Listed by Hanna Commercial Real Estate Cleveland, Hanna Commercial Real Estate
$1,150,000
Investment Opportunity – Big Lots & Dollar Tree
Details
Property Type Retail
Sub Type Convenience Store, Shopping Center
Square Footage 79,579
Net Rentable (SqFt) 79,428
Tenancy Multi
Lease Term 7
Lease Expiration 05/30/2032
Remaining Term 5.9
Lease Options BL: 7-year initial term + (4) 5-year renewals; DT: 99-year ground lease
Price per SqFt $14
Acreage 6.910
Zoning Business General
Parking Spaces 285 spaces
Parking per 1,000 SqFt 3.58
Lease Commencement 05/31/2025
Ground Lease Yes
Retail Investment Opportunity in Elyria, OH - Big Lots & Dollar Tree
Investment highlights
- Multi-Tenant Shopping Center totaling 79,428 SF situated on 7.42 acres with 285 parking spaces
- Anchored by Big Lots (63,433 SF) operating under a 7-year initial term (6/1/2025–5/31/2032) with four (4) five-year renewal options
- Dollar Tree (14,925 SF) operating under a 99-year ground lease providing long-term site stability
- Property zoned Business General, allowing for broad retail and commercial flexibility
- Located along Cleveland Street (US-20), a primary retail corridor in Elyria with strong regional accessibility
- Large format footprint provides future repositioning, subdivision, or redevelopment potential
- Ample parking field and site layout allow for potential pad development or adaptive reuse
Listing Contacts
Listed by Hanna Commercial Real Estate Cleveland, Hanna Commercial Real Estate
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