Property profile

3939 Hoover Rd Grove City, OH 43123

OFF-MARKET
Lifestyle centers
45,746 SF Built 1964
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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

Current use

Occupant on record · Public records
  • Restaurant

Location

3939 Hoover Rd Grove City, OH 43123
Grove City metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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