56 Stower Ln Norwalk, OH 44857-2657
This exceptional investment opportunity presents a five-tenant retail strip mall ideally situated in Norwalk, Ohio. The property boasts a total of 1.26 acres and features four strong, established tenants all operating under favorable Net Net Net (NNN) leases, minimizing landlord responsibilities. These tenants include a popular pizza restaurant (East of Chicago Pizza), a well-known financial services firm (Edward Jones), and two thriving oral surgery practices. The oral surgery practices have recently invested over $500,000 in improvements within the last two years, demonstrating their commitment to the location and long-term success. A significant advantage is the inclusion of a prominent monument sign on Route 250, ensuring high visibility and attracting potential customers. Currently, one in-line space of 1,496 square feet is vacant, presenting a unique opportunity for an owner-occupant or an investor seeking to increase rental income. While not currently marketed, this space is easily rentable given the property's prime location and existing tenant strength. This property offers a compelling combination of stable income from existing tenants and significant upside potential from leasing the vacant space, making it an attractive investment for both owner-occupants and investors seeking a strong return on investment. The property's location and tenant mix create a robust and desirable investment opportunity.
-
Norwalk Dental Center Dental Office
-
East of Chicago Pizza Restaurant
-
Edward Jones - Financial Advisor: Andrea M Lepley, AAMS® Financial Advisor
-
Dr. Joseph Kim Dental Office
-
Norwalk Office Law Firm
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.