For Sale
$5,604,686

2951 Navarre AveOregon, OH 43616

High-Yield Retail Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
114
Navarre Crossing, a thriving shopping center in Oregon, Ohio, presents a compelling investment opportunity. This multi-tenant property boasts 15,233 square feet across two single-story buildings situated on a 2.21-acre lot. Built in 2013, the center enjoys a 100% occupancy rate, housing a diverse mix of established national and local tenants including Panera Bread, Verizon Wireless, Penn Station, WingStop, Deet's BBQ, and Sport Clips. The property's strong tenant roster contributes to a robust net operating income (NOI) of $392,328, translating to an attractive 7.00% capitalization rate. The asking price is $5,604,686, representing a price per square foot of $367.93. Located at 2951 Navarre Avenue, Oregon, OH 43616, this property benefits from its prime location within Lucas County. This well-maintained, fully occupied shopping center offers a stable and lucrative investment prospect with significant potential for future growth. The property's strong performance and desirable tenant mix make it an ideal addition to any investment portfolio. Detailed financial information is available upon request.

Highlights

  • Retail investment opportunity in Oregon, OH.
  • 7.00% capitalization rate.
  • 15,233 square foot shopping center.
  • Contact for operating expenses information.

Property Details for 2951 Navarre Ave

Property type
Lifestyle centers, Power centers
Square Feet
15,233 SF
Year Built
2013
Buildings
2
Stories
1
Lot Size (sq. ft)
96,268 SF

Location Insight

City
Oregon
County
Lucas
State
Ohio
Latitude
41.6372991
Longitude
-83.4776077
2951 Navarre Ave, Oregon, Ohio

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2951 Navarre Ave
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