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Property profile & analytics
FOR LEASE
Strip malls

9560 Diamond Centre Dr Mentor, OH 44060

23,200 SF 3.03 ac lot Built 2004
Entity Owned 8-yr Hold Free & Clear
Property ID
US66-1454821
9560 Diamond Centre Dr, Mentor, OH 44060 For Lease
Contact for pricing
9560 Diamond Centre Dr, Mentor, OH 44060
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Property summary
AI-generated overview

This exceptional investment opportunity presents a fully leased ATM outlot at Trask Plaza in Lake County. The property is designated as retail land with single-tenant occupancy, offering a stable income stream. Situated on Diamond Centre Drive, this location boasts unparalleled visibility and convenient access to major thoroughfares including Route 2, Route 44, and I-90. This high-traffic area benefits from its proximity to a concentration of significant retail anchors, including Menard's, Sam's Club, The Home Depot, and Atlas Cinemas, ensuring consistent customer flow. The strategic placement near major corporations such as STERIS Corporate Headquarters and Avery Dennison Corporation further enhances the property's value and potential for long-term growth. The single-tenant nature of the lease simplifies management and minimizes vacancy risk. This fully leased land parcel represents a compelling investment opportunity for those seeking a stable, high-visibility retail asset in a thriving commercial area. The property's location within Lake County provides access to a robust consumer base and a strong regional economy. The ease of access to major highways ensures convenient access for both customers and employees. This is a rare opportunity to acquire a prime retail outlot in a highly desirable location with established tenants and excellent visibility. The property's current lease status provides immediate cash flow, making it an attractive option for investors seeking a low-risk, high-return investment.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2004
Total area 23,200 SF
Lot 3.03 ac (131,856 SF)
APN 16-B-065-0-00-042-0
UPID US66-1454821
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
$470k
CAP Approach CAP
by Request
Comparable Approach Comparable
$904k
Blend (final) Blend
$690k
Owner & transaction history
Trask Shopping Center LLC · 8 yrs held
Trask Shopping Center LLC
since 2018
6 recorded transactions
2018
Price N/A
2018
Price N/A
2015
Price N/A
2015
Price N/A
2003
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $960,000 +58.9%
Auto repair, garage $835,000 +38.3%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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