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    7721-7723 Mentor Ave Mentor, OH 44060

    For Lease
    Contact for pricing

    High-traffic retail spaces, ideal for large tenants.

    Lot size:
    65,100 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This prime Mentor, OH retail property offers exceptional opportunities for businesses seeking high visibility and strong demographics. Located at 7721-7723 Mentor Ave, 44060, this multi-tenant strip center boasts two significant spaces: a 22,000 square foot former Petco location (100' x 220') and a 42,500 square foot former Toys"R"Us space (180' x 220'). The property benefits from a robust trade area drawing from Lake and Northern Geauga counties, and enjoys a strategic location directly across from the Great Lakes Mall. This translates to a substantial customer base: over 105,000 people reside within a 5-mile radius, boasting an average household income exceeding $84,000. Furthermore, a significant daytime population of over 24,000 employees works within a 3-mile radius, ensuring consistent foot traffic and potential clientele. The minimum divisible space is 22,500 square feet, with a maximum contiguous space of 42,060 square feet, offering flexibility for various business needs. This exceptional location and substantial space make this property an ideal investment for businesses seeking significant market presence and high growth potential.

    Property Features for 7721-7723 Mentor Ave

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    65,100 SF

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    22,500 SF
    Space
    Available Space 2
    Size
    42,600 SF

    HighLights

    • High‑visibility Mentor, OH retail property at 7721‑7723 Mentor Ave, 44060.
    • Multi‑tenant strip center with two large spaces: 22,000 SF (former Petco) and 42,500 SF (former Toys"R"Us).
    • Strong demographics: over 105,000 residents within 5 miles, average household income over $84,000.
    • High daily traffic due to proximity to Great Lakes Mall and over 24,000 employees within 3 miles.
    • Flexible space options: minimum 22,500 SF, maximum 42,060 SF contiguous.
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mentor
    County
    Lake
    State
    Ohio
    Longitude
    -81.3650998
    Latitude
    41.6616118

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    FAQs

    What type of property is this?
    Neighborhood center - High-traffic retail spaces, ideal for large tenants.
    Where is this neighborhood center located?
    The property is located at 7721-7723 Mentor Ave Mentor, OH.
    What are key features of this property?
    This property features: High-visibility Mentor, OH retail property at 7721-7723 Mentor Ave, 44060.; Multi-tenant strip center with two large spaces: 22,000 SF (former Petco) and 42,500 SF (former Toys"R"Us).; Strong demographics: over 105,000 residents within 5 miles, average household income over $84,000.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7721-7723 Mentor Ave Mentor, OH 44060
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