appleseed center - loopnet · 2018. 9. 13. · appleseed center currently is currently 64% occupied...

KKeevin Jvin Jamesames, CCIM, CCIM614.358.2082kjames@goblackgate.com 199 S. High St., Suite 100

Columbus, OH 43215www.goblackgate.com

Property Description

Black Gate Partners, on behalf of ownership as its exclusive advisor, is pleased tobring to market the Appleseed Center, a 141,380 SF shopping center, located inthe main retail corridor off Lexington Avenue in Mansfield, Ohio. The shoppingcenter is anchored to a corporately-owned, top five performing, KrogerMarketplace. Appleseed Center currently is currently 64% occupied and sits on20 acres, providing a great opportunity for upside or redevelopment.

Property Highlights

• Grocery Store Anchor: Anchored by a corporately-owned, top-fiveperforming 110,000+/SF Kroger Marketplace.

• Available Space in Attractive Location: 141,380 square feet of retail space,located on 20 acres in the main retail corridor of Mansfield, Ohio off ofLexington Avenue. The main entrance is shared with Panera Bread,McDonald's and Huntington Bank outparcels.

• Opportunity for Growth: Upside opportunity to lease up the current 64%occupied center priced at $32.54/SF or redevelopment and cost of only$230,000/acre.

Building Summary

Asking Price: $4,600,000

Cap Rate: 8.62%

Size: 141,380 SF

Occupancy: 64%

AAppleseed Cenppleseed Centerter1468 Lexington Ave., Mansfield, OH 44907

Retail PrRetail Propertoperty Fy For Saleor Sale

KKeevin Jvin Jamesames, CCIM, CCIM614.358.2082kjames@goblackgate.com

The information contained herein was obtained from sources believed reliable; however, Black Gate Partners LLC makes no guarantees, warranties, or representations as to the completeness or accuracythereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions prior to sale or lease, or withdrawal without notice.

Site Plan

Appleseed Center1468 Lexington Ave., Mansfield, OH 44907

KKeevin Jvin Jamesames, CCIM, CCIM614.358.2082kjames@goblackgate.com

The information contained herein was obtained from sources believed reliable; however, Black Gate Partners LLC makes no guarantees, warranties, or representations as to the completeness or accuracythereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions prior to sale or lease, or withdrawal without notice.

Retailer Map

Appleseed Center1468 Lexington Ave., Mansfield, OH 44907