Current Inventory

The Vineyards

34510-34750 Vine Street, Eastlake, OH, 44095
  • Agent(s):
    Kyle Hartung , Jeff Sabo
  • Name:
    The Vineyards
  • Address:
    34510-34750 Vine Street, Eastlake, OH, 44095
  • Total SF:
    132,917
  • Lot Sizes:
    13.26 Acres
  • Option:
    For sale
  • Category:
    Investment Sales

» Full Offering Memorandum

Details

For sale is the 100% fee-simple interest in The Vineyards, a 132,917 square foot regional shopping center located in Eastlake, Ohio. The property’s ideal tenant mix combined with low in-place rental rates provides security for the investor, while the 13% existing vacancy still allows for plenty of upside. With 70% of the GLA leased to successful anchors with long-term leases, the asset offers the investor stabilized return with year 1 cash-on-cash return projected to be over 15%. Additionally, American Freight (over 300 stores) is doubling the size of their space to 43,714 square feet due to the increased furniture demand in this market. The property is located on Vine Street with over 18,000 vehicles per day passing the site and is surrounded by other retailers and businesses including Walmart Supercenter, Walgreen’s, Verizon, KeyBank, Discount Drug Mart, Citizen’s Bank, Wendy’s, Dunkin Donuts, AutoZone, Four Points Sheraton, and many more. The property has nearby access to the Ohio State Route 2 Interchange as well as the nearby commercial businesses and distribution centers on Lakeland Boulevard, which provides thousands of daytime customers to the area.

Location

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