7289 Mentor Ave 7361 Mentor, OH 44060-7579
Points East, located at 7289 Mentor Ave, Mentor, OH 44060, presents a compelling investment opportunity in a thriving retail environment. This 185,102 square foot power center, situated in Lake County, boasts a prime location at the northwest corner of Reynolds Road (OH-306) and Mentor Avenue (US Route 20), providing exceptional visibility and accessibility. The center benefits from its proximity to the Great Lakes Mall trade area and direct access to Interstate 90 and OH-2, ensuring high traffic volume. Currently anchored by prominent national retailers including Marc's, Old Navy, Marshalls, DSW, Pet Supplies Plus, and The Tile Shop, Points East offers a diverse tenant mix catering to a broad customer base. The property features a new digital reader board on the pylon sign, enhancing tenant visibility. Several spaces are currently available, including restaurant spaces with patio options ranging from 5,243 square feet to 4,928 square feet, as well as smaller spaces of 4,080 square feet, 1,792 square feet, and 770 square feet. This property is ideal for businesses seeking high visibility and strong foot traffic in a well-established retail center serving the residents of Lake County. The multiple tenancy structure provides a diverse and stable income stream. This is a rare opportunity to secure a space within a successful and strategically located retail center.
069,070-0 requesting a variance to Sec. 1173.09 of the Mentor Code of Ordinances to allow the installation of parking spaces at a 0-ft. setback from the right-of-way in lieu of the minimum 10-ft. setback required in the B-2, General Business District. RICHARD & MARSHA MAHONEY FOR 6169 THISTLEWOOD DRIVE, PP16-C-081-K-00-020-0 requesting a variance to Sec. 116…
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
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Property description
Physical attributes from public recordsZoning & alternative use
B-2 · Mentor, OH069,070-0 requesting a variance to Sec. 1173.09 of the Mentor Code of Ordinances to allow the installation of parking spaces at a 0-ft. setback from the right-of-way in lieu of the minimum 10-ft. setback required in the B-2, General Business District. RICHARD & MARSHA MAHONEY FOR 6169 THISTLEWOOD DRIVE, PP16-C-081-K-00-020-0 requesting a variance to Sec. 1165.01(a)(2) of the Mentor Code of Ordinances to allow an 180-sq. ft. accessory build
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.