Three-Tenant Shopping
New
For Sale
$6,670,000
1325-1499 Columbia Rd, Westlake, OH 44145
Established retail property with NNN leases, substantial parking, and multiple access points along Columbia Road.
Property SizeContact for details
Days on Market2
Property Features for 1325-1499 Columbia Rd
General Information
Standard status
Active
Property subtype
Commercial
Occupancy
100%
Lease Term
7 Years
Net Operating Income
$533,479
Site & Location
Traffic Count
23,715 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Tenancy
Multi
Listing Agency:
Matthews
(216) 503-3607
Listed By:
Ben Snyder · License #2018002569 (OH)
(216) 503-3607
Source:
Matthews
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 9 at 4:25AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Matthews
Investment Insights
Based on property information with market context.
This three-tenant shopping center occupies a nearly 6-acre parcel at 1325-1499 Columbia Rd in Westlake, Ohio. Michaels and KeyBank are the primary revenue contributors, and all three occupants are on NNN leases. Michaels has exercised its third renewal option, extending occupancy through May 2032, while KeyBank has also completed a lease extension. Recent capital work includes parking-lot sealcoating and restriping currently in process.
The property fronts Columbia Rd, which carries approximately 23,715 VPD, and is less than 0.5 mile from I-90, carrying approximately 94,000 VPD. Multiple ingress and egress points support access, with abundant on-site parking serving the center. The site is positioned within the Cleveland submarket and benefits from a 5-mile population of 153,000 and 1-mile AHHI of $132,000.
The property fronts Columbia Rd, which carries approximately 23,715 VPD, and is less than 0.5 mile from I-90, carrying approximately 94,000 VPD. Multiple ingress and egress points support access, with abundant on-site parking serving the center. The site is positioned within the Cleveland submarket and benefits from a 5-mile population of 153,000 and 1-mile AHHI of $132,000.
Key Highlights
- Three‑tenant shopping center on a nearly 6‑acre parcel
- Michaels lease extended through May 2032 after exercising its 3rd renewal option
- All three tenants occupy the property under NNN leases
Property Analytics
Current Use
Lease Details
23,715 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
285
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44145, OH
34,228
Population
15,781
Households
2.2
Avg Household Size
47
Median Age
58%
College-Educated
96%
High-School Grad
15.9 sq mi
ZIP Area
2,153
Density / Sq Mi
$110,101
Median Household Income
$63,385
Median Earnings
$1,480
Median Rent
$336,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Westridge Plaza Shopping Center — 27175 Center Ridge Rd, Westlake, OH 44145
Frequently Asked Questions
What type of property is this?
Shopping center - Established retail property with NNN leases, substantial parking, and multiple access points along Columbia Road.
Where is this shopping center located?
The property is located at 1325-1499 Columbia Rd Westlake, OH.
What is the asking price?
The asking price for this property is $6,670,000.
What are key features of this property?
This property features: Three‑tenant shopping center on a nearly 6‑acre parcel; Michaels lease extended through May 2032 after exercising its 3rd renewal option; All three tenants occupy the property under NNN leases
