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9501-9591 Vista Way, Garfield Heights, OH, 44125

The Shoppes at Vista Way
$8,375,000

Key Information

Cap Rate
8%
Tot. SF
41,520
Year Built
2005
Type
Shopping Centers
Occupancy
93.4%
NOI
$669,853

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 Extensions with Penn Station & T-Mobile | 5-Yr Extension & Expansion with Angel Dental Care

  • Immediate Opportunity to Increase Cash Flow and Add-Value via the Lease-Up of the Two Remaining 2nd Generation Vacancies (1,569 SF; 1,166 SF)

  • 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

  • Thousands of Construction Jobs and ~700 Permanent Jobs Located Directly Across I-480 Off Transportation Blvd on a 72 AC Site

Photos

Location

Agents

Broker of Record

Matthew Wallace

License # REC.2022007141 (OH)
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113