Property summary
This exceptional investment opportunity presents a 100% occupied, 57,275 square foot grocery-anchored neighborhood retail center situated in Olmsted Township, Ohio, within the Cleveland MSA. The property boasts a strong anchor tenant, Shaker's MarketPlace, a multi-unit local grocery operator with a lease extending to July 2029, occupying 59% of the gross leasable area (GLA). This lease presents a significant opportunity for future rent increases or credit enhancement due to the lack of… remaining renewal options. A Cleveland Clinic express and outpatient care facility, leasing 15% of the GLA, provides further stability with a lease extending to 2026. The property also includes a three-tenant outparcel building featuring long-term leases and a recently renovated façade, strategically located at a high-traffic intersection. The remaining inline space comprises seven highly desirable small-shop units (1,110-1,800 sq ft each), leased to a diverse range of daily-needs operators. All twelve tenants operate under NNN leases, ensuring 100% recovery of taxes, insurance, and common area maintenance expenses. The property benefits from its location at the epicenter of Olmsted Township's planned "Town Center" development, an affluent area with an average household income exceeding $128,000 within a one-mile radius. The property sits at a hard corner intersection with high visibility and significant daily vehicle traffic (18,000+ VPD), and is conveniently located near major roadways, including I-480 (60,435 VPD). This prime location is further enhanced by the ongoing residential development in the area by prominent builders, ensuring continued growth and demand. The property's strong tenant mix, high occupancy rate, and favorable location make it an attractive investment with significant upside potential. Built in 1985, with renovations in 1992 and 2023, the property consists of two single-story buildings on a 4.89-acre lot. The asking price is $8,120,000, representing a compelling 8.00% capitalization rate and a price per square foot of $141.77. The Net Operating Income (NOI) is $649,529.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 properties nearbyComparable nearby
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 57,275 SF
- Lot area
- 4.89 ac
- Year built
- 1985
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
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- Value Estimation
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- Cap Rate Calculation
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- Full Property Data
- Historical Records
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- Alternative use
- Local Zoning Insight
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