CBRE

JUST LISTED

APPLEWOOD PLAZA

SHADOW ANCHORED BY

 WALMART SUPERCENTER | ACROSS FROM HOME DEPOT

 

VALUE ADD OPPORTUNITY

$3,275,000.00 | 8.75% Cap Rate | 58% Occupied

 

319-351 LEXINGTON-SPRINGHILL ROAD, MANSFIELD, OHIO

 

CBRE, Inc. is pleased to market for sale the 100% fee-simple
interest in Applewood Plaza, a 55,316 square

foot neighborhood, out-lot strip center located in Mansfield, Ohio, which is shadow anchored by a recently renovated Walmart Supercenter and sits across the street from Home Depot.

 

 

 

 

 

 

 

 



FOR MORE INFORMATION

PLEASE CONTACT:

 

Joseph W. Khouri

First Vice President

T +1 216 658 6120

C +1 440 823 2316

 

joseph.khouri@cbre.com







 
 

Applewood Plaza

310-351 LEXINGTON-SPRINGMILL ROAD

MANSFIELD, OHIO 44906

PROPERTY HIGHLIGHTS

• The property offers an investor a combination of a secure income stream, strong initial cash flows and upside potential in the near future

•

Building Area: 55,316 SF

•

Site Size: 4.95 Acres

•

Occupancy: 58%

•

Year Built: 1993 / 1998 (Updated)

•

Solid Tenant Base: Dollar Tree, CATO, Famous Hair, Advance America

•

Price: $3,275,000.00

LOCATION HIGHLIGHTS

•

Less than a mile from the Richland Mall and just south of State Route 309 off North Lexington-Springmill Road. It is the only enclosed shopping center within a forty-mile radius and the largest shopping destination in the surrounding five-county region.

•

It stretches less than two miles on North Lexington-Springmill Road between Interstate 30 (11,817 vehicles per day) and State Route 430 (8,231 vehicles per day).





 
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