27100 Chagrin Blvd Orange, OH
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Fully occupied retail center with strong tenant mix and location.
Type:RETAIL
Property size:
25,684 SFLot size:
5.46 AcresPrice / SF:
$317/SF- Added:
- May 3, 2024
- Days on Market:
- 720
- Last Refresh:
- Apr 5 at 10:11 pm
Property Features for 27100 Chagrin Blvd
General Information
- Standard status
- Active
- Size
- 25,684 SF
- Lot size
- 5.46 Acres
- Property subtype
- RETAIL
Listing agent Alex Van Krevel License #SAL.2018001867
Listing office Passov Real Estate Group (216) 831-8100
Listing date May 3, 2024
Source Moodyscre
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 Passov Real Estate Group
Overview
Occupied Retail Center For Sale
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.
Location Intelligence
Current Use by Public Records
Shopping centers
Similar Places Nearby
- Pinecrest Plaza Shopping — Park Ave, Orange, OH 44122
- Woodmere Place — 27900-27970 Chagrin Blvd, Woodmere, OH 44122
- Village Square — 27085 Chagrin Blvd, Woodmere, OH 44122
- West End — 28077 Chagrin Blvd, Woodmere, OH 44122
- Newcan — Woodmere Blvd, Woodmere, OH 44122
Map
- City
- Orange
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.4807
- Latitude
- 41.4498
FAQs
What type of property is this?
Shopping center - Fully occupied retail center with strong tenant mix and location.
Where is this shopping center located?
The property is located at 27100 Chagrin Blvd Orange, OH.
What is the asking price?
The asking price for this property is $8,143,000.
What are key features of this property?
This property features: 100% Occupied 25,684 sf NNN Retail Center; Located in a densely populated & highly affluent market with over 190k residents within 5‑miles and $200k Household Income within 1‑mile; Irreplaceable real estate positioned on a heavily trafficked signalized intersection at exit 29 & Chagrin Blvd combining for 36,773 vehicles per day.
