For Sale
$5,119,252

1143 Williams Reserve BlvdWadsworth, OH 44281

High-Yield Retail Center in Ohio

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 45,525-square-foot shopping center, located at 1143 Williams Reserve Blvd in Wadsworth, Ohio (Medina County, zip code 44281), presents a compelling investment opportunity. Boasting a 100% occupancy rate, the property features three prominent national tenants: Michaels, Ulta, and Five Below, ensuring a stable and diverse income stream. Built in 2006 and recently renovated in 2023, this single-story, one-building center sits on a 4.95-acre lot and offers low maintenance costs. The strong tenant lineup, combined with the attractive demographics and growing consumer base of Wadsworth, Ohio, contributes to a robust net operating income (NOI) of $396,742, resulting in a desirable 7.75% capitalization rate. The asking price for this exceptional retail investment is $5,119,252. This property represents a rare opportunity to acquire a high-performing, well-maintained shopping center in a thriving market. The center's strategic location and strong tenant mix provide significant long-term growth potential and economic stability. The property's recent renovation minimizes immediate capital expenditure needs, allowing for immediate cash flow generation. This is an ideal investment for those seeking a stable, high-yield retail asset with significant upside potential.

Highlights

  • 45,525 SF shopping center in Wadsworth, OH (Medina County) with Michaels, Ulta, and Five Below as tenants.
  • 100% occupancy with a diverse, high-performing tenant mix.
  • Strong demographics and a growing consumer base in Wadsworth, OH.
  • Single-story building on a 4.95-acre lot, recently renovated (2023) with low maintenance costs.
  • 7.75% capitalization rate and $396,742 NOI; asking price $5,119,252.

Property Details for 1143 Williams Reserve Blvd

Property type
Lifestyle centers, Power centers
Square Feet
45,525 SF
Year Built/Renovated
2006/2023
Buildings
1
Stories
1
Lot Size (sq. ft)
215,622 SF
Units
3

Location Insight

City
Wadsworth
County
Medina
State
Ohio
Latitude
41.0403062
Longitude
-81.6917547
1143 Williams Reserve Blvd, Wadsworth, Ohio

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1143 Williams Reserve Blvd
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