7721-7723 Mentor Ave Mentor, OH 44060
This prime Mentor, OH retail property offers exceptional opportunities for businesses seeking high visibility and strong demographics. Located at 7721-7723 Mentor Ave, 44060, this multi-tenant strip center boasts two significant spaces: a 22,000 square foot former Petco location (100' x 220') and a 42,500 square foot former Toys"R"Us space (180' x 220'). The property benefits from a robust trade area drawing from Lake and Northern Geauga counties, and enjoys a strategic location directly across from the Great Lakes Mall. This translates to a substantial customer base: over 105,000 people reside within a 5-mile radius, boasting an average household income exceeding $84,000. Furthermore, a significant daytime population of over 24,000 employees works within a 3-mile radius, ensuring consistent foot traffic and potential clientele. The minimum divisible space is 22,500 square feet, with a maximum contiguous space of 42,060 square feet, offering flexibility for various business needs. This exceptional location and substantial space make this property an ideal investment for businesses seeking significant market presence and high growth potential.
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
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.