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Classic Auction - Retail

Three Tenant National Center | 100% Occupied | $631K NOI

1800 Tiffin Avenue, Findlay, OH 45840

  • Asset Type
  • Real Estate
  • Property Type
  • Retail
  • Land Area
  • 4.42 Acres
  • Number of Buildings
  • 1
  • Occupancy
  • 100.00%
  • Occupancy as of
  • Dec 22, 2021
  • Retail Type
  • Community Center
  • Anchor
  • Yes
  • Anchor Tenant(s)
  • Best Buy, Dunham's Sports, Michaels
  • Property Size
  • 78,929 Sq Ft

Three Tenant National Center | 100% Occupied | $631K NOI

Investment Highlights

  • NOI: $631,174.85
  • 100% occupied national center with 100% of the NOI coming from nationals
  • New lease from Michaels with term going through 2033
  • Strong store sales with Dunham’s doing $3.5 Million
  • 1.4 acre parking lot pad that can have a portion developed with current interest from WellNow (owned by Aspen Dental)
  • Best Buy's second largest distribution center is located in Findlay, OH and is over 1 Million square feet, showing commitment to the site
 

Offering Details

Brookwood Capital Advisors and RI Marketplace are pleased to present a Three Tenant National Center (the "Property"), a 78,929 square foot retail opportunity in Findlay, Ohio. The Property is fully occupied between three national tenants including Best Buy, Dunham's Sports, and Michaels with a demonstrated long-term tenure (Best Buy - 18 years; Dunham's Sports - 17 years) and long-term commitment (Michaels - 12 years of term remaining). Inclusive of the offering is a 1.4 acre pad site with a collaborative development opportunity with demonstrated interest from WellNow, which is owned by Aspen Dental with 959 locations across the nation.    

Findlay is a city in and the county seat of Hancock County, Ohio, United States. The city metro area is often referred as The Greater Findlay Area. The second-largest city in Northwest Ohio, Findlay lies about 40 miles south of Toledo. It is home to the University of Findlay. Findlay is the Headquarters of Fortune 1000 companies Marathon Petroleum and Cooper Tire & Rubber Company, who rank 22 and 830 on the list respectively. Findlay is a part of the Toledo, OH Metropolitan Statistical Area. It is approximately thirty minutes from Toledo, OH which is the fourth largest city in Ohio with a population of nearly 300,000 people.

Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.

Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.

You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.

Platform Fee

The platform fee for this transaction is the greater of 5.00% or a minimum of $25,000.

Need Help?

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Auctioneer

  • Thomas Seaman

    Keller Williams Greater Cleveland

    License: 2007000016 Broker #: 2004000635