NNN Retail Center For
27100 Chagrin Blvd Beachwood, OH 44122
27100 Chagrin Blvd, Beachwood, OH, 44122
Contact for pricing
For Sale
Contact for pricing
Pending
Two-tenant retail center in affluent Chagrin Corridor submarket.
Property Size25,684 SF
Days on Market827
Property Features for 27100 Chagrin Blvd
General Information
- Standard status
- Pending
- Size
- 25,684 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1979
Listing Agency
Passov Real Estate Group
(419) 283-8951
Listed by
Noah Dewhirst · License #SAL 2023005727
Source
Crexi
Added: Apr 16, 2024 Updated: Jul 6 at 7:52 am Checked: Jul 20 at 2:46 am
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
Investment Insights
Based on property information with market context.
This retail center is located in the Chagrin Corridor submarket. The property is an 84% covered land value absolute NNN two-tenant building. It is located directly off I-271 at the signalized intersection of Chagrin Blvd & Exit 29, which sees a combined 36,773 vehicles per day. One tenant, Choolaah, has invested over $1.2M in buildouts, while LJI Collision invested $1.5M into their respective spaces. The property is situated in an area with an average household income of $197,000 within a 1-mile radius and a submarket vacancy rate of 1.7% within the General Retail asset class. The tenants' strong sales performance is attributed to the property’s real estate fundamentals.
Key Highlights
- High average household income ($197,000 within 1‑mile).
- Located directly off I‑271 at a signalized intersection with high traffic volume (36,773 vehicles per day).
- Absolute NNN lease structure with 84% covered land value.
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 | $385.3k | $15.00 |
| − Vacancy | −$34.7k | −$1.35 |
| EGI | $350.6k | $13.65 |
| − OpEx | −$105.2k | −$4.10 |
| NOI | $245.4k | $9.56 |
25,684 SF · lease $15.00/SF/yr · vacancy 9.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.51M
$3.07M – $4.09M
NOI $245,411 @ 7.0% cap · market cap 3.01%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$20.58M
$18.01M – $24.01M
NOI $1,440,540 @ 7.0% cap · market cap 17.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Shopping centers
Similar For Sale Nearby
Similar Off Market 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
FAQs
What type of property is this?
Shopping center - Two-tenant retail center in affluent Chagrin Corridor submarket.
Where is this shopping center located?
The property is located at 27100 Chagrin Blvd Beachwood, 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: High average household income ($197,000 within 1‑mile).; Located directly off I‑271 at a signalized intersection with high traffic volume (36,773 vehicles per day).; Absolute NNN lease structure with 84% covered land value.
