of Ohio. One of the most densely-populated, high-income markets in the state, there are over 100,000 people living within only 3 miles of the property earning average household incomes over $75,000. Due to the highly-educated, dense population base also in close proximity to downtown Cleveland, Lakewood is home to numerous national, regional, and local retailers, and features the highest concentration of restaurants in Northeast Ohio. The building itself was completely remodeled in 2007 including roof, mechanical, facades, parking, and more. It is situated in the center of this market and shares the signalized entrance to Marc’s Grocery, one of the only traditional retail centers in the area. The property has an excellent tenant mix including Great Clips, PotBelly, Dave’s Hot Chicken, Cycle Fly, Beyond Juice, Lakewood Optical, and newest tenant, Battr. Featuring long-term triple net leases with service-oriented tenants and staggered lease terms, the property is poised to provide the investor with stable cash flow for years to come.