Contact Property

Gristmill Village

7511-7596 Fredle Road, Painesville, OH 44077

  • For Sale Auction Sale
  • Property Type Retail
  • Property Size 92,858 SF
  • Lot Size 11.25 Acre
  • Parking Spaces Avail. 575
  • Parking Ratio 6.19/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Year Built 2001
  • Date Updated Jun 13, 2022
7511-7596 Fredle Road
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Location

  • City Painesville, OH
  • Zip Code 44077
  • Market Cleveland Akron

Contacts

Richard Deptula

Friedman Real Estate

(248) 324-2000

Highlights

  • REO ±92,858 SF grocery-anchored retail and medical center
  • Tremendous investment opportunity | Occupancy 94.20%
  • Anchor tenant’s lease runs through 8/30/2026 with four (4) five-year renewal options (Lucky’s Market)
  • Majority of in-place tenants are medical-office users who have continually occupied space in the center for 10+ years
  • Cleveland area suburb surrounded by affluent residential neighborhoods | Average HH incomes above $128,000 within a two-mile radius
  • Comprised of 6 multi-tenant medical-office and retail buildings including 2 outlot pads
  • Located across from and in waking distance to TriPoint Medical Center and surrounding healthcare businesses employing ±3,000 people
  • Asset will be sold at auction through Ten-X.com on June 22, 2022

Frequently Asked Questions

What is the total square footage of Gristmill Village?

Gristmill Village totals 92,858 square feet.

When was this property built?

Gristmill Village was built in 2001.

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Attachments

Contact Listing Broker

Richard Deptula

Friedman Real Estate

(248) 324-2000

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