Multi-Tenant Retail Center with Grocery
70-120 BARRINGTON TOWN SQ DR Aurora, OH 44202
70-120 BARRINGTON TOWN SQ DR, Aurora, OH, 44202
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For Sale
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Multi-building center with Heinen’s grocery as a shadow anchor and strong in-place income; ~87% occupied.
Property Size112,663 SF
Price / SF$94.27
Days on Market91
Property Features for 70-120 BARRINGTON TOWN SQ DR
General Information
- Standard status
- Active
- Size
- 112,663 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1996
Listing agency
Guggenheim Commercial Real Estate Group
(216) 765-8000
Listed by
Dean August · License #SAL2022004944
Source
Crexi
Added: Apr 24 Updated: Jul 22 at 11:35PM Checked: Jul 22 at 11:35PM
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 Guggenheim Commercial Real Estate Group
Investment Insights
Based on property information with market context.
Barrington Town Center is a 112,663 SF multi-tenant retail property developed across multiple buildings. The center is currently approximately 87% occupied and offers strong in-place income. Heinen’s grocery serves as a shadow anchor, supporting a tenant mix that includes national and regional brands.
The property is located at the intersection of SR-43, SR-82 and SR-306, providing visibility at major signalized intersections within a high-traffic corridor. Aurora Rd (SR-43) is listed at approximately 16,000+ VPD, and the property also reports 1.4M+ annual visitors (Placer.ai). The center includes 1,255 parking spaces.
Positioned between Cleveland and Akron, the trade area is described as affluent, with $150K+ household incomes and a reported 10-mile population of 199,018 and average household income of $161,890. The area is also expected to benefit from nearby redevelopment, including the former Geauga Lake site, introducing additional retail, residential, and mixed-use development.
The property is located at the intersection of SR-43, SR-82 and SR-306, providing visibility at major signalized intersections within a high-traffic corridor. Aurora Rd (SR-43) is listed at approximately 16,000+ VPD, and the property also reports 1.4M+ annual visitors (Placer.ai). The center includes 1,255 parking spaces.
Positioned between Cleveland and Akron, the trade area is described as affluent, with $150K+ household incomes and a reported 10-mile population of 199,018 and average household income of $161,890. The area is also expected to benefit from nearby redevelopment, including the former Geauga Lake site, introducing additional retail, residential, and mixed-use development.
Key Highlights
- 112,663 SF multi‑tenant retail center built in 1996, currently ~87% occupied
- 8.10% cap rate as stated, with strong in‑place income and additional upside through lease‑up and rent growth
- Shadow anchored by Heinen’s grocery with a strong tenant mix including national and regional brands
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $662.5k | $5.88 |
| − Vacancy | −$27.8k | −$0.25 |
| EGI | $634.6k | $5.63 |
| − OpEx | −$190.4k | −$1.69 |
| NOI | $444.2k | $3.94 |
112,663 SF · lease $5.88/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$6.35M
$5.55M – $7.40M
NOI $444,245 @ 7.0% cap · market cap 4.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$22.69M
$19.86M – $26.48M
NOI $1,588,527 @ 7.0% cap · market cap 14.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Shopping centers
Similar For Sale Nearby
Similar Off Market Nearby
- Barrington Town Center — 70 barrington town square dr, aurora, oh 44202
- Barrington Town Center — 70-130 Barrington Town Square Dr, Aurora, OH 44202
FAQs
What type of property is this?
Shopping center - Multi-building center with Heinen’s grocery as a shadow anchor and strong in-place income; ~87% occupied.
Where is this shopping center located?
The property is located at 70-120 BARRINGTON TOWN SQ DR Aurora, OH.
What is the asking price?
The asking price for this property is $10,620,247.
What are key features of this property?
This property features: 112,663 SF multi‑tenant retail center built in 1996, currently ~87% occupied; 8.10% cap rate as stated, with strong in‑place income and additional upside through lease‑up and rent growth; Shadow anchored by Heinen’s grocery with a strong tenant mix including national and regional brands
