Two-Tenant Retail Shopping
For Sale
Contact for pricing
1850 N Memorial Dr, Lancaster, OH 43130
Sherwin-Williams and MOD Pizza occupy the center under NNN leases with tenant reimbursements for operating expenses.
Property SizeContact for details
Days on Market143
Property Features for 1850 N Memorial Dr
General Information
Standard status
Active
Property subtype
Retail
Additional Details
Anchor Co-Tenants
Sherwin Williams, MOD Pizza
Building Details
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Indianapolis
(317) 218-5329
Listed By:
Nathan Whalen · License #IN AB21402364
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 30 at 6:07AM
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 Marcus & Millichap - Indianapolis
Investment Insights
Based on property information with market context.
This retail center in Lancaster includes Sherwin-Williams and MOD Pizza as its two occupants. Sherwin-Williams holds a Ten-Year lease, while MOD Pizza has a separate Ten-Year lease that began in June of 2020. Each agreement includes 2 Five-Year option periods and rent increases scheduled throughout the base term and options.
The leases require tenants to pay their pro-rata shares of real estate taxes, insurance, and common area maintenance, limiting the landlord’s direct operating obligations. The property sits along Memorial Drive within Lancaster’s central retail corridor, near Walmart, Lowe’s, Target, Aldi, Starbucks, and Best Buy. River Valley Mall is also part of the surrounding retail concentration and includes Dick’s Sporting Goods, JCPenney, Old Navy, and a Cinemark Theatre.
The leases require tenants to pay their pro-rata shares of real estate taxes, insurance, and common area maintenance, limiting the landlord’s direct operating obligations. The property sits along Memorial Drive within Lancaster’s central retail corridor, near Walmart, Lowe’s, Target, Aldi, Starbucks, and Best Buy. River Valley Mall is also part of the surrounding retail concentration and includes Dick’s Sporting Goods, JCPenney, Old Navy, and a Cinemark Theatre.
Key Highlights
- Two‑tenant retail center occupied by Sherwin‑Williams and MOD Pizza
- Ten‑Year lease terms for both Sherwin‑Williams and MOD Pizza
- Each lease includes 2 Five‑Year option periods
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
522
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 43130, OH
62,010
Population
26,434
Households
2.3
Avg Household Size
41
Median Age
23%
College-Educated
92%
High-School Grad
164.5 sq mi
ZIP Area
377
Density / Sq Mi
$68,242
Median Household Income
$43,936
Median Earnings
$1,031
Median Rent
$215,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Shopping center - Sherwin-Williams and MOD Pizza occupy the center under NNN leases with tenant reimbursements for operating expenses.
Where is this shopping center located?
The property is located at 1850 N Memorial Dr Lancaster, OH.
What are key features of this property?
This property features: Two‑tenant retail center occupied by Sherwin‑Williams and MOD Pizza; Ten‑Year lease terms for both Sherwin‑Williams and MOD Pizza; Each lease includes 2 Five‑Year option periods
