27100 Chagrin Blvd Orange, OH

This 25,684 square foot retail center is 100% occupied. The property benefits from its location directly off I-271, which experiences a daily traffic volume of 171,807 vehicles. Situated at a signalized intersection at exit 29 and Chagrin Blvd, the location benefits from a combined daily traffic count of 36,773 vehicles. The surrounding area is densely populated and affluent, with over 190,000 residents within a 5-mile radius and a household income of $200,000 within a 1-mile radius. The submarket exhibits a 1.7% vacancy rate for general retail, indicating strong retailer demand for this location. The tenant mix demonstrates strong sales performance, fostering long-term commitment. Choolaah's flagship store, their top performer out of six locations, has been operating here since 2015 and signed a 10-year extension in December 2023. LJI Collision, a single-unit auto repair and restoration operator, has been operating at this location since 2010 and recently extended their lease for 5 years in April 2023. Annual rent increases provide a NOI Compound Annual Growth Rate of 2.38% over a 10-year hold period.