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    OFF-MARKET
    Community centers

    803-837 Houk Rd, Delaware, OH 43015

    114,805 SF
    Property ID
    Property summary
    AI-generated overview

    This exceptional retail opportunity is located at Westfield Shopping Center, situated at the high-traffic intersection of SR-37 and N Houk Road in Delaware, Ohio (43015). The property, a community center totaling 114,805 square feet, offers two available suites: one approximately 2,000 square feet and another approximately 5,000 square feet, with a minimum divisible space of 1,600 square feet and a maximum contiguous space of 5,000 square feet. Currently, 11,800 square feet is vacant. The center boasts a diverse tenant mix including retail, medical, and service businesses, creating a convenient destination for a large customer base. Benefit from the strong draw of a recently renovated ($2 million) Kroger, a shadow anchor tenant, along with other established businesses such as Buffalo Wild Wings, Valvoline, T-Mobile, and Great Clips. This prime location offers significant exposure and is conveniently located minutes from Ohio Wesleyan College and Grady Memorial Hospital, serving a trade area exceeding 100,000 people. The property is in Delaware County, within the Delaware submarket, providing excellent access and visibility. This is an ideal location for businesses seeking high visibility and a strong customer base in a thriving community.

    Property profile
    Verified
    Property type Community centers
    Total area 114,805 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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