1143 Williams Reserve BlvdWadsworth, OH 44281

Property Details for 1143 Williams Reserve Blvd

Year built

2006

Lot size

4.95 AC

Property size (Sq ft)

44,270 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

040-20B-28-023

APU

04020B28023

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $12,376,138

  6.5%

  $11,424,127

  7%

  $10,608,118

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,435,360

  Geo Method

  $10,435,360

• Alternative Use

  Use

  Valuation

  Residential

  $9,636,679

  Hospitality

  $8,827,146

  Educational

  $7,344,082

  Medical

  $7,596,656

  Retail

  $11,424,127

Location Insight

City

Wadsworth

County

Medina

State

Ohio

Latitude

41.0407

Longitude

-81.6915

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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