Listed by Matthews
$6,740,000
9501-9591 Vista Way
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 36,862
Units 16
Cap Rate 8%
NOI $538,909
Occupancy 96.8%
Tenancy Multi
Price per SqFt $183
Year Built 2005
Acreage 3.830
Ground Lease No
Starbucks & Chipotle Anchored Center – 96.8% Leased, Prime I -480 Location, $538.9K NOI
Investment highlights
- Starbucks & Chipotle Anchored Multi-Building Strip Center | Starbucks End Cap Drive-Thru | Recent Extensions – Starbucks Exercised 5-Yr Option (Exp 3/2031) & Chipotle Extended for 10 Yrs (Exp 5/2036)
- Comprised of Daily Needs Service & Food Based Operators | Recent 5-Yr Extension with T-Mobile (Exp 2/2031) | Penn Station Exercised 5-Yr Option (Exp 7/2031) | 5-Yr Extension & Expansion with Angel Dental Care (Exp 6/2031) | Lendmark Exercised Final 3-Year Option (Exp 9/2029)
- Significant Leasing Momentum With Over 70% of Occupied GLA Renewing or Leasing New Space in Last 18 Months (12 of 17 Tenants) | Recent Extensions with Starbucks, Chipotle, Penn Station, T-Mobile, AT&T, Lendmark, HealthMarkets, Legacy Staffing, Guardian Angel Services & OAPSE | Recent Extension & Expansion with Angel Dental Care | New 10-Yr Lease with Hummus & Garlic
- Densely Populated Trade Area of 835,000 People Within 10 Miles | Significant Daytime Population
- Giant Eagle Shadow Anchored | Heavily Trafficked Location | Additional Daily Traffic Drivers with Surrounding Industrial, Office & Medical Employers | Nearly $1B of Recent & Future Economic Development Projects in the Immediate Vicinity
- Ideal Daily Needs & Services Location Situated Along I-480 (157,600 VPD) with Direct Freeway Access to Ohio’s 3rd Most Trafficked Freeway | Less Than 1 Mile from the I-480 & I-77 Interchange (Nearly 250,000 Combined VPD)
- Offered Free & Clear of Existing Financing
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$538,909.00
$44,909.08/mo
Valuation Metrics
0
DSCR
8%
Cap Rate
8%
ROI
Map
Zoning
U-11A CommercialOfficeOffice Park
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View all 36 uses
View all 36 uses Last updated May 15, 2026 For deeper zoning details, reports are available at Zoneomics
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