North Lima Commons
11734 South Avenue, North Lima, OH 44452
Marketing description
The community of North Lima is strategically positioned within the southern portion of the greater Youngstown metropolitan area, approximately 10 miles south of Downtown Youngstown and near the Pennsylvania state line. Located in affluent Beaver Township within Mahoning County, North Lima has become a highly desirable suburban and commercial corridor due to its accessibility, strong demographics, and proximity to major regional employment hubs. The featured listing sits on a signalized corner location with traffic counts reaching approximately 25,000 vehicles per day. The area benefits from a highly affluent residential base with average household income over $143,000 within a 1-mile radius, high-quality schools, and a business-friendly environment that continues to attract commercial development and long-term investment throughout the corridor.
North Lima benefits from exceptional regional connectivity, anchored by immediate access to Interstate 76, Interstate 80, and Interstate 680, making the area a key transportation and logistics corridor throughout Northeast Ohio and Western Pennsylvania. The convergence of these major highways provides efficient access to Cleveland, Akron, Pittsburgh, and beyond. This strategic positioning has helped support continued commercial growth and a strong concentration of distribution, manufacturing, and service-based businesses throughout the region.
The North Lima and greater Youngstown market maintain a diverse employment base supported by healthcare, manufacturing, logistics, and industrial sectors. Major employers throughout the region include Mercy Health, Youngstown State University, Compco Industries, among many others. In nearby Lordstown, the continued investment surrounding Ultium Cells and electric vehicle battery manufacturing has brought renewed industrial growth and long-term employment opportunities to the region. The area also benefits from strong household incomes and a stable consumer base supported by the suburban communities surrounding North Lima.
Healthcare services throughout the market are anchored by Mercy Health - St. Elizabeth Boardman Hospital (3 miles away with 800+ employees, 224 beds) which serves as a major healthcare provider and employment center for the region. Additional healthcare support is provided by Akron Children's Boardman Campus (5 miles away with 7,000 employees system-wide) and other regional medical providers that continue to expand throughout the Mahoning Valley. These institutions support a strong healthcare employment base while providing comprehensive medical services to the surrounding communities.
The area is also supported by strong educational institutions, including the highly regarded South Range Local School District, which serves approximately 1,250 K-12 students in the North Lima community and contributes to the area's strong residential appeal. The district earned a top ranking in "Best Schools" from U.S News & World Report. Higher education institutions nearby include Youngstown State University (nearly 12,000 student and over 1,500 staff and faculty), along with several regional colleges and trade schools that support workforce development and long-term economic stability throughout the market.
North Lima's retail and commercial corridors continue to expand with a strong mix of national retailers, restaurants, and service-oriented businesses serving both local residents and regional commuters. The area benefits from proximity to heavily trafficked retail corridors in nearby Boardman (approximately 5 miles North), one of the strongest retail submarkets in the region, featuring numerous national retailers, restaurants, and commercial developments. Additionally, the property is conveniently positioned within driving distance of both Cleveland and Pittsburgh, providing access to major metropolitan amenities, employment centers, and international airports.
With its strategic highway access, strong regional employment drivers, affluent surrounding communities, and proximity to major retail and healthcare corridors, North Lima continues to establish itself as a compelling location for commercial investment and long-term growth.
Investment highlights
- Value-Add Opportunity: Significantly Below Market Rents on One Anchor Tenant in Approximately 50% of Center with No Renewal Options Remaining
- 100% Occupied, Credit Rated Center Anchored by Dollar Tree (NASDAQ: DLTR, Moody's "Baa2" and S&P "BBB") with Newly Executed Lease Extension at Attractive Low Price Point of $99/S.F.
- Additional Potential Major Upside Through Converting Modified Gross Leases Into NNN
- Successful Tenancy: All Long-Term Tenants Who Have Consistently Exercised Renewals
- Income Growth Driver: Additional Two LED Billboards (Base Rent + Percentage Rent Clause), Located in Community with Ban on Any Future Billboard Competition
- Immaculate Curb Appeal at Signalized Corner Location with Approximately 25,000 Vehicles Per Day and Less than 15 Miles from Downtown Youngstown
- Tremendous Frontage and Visibility with Pylon Signage Sitting on Oversized 3.9 Acre Parcel
- Roof with Transferrable Warranty Until 2032
- Desirable, Affluent Market: Strategic, High Traffic Location with Average Household Incomes Over $143,000 Within 1-Mile Radius
- Surrounded by Major Regional Employers Including Mercy Health, (3 Miles: 800+ employees, 224 beds at St. Elizabeth Boardman Campus) Youngstown State University, and Numerous Manufacturing, Logistics, Retail, and Healthcare Employers Throughout the Mahoning Valley such as Akron Children's Boardman Campus (5 Miles)
- Located Within Highly Regarded South Range Local School District (Top Ranked School District by U.S News & World Report) and Convenient Access to Youngstown State University (~12,000 Students & ~1,500 Staff/Faculty), Supporting Long-Term Residential Stability and Workforce Development
- Growing Suburban Trade Area with Close Proximity to Youngstown, Boardman, and the Pennsylvania Border, Providing Access to a Broad Regional Consumer Base
- Strategically Positioned Along North Lima's Primary Commercial Corridor Near Interstate 76, Interstate 80, and Interstate 680, Providing Excellent Regional Accessibility Throughout Northeast Ohio and Western Pennsylvania
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