Building Details

Tenancy Multi

Listing Agency: Goodman Real Estate Show Phone

Listed By: Kyle Hartung · License #SAL.2003016343 Show Phone

Source: Moodyscre

Added: Nov 7, 2023 Changed: Aug 15 Last Checked: Sep 13 at 6:49AM

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Investment Insights

Based on property information with market context.

For qualified investors, this fee simple shopping center opportunity is anchored by Sparkle Market and totals 180,488 square feet. The property is currently 24% occupied and includes grocery-led tenancy plus retail and service tenants such as Dollar Tree, Little Caesar’s Pizza, and Metro PCS.

The center is located near access to the Warren Outer Belt (Route 82) and is surrounded by a dense population base. Grocery anchor Sparkle Market has operated at the property since 1989. Other nearby national tenants include Aldi, CVS, McDonald’s, PNC Bank, Autozone, O’Reilly, Dollar General, Rite Aid, and others.

Vacancies include a 94,114 square foot former Kmart, an outlot opportunity, and various-sized inline spaces. Additional leasing positioning is reflected through projections to increase occupancy to 82%.

Key Highlights

• 180,488 square foot shopping center offered fee simple
• Currently 24% occupied with grocery‑led tenancy
• Sparkle Market grocery anchor operating since 1989

Property Analytics

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Current Use

Shopping centers

Suggested Use

Top Pick Building Supply Restaurant Law Firm Big Box & Wholesale Store Auto Repair Shop Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

24%

Occupancy

Multi-tenant

Tenancy

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

182

Businesses Nearby

63k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 49% Dining 30% Groceries 19% Electronics 1%

McDonald's Dining

16,538 visits/mo 0.1 miles

Aldi Groceries

11,997 visits/mo 0.2 miles

Dollar Tree Shops & Services

9,243 visits/mo 0.1 miles

Dollar General Shops & Services

8,744 visits/mo 0.2 miles

Family Dollar Shops & Services

5,017 visits/mo 0.4 miles

Demographics for 44485, OH

15,172

Population

7,640

Households

2

Avg Household Size

39

Median Age

15%

College-Educated

82%

High-School Grad

7.8 sq mi

ZIP Area

1,945

Density / Sq Mi

$33,720

Median Household Income

$30,225

Median Earnings

$818

Median Rent

$73,600

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this shopping centers located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Shopping center - A 180,488 SF shopping center currently 24% occupied, anchored by Sparkle Market and including multiple inline vacancies.

Where is this shopping center located?

The property is located at 2553-2587 Parkman Rd NW Warren, OH.

What is the asking price?

The asking price for this property is $1,900,000.

What are key features of this property?

This property features: 180,488 square foot shopping center offered fee simple; Currently 24% occupied with grocery‑led tenancy; Sparkle Market grocery anchor operating since 1989