Listed by Landmark Commercial Real Estate Services
Unpriced
New Philadelphia Center
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 62,088
NOI $403,219
Occupancy 96.78%
Tenancy Multi
Brand/Tenant Dollar General, Big Lots
Year Built 1981, 2002
Acreage 6.200
Zoning Commercial
Retail | 62,088 SF | Stable National Tenancy
Investment highlights
SUBJECT PROPERTY IS SHADOW CENTER TO WALMART AND MENARDS, BOTH OF WHICH REGIONALLY DRAW SHOPPERS ACROSS CENTRAL OHIO.
STABLE NATIONAL TENANCY
Big Lots, Dollar General, and Rent-A Center account for 79% of the center’s NOI, with their leases expiring in 2027/2028.
UNDER MARKET RENTS / REPLACEMENT COST
The subject property features rents that are under market, and the shopping center will trade below its replacement cost.
VIABLE, NATIONAL CO-TENANTS
The subject property adjoins a shopping center anchored by Tractor Supply, Dollar Tree, Goodwill, and Planet Fitness. These tenants compliment the trade area and attract local and regional shoppers.
Listing Contacts
Listed by Landmark Commercial Real Estate Services
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$403,219.00
$33,601.58/mo
Valuation Metrics
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