For Sale
$2,400,000

2511 Oregon RdNorthwood, OH 43619

100% Occupied, High-Yield Shopping Center

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional, fully occupied 19,200 square foot Class A shopping center in Northwood, Ohio, presents a compelling investment opportunity. Boasting 10 tenants, including a mix of local favorites and national brands such as Jimmy John's and Pico's Sports Bar, this stabilized property offers a 7.56% cap rate. Built in 1996 and extensively renovated in 2024, the single-story building features ample parking (98 spaces) and excellent visibility at the signalized intersection of Wales Road and Oregon Road. The property benefits from a prime location less than a quarter-mile from the I-75 interchange, providing easy access to major employers and Owens Community College. With 570 feet of corner frontage and marquee signage, this center enjoys high traffic visibility. The triple-net (NNN) lease structure minimizes landlord responsibilities, while built-in rent escalations for several tenants offer significant upside potential. The property's strong tenant mix, high occupancy rate, and strategic location make it an ideal addition to any investment portfolio. Additional information about Northwood, Ohio, is available at growinnorthwood.com. The asking price is $2,400,000.

Highlights

  • Excellent condition plaza with recent capital improvements.
  • High visibility with 570 feet of corner frontage and marquee signage.
  • Ample shared parking and convenient access via three curb cuts.
  • Built-in rent escalations; upside potential for remaining leases.
  • I-75 VPD: 72,555 (2023).

Property Details for 2511 Oregon Rd

Property type
Lifestyle centers, Power centers
Square Feet
19,200 SF
Class
A
Year Built/Renovated
1996/2024
Buildings
1
Stories
1
Units
10

Location Insight

City
Northwood
County
Wood
State
Ohio
Latitude
41.608338402064
Longitude
-83.537690467084
2511 Oregon Rd, Northwood, Ohio

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2511 Oregon Rd
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