25 Amberwood Parkway
Retail Center for Sale
Marketing description
**25 AMBERWOOD PARKWAY** in Ashland, OH presents a lucrative investment opportunity with a 7.39% CAP rate. This 25,400 SF Retail Center boasts a stable NOI of $302,838 and features national tenants like Verizon, Great Clips, and Shoe Dept.
The property sits on 4.7 acres and benefits from a high traffic count of 21,000+ due to its proximity to a Walmart anchor. Recent capital improvements ensure a low maintenance investment, with $10k in tenant improvements in 2023 and new HVAC replacements in 2024. The property offers the potential to lease out the remaining 1,500 SF, further increasing its income-generating potential.
With a median household income of $82,000+ within a 5-mile radius, this property is strategically located to attract a strong customer base. Don't miss out on this turnkey retail investment opportunity at **25 AMBERWOOD PARKWAY** - a prime location for investors looking to add a high-performing asset to their portfolio.
Investment highlights
25,400 SF Retail Center with Upside in Leasing Remaining Suite
Recent Capital Expenses Include: $10k in TI (2023), $27k 2 HVAC Replacements (2024), $13k Stripe and Seal (2024), $23k Exterior Painting (2024)
New Leases Executed in 2025 Showing Ability to Backfill
Over 28% of Center Leased to Same Tenants for Over 15 Years
Shadow Anchored by Walmart | Traffic Count 21,000+
NNN Lease Structure Providing Pass Through for Investors | Professionally Maintained and Managed
National Tenants Including Verizon, Cricket, Great Clips and Shoe Dept.
Easily Accessible Property with Ample Parking
Median Household Income Averages $82,000+ Annually with in a 5 Mile Radius
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