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    FOR LEASE
    Grocery and convenience stores

    8383 Tyler Blvd, Mentor, OH 44060

    57,044 SF 8.03 ac lot Built 2018
    Individually Owned 5-yr Hold Free & Clear
    Property ID
    US66-5572763
    8383 Tyler Blvd, Mentor, OH 44060 For Lease
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    8383 Tyler Blvd, Mentor, OH 44060
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    Property summary
    AI-generated overview

    This exceptional retail opportunity consists of two outparcels totaling one acre, ideally situated in front of a Giant Eagle grocery store in Mentor, Ohio. The property boasts excellent visibility and accessibility, with frontage on both Center Street (38,559 vehicles per day) and Tyler Boulevard (9,426 vehicles per day), ensuring high traffic exposure for any business. This strategic location places the property within Mentor's vibrant retail trade area, Ohio's sixth largest, guaranteeing a substantial customer base. The site's proximity to Mentor High School (2,405 students) provides a consistent flow of potential customers. Furthermore, its advantageous position abutting the Route 2 Interchange and the Tyler Road corridor, Mentor's highest concentration of businesses, offers unparalleled convenience and connectivity. The single-tenant property presents a unique chance to establish a thriving retail presence in a high-demand area with exceptional visibility and access to a large and diverse customer base. This is an ideal location for businesses seeking strong traffic counts and a prime position within a thriving commercial hub. The property's size and location make it suitable for a variety of retail uses. The combination of high traffic volume, proximity to a major grocery store, and location within a densely populated area makes this an exceptional investment opportunity.

    Property profile
    Verified
    Property type Grocery and convenience stores
    Use group GROCERY, SUPERMARKET
    Year built 2018
    Construction WOOD
    Total area 57,044 SF
    Lot 8.03 ac (349,656 SF)
    APN 16-B-039-G-00-001-0
    UPID US66-5572763
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Patriot Exchangeright Mentor L · 5 yrs held
    Patriot Exchangeright Mentor L
    since 2020
    Last sale
    $21.5M
    3 recorded transactions
    2020
    2020
    $21.5M
    2020
    $455,473
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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