www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
23855450
23855451

15000 Detroit Ave, Lakewood, OH 44107

KH
OH SAL.2003016343
Goodman Real Estate Services Group LLC
Listed by Goodman Real Estate Services Group LLC
$5,304,000
74 days on market
Updated 74 days ago

Lakewood Place - Marc's Grocery Shadow Anchored Strip

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant (+1)
Square Footage 14,568
Units 7
Cap Rate 7.45%
NOI $395,118
Occupancy 100%
Tenancy Multi
Brand/Tenant Potbelly, Dave's Hot Chicken (+2)
Lease Type NNN
Rent Bumps Yes
Year Renovated 2007
Buildings 1
Stories 1
Acreage 0.540
Investment Type Stabilized
Tenant Credit Credit Rated, Franchisee (+1)
Ownership Fee Simple

Retail | 7.45% CAP | 14,568 SqFt

Marketing description

For sale to qualified investors is a rare opportunity to acquire a service-oriented, internet proof strip center located in Lakewood, Ohio. The property is located on Detroit Road across the street from The Cleveland Clinic, Marc’s Grocery, Starbucks and Chipotle, in one of the most dynamic retail and residential markets in all of Ohio. One of the most densely-populated, high-income markets in the state, there are 100,000 people living within only 3 miles of the property earning average household incomes over $75,000. Due to the highly-educated, dense population base also in close proximity to downtown Cleveland, Lakewood is home to numerous national, regional, and local retailers, and features the highest concentration of restaurants in Northeast Ohio. The building itself was completely remodeled in 2007 including mechanical, facades, parking, and more. It is situated in the center of this market and shares the signalized entrance to Marc’s Grocery, one of the only traditional retail centers in the area. The property has an excellent tenant mix including Great Clips, PotBelly, Dave’s Hot Chicken, Cycle Fly, Beyond Juice, Lakewood Optical, and newest tenant, Battr. Featuring long-term triple net leases with service-oriented tenants and staggered lease terms, the property is poised to provide the investor with stable cash flow for years to come.

Investment highlights

· Rare Offering – Unique Opportunity to Acquire a Retail Strip in Lakewood, Ohio

· Incredible Demographics – Over 100,000 People in 3 Miles with Average HH Income over $75,000

· Internet Proof Retail – New Tenants Include PotBelly, Dave’s Hot Chicken, Beyond Juicery

· Advantageous Leases – Average Term Remaining is 6.5 Years with Staggered Option Dates

· Excellent Tenant Lineup – Tenancy Includes Restaurants, Fitness, Optical, and Health & Beauty

· Dominant Retail Area – Surrounded by Starbucks, Chipotle, Panera, Marc’s Grocery, Cleveland Clinic

· Newer Construction – Building Underwent Complete Redevelopment in 2007

Listing Contacts

KH
OH SAL.2003016343
Goodman Real Estate Services Group LLC
Listed by Goodman Real Estate Services Group LLC

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$395,118.00
$32,926.50/mo

Valuation Metrics

0
DSCR
7.45%
Cap Rate
7.45%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591