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    Property profile & analytics
    FOR LEASE
    Strip malls

    2855 Progress Way, Wilmington, OH 45177

    10,680 SF 1.26 ac lot Built 2004
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US66-4125125
    2855 Progress Way, Wilmington, OH 45177 For Lease
    $18 SF/Yr
    2855 Progress Way, Wilmington, OH 45177
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    Property summary
    AI-generated overview

    Wilmington Square II offers a unique opportunity to lease retail space within a thriving shopping center. This single-story, 10,700 square foot building, constructed in 2004, is strategically located at the corner of State Route 73 and US Routes 22/3, benefiting from high visibility and significant traffic flow. The property boasts a strong tenant mix, anchored by a substantial 203,622 square foot Wal-Mart Super Center. Additional national retail tenants include well-known brands such as Maurice's, GameStop, Subway, and LA Tan, creating a powerful draw for consumers. This established center serves as the dominant retail destination for all of Clinton County, ensuring consistent customer traffic and high visibility for potential tenants. Currently, one retail space of 1,800 square feet is available, ideal for a variety of businesses seeking a prime location within a successful retail environment. The property's location and established tenant base provide a strong foundation for growth and success. The building's single-story design offers convenient access and ample parking for customers. This is an exceptional opportunity to establish or expand your business in a high-traffic, high-demand retail location.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 2004
    Total area 10,680 SF
    Lot 1.26 ac (54,711 SF)
    APN 290-18-05-09-0002-00
    UPID US66-4125125
    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
    • Great Clips Hair Salon
    • L.A. TAN Tanning Salon
    • T-Mobile Authorized Retailer Mobile Phone Store Electronics & Wireless Store
    • Wilmington Tobacco and Vape (Bike/Boat/Book/etc) Store
    • MELISSA GAYLE HOLMES Physician
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $340k
    CAP Approach CAP
    $700k
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $520k
    Owner & transaction history
    WILMINGTON II LLC
    WILMINGTON II LLC
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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