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    OFF-MARKET
    Lifestyle centers

    3939 Hoover Rd, Grove City, OH 43123

    45,746 SF Built 1964
    Property ID
    Property summary
    AI-generated overview

    Eastgrove Shopping Center offers a 2,400 square foot retail space, Suite 3959, located at 3949-3971 Hoover Rd, Grove City, OH 43123. This fully built-out space is ideal for a variety of retail uses and is situated within a well-established shopping center anchored by Big Lots, ensuring high foot traffic and visibility. The center boasts a total of 45,746 square feet across 11 suites, with 2,800 square feet currently vacant. Built in 1964 and renovated in 2023, the single-story building features 258 parking spaces and is conveniently located at the intersection of Stringtown and Hoover Roads in the Grove City submarket of Franklin County. The space is available for a 3-5 year lease at a triple net rate of $16.00 per square foot per year. The property is zoned for retail use and benefits from a Walk Score of 72, indicating high walkability. The center's strong tenant mix, including Aldi and Planet Fitness, further enhances its appeal and provides a vibrant retail environment. This location offers easy access to major highways and is surrounded by residential areas, ensuring a steady stream of potential customers. Parcel ID is available upon request. This is a remarkable opportunity to establish or expand a business in a thriving Grove City community.

    Property profile
    Verified
    Property type Lifestyle centers
    Year built 1964
    Total area 45,746 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
    Current use
    Occupant on record · Public records
    • CHINA WOK Restaurant
    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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