

Value Add Retail with Rural King Shadow Anchor
Retail | 86,374 SqFt
Marketing description
For sale to qualified investors is the fee simple interest in Trumbull Plaza, a 86,374 square foot shopping center located in Warren, Ohio. The asset presents a rare market opportunity with extreme value-add potential. The property is currently 17% occupied and offered at only $22 per square foot. The shopping center features Dollar Tree, Little Caesar’s Pizza, and Metro PCS. Vacancies range in size from 782 to nearly 13,000 square feet, with the opportunity to combine spaces for a larger junior anchor. The large parking field also presents an opportunity to add an outlot to the property. Projections to 82% occupancy show nearly $3 million of potential value creation. The property is situated amongst a dense population base with nearby access to the Warren Outer Belt (Route 82). Nearby national tenants include Aldi, CVS, McDonald’s, PNC Bank, Autozone, O’Reilly, Dollar General, Rite Aid, and others.
Investment highlights
RARE EXTREME VALUE ADD OPPORTUNITY
49% Actual Occupancy Provides Significant Upside
Rural King Shadow Anchor Store NOW OPEN
Priced Far Below Replacement Cost at $29 Per Square Foot
Projected Lease Up Adds Nearly $3,000,000 of Value
Grocery Anchored by Sparkle Market (Regional Chain of 18 Stores)
Includes Future Outlot Opportunity Adjacent McDonald’s
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