Technical
Financial
Distress signals
Property profile

8383 Tyler Blvd Mentor, OH 44060

OFF-MARKET
Grocery and convenience stores
Property ID
US66-5572763
57,044 SF 8.03 ac lot Built 2018
Individually Owned 6-yr Hold Free & Clear
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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

Current use

Occupant on record · Public records
  • Grocery & Convenience Store Food Market
  • Pharmacy
  • Bank Loan Service
  • Bakery Specialty Food Shop
  • Bank Credit Union

Location

8383 Tyler Blvd Mentor, OH 44060-4214
Mentor metro Census 206500 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

since 2020
Last sale
$21.5M
3 recorded transactions
2020
Price N/A
2020
$21.5M
2020
$455,473

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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