

Century Plaza
Retail | 8,800 SqFt
Investment highlights
• 8,800 SF 4-Unit NNN Strip Center in Affluent Cleveland Suburb of Mentor, OH
• Value Add Opportunity with One Current Vacancy and One Upcoming Vacancy Once T-Mobile Leaves
• ProForma Cap Rate of 12.07% Based on Leasing the Two Vacancies at $22/SF
• T-Mobile (32% of GLA) – Endcap with NNN Lease thru December 2027 – Will Be Vacating at End of Term
• Ranked #11 of 134 T-Mobile Stores in Ohio & Top 17% Nationally for Customer Traffic (source: Placer.ai)
• Sport Clips (23% of GLA) NNN Lease thru January 2028; 10% Rent Increase in Upcoming Option
• Bank of America (17% of GLA) – Endcap Unit with NNN Lease thru April 2029; “A-“ (S&P) High Investment-Grade Credit
• Recently Renovated with Modern/ Attractive Façade & Storefronts and Highly Visible Pylon Sign
• Pylon Sign Grandfathered in, all Other Signs on Mentor Ave are Monument Signs
• Fully NNN Lease Structures with PRS Reimbursement of LL Tax, Insurance, CAM, and Mgmt Expenses
• Easy-to-Lease Units Ranging from 1,500 – 2,800 SF with Daily Needs/E-Commerce- Proof Tenants
• 17,479 VPD on Mentor Ave - Area’s #1 Retail Corridor; Excellent Visibility & Frontage via Shallow Setback to Mentor Ave
• Affluent & Dense Demographics: $85-$95K 1/3/5-Mile AHHI; 44,975 Population in a 3-Mile Radius
• Situated within the Epicenter of the Prominent Mentor Ave Retail Node with Over 3.5 Million SF of Retail Including Aldi,
T.J. Maxx, Ross, Marshalls, Best Buy, At Home, Hobby Lobby, Burlington, Michaels, JOANN, Value City Furniture, Levin Furniture, Barnes & Noble, Marc’s, and More
• Immediate Proximity to Great Lakes Mall – Regional Mall Anchored by Dillard’s, Dick’s Sporting Goods, JCPenney, Round1 Bowling & Forever21
• Cleveland MSA – Home to a Population of Over 2 Million, Part of the Larger Cleveland-Akron-Canton CSA with a Population of 3.5 Million
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