Sandusky Plaza
185,000+ SF Neighborhood Retail Center at $28/SF | 4 Miles to Cedar Point (~4M Annual Visitors)
Marketing description
Sandusky, Ohio is a well-established regional retail and tourism hub located along Lake Erie, approximately 50 miles west of Cleveland and 45 miles east of Toledo. Its central location allows retailers to benefit from both local and regional consumer traffic. The city has a population of approximately 25,000, with a broader metro population exceeding 115,000, providing a stable year-round customer base that is significantly enhanced by strong seasonal tourism.
Sandusky is best known as a premier tourism destination, attracting over 10 million visitors annually. This drives substantial economic activity and creates a unique retail environment where businesses benefit from both consistent local demand and seasonal spikes in traffic.
Cedar Point, one of the most visited amusement parks in the country, serves as a major anchor for the market. Additional destinations such as Kalahari Resort and Great Wolf Lodge further contribute to the area's strong visitor draw.
Sandusky functions as the primary retail hub for Erie County and surrounding communities, with consumers relying on the area for shopping, dining, and services. While local incomes are more moderate, the combination of regional draw and tourism significantly enhances overall retail performance.
Overall, Sandusky offers a compelling investment profile driven by strong tourism, regional retail dominance, and a strategic location within a well-traveled Midwest corridor.
Investment highlights
- 185,273 SF Neighborhood Shopping Center Situated On A Substantial 16.4-Acre Parcel - All Pad Sites Included
- 98.25% Occupied - Providing Immediate In-Place Cash Flow With Ideal Flexibility And Upside Potential
- Offered At An Attractive $28.97 PSF Basis, Significantly Below Replacement Cost - Well Below Intrinsic Land Value
- Diverse 29-Tenant Rent Roll - Durable Income Through Broad Tenant Diversification
- Shadowed By National Tenancy Including Dollar Tree, Family Dollar, H&R Block, Rent-A-Center & Boost Mobile
- Hard Corner Main On Main Location Along Cleveland Road (US-6), One Of Sandusky's Primary Roads To Cedar Point With Strong Daily Traffic Counts Of 10,300+ VPD And Sycamore Line Road With Established Retail Fundamentals
- Positioned Just 4 Miles From Cedar Point (4M Annual Visitors), Benefiting From One Midwest's Strongest Seasonal Tourism Economies
- Significant Value-Add Upside Through Mark-To-Market Opportunities, Lease Restructuring, And Long-Term Site Repositioning
- One Mile Drive To Firelands Regional Medical Center - 827-Beds - More Than 2,085 Employees | Largest Sandusky Employer
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