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Property profile & analytics
FOR LEASE
Strip malls

709 W Perkins Ave Sandusky, OH 44870

81,600 SF 4.57 ac lot Built 1966
Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US66-1637414
Property summary
AI-generated overview

This well-maintained 96,930 square foot retail strip center is situated on a 7.86-acre lot at 709 W. Perkins Avenue in Sandusky, Ohio (zip code 44870). Built in 1966, the property boasts a strong tenant roster including Dollar Tree, Family Dollar, Tractor Supply Company, Subway, Rent-A-Center, Cash America Pawn, and Jo Wok. Two spaces are currently available, ranging in size from 1,633 to 21,593 square feet, presenting excellent opportunities for expansion or new tenancy. The center enjoys a highly visible location on W. Perkins Avenue, a major thoroughfare with a daily traffic count of 23,535 vehicles. Its convenient location is approximately 2.4 miles (five minutes) from the Ohio Turnpike (I-80/90), providing easy access for both local customers and those traveling through the area. Located in Erie County, this property offers a compelling investment opportunity in a thriving retail market. The property's established tenant base and high-traffic location contribute to a strong potential for return on investment. Serious inquiries are encouraged.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1966
Total area 81,600 SF
Lot 4.57 ac (199,026 SF)
APN 57-02419-000
UPID US66-1637414
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
  • Metro by T-Mobile Mobile Phone Store Electronics & Wireless Store
  • Smoke land, tobacco and vape (Bike/Boat/Book/etc) Store
  • Tractor Supply Co. Pet Store & Service
  • Save A Lot Grocery & Convenience Store Food Market
  • Jo Wok Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$940k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.47M
Blend (final) Blend
$1.21M
Owner & transaction history
Sandusco INC · 7 yrs held
Sandusco INC
since 2019
2 recorded transactions
2019
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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