Listed by Cleeman Realty Group
$5,735,000
Maple Leaf Plaza
Details
APN 10-162440
Property Type Retail
Sub Type Grocery Store, Storefront
Square Footage 148,830
Net Rentable (SqFt) 148,830
Units 52
Cap Rate 7.75%
NOI $444,478
Occupancy 94.31%
Tenancy Multi
Brand/Tenant Tractor Supply
Rent Bumps Yes
Price per SqFt $39
Year Built 1973
Stories 1
Acreage 14.780
Investment Type Value Add
Ground Lease No
Sale Condition N/A
$38.50 PPSF - Ollie's / Tractor Supply Center
Marketing description
Cleeman Realty Group is pleased to present the exclusive opportunity to acquire Maple Leaf Plaza located at 540 Water Street in Chardon, Ohio. Maple Leaf Plaza is a 148,830 SF discount-anchored shopping center featuring long-term tenancy by Tractor Supply (30+ years) and an Ollie’s, providing stable in-place income with meaningful upside through lease-up of vacancy and mark-to-market rents. Positioned in the primary retail corridor serving Geauga County and shadow anchored by Giant Eagle, the property benefits from consistent traffic, strong regional demand, and limited competing supply. Contact us to learn more about this opportunity.
Investment highlights
- Long term anchor tenancy by Tractor Supply for more than 30 years has been a steady driver of traffic to the center. This location ranks in the top 15% in the chain for the state of OH (ADVAN)
- Upside opportunity through 15,760 SF of vacant space at the center
- Ollie's backfilled Big Lots in August 2025 bringing another strong credit anchor to the center driving traffic flow
- Below market rents with 77% of the center with leases below $4.62 PSF
- High Income Demographics with AVG HH Income of $120,678 within a 5-Mile radius
- Located approximately a 40-minute drive from Cleveland
Listing Contacts
Listed by Cleeman Realty Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$444,478.00
$37,039.83/mo
Valuation Metrics
0
DSCR
7.75%
Cap Rate
7.75%
ROI
Map
Zoning
C-3 CommercialSpecial CommercialTraditional Commercial
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