2222 Fairless DrLorain, OH 44055
Grocery-anchored, high-yield retail opportunity.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 92
Highlights
- Grocery-anchored shopping center providing immediate cash flow due to high occupancy.
- Nearly fully leased (96%), minimizing lease-up costs and maximizing immediate return.
- Weighted Average Lease Term (WALT) of approximately 3.75 years ensures lease stability.
- Below-market rents ($6/SF) compared to market rate ($10.81/SF) offer significant upside potential.
- Offered at a price significantly below replacement cost, mitigating new development risk.
- Strong demographics, with a 5-mile radius population of 136,939 showing 10-year growth.
Property Details for 2222 Fairless Dr
- Property type
- Lifestyle centers, Power centers
- Square Feet
- 45,140 SF
- Year Built
- 1966
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 129,373 SF
Location Insight
- City
- Lorain
- County
- Lorain
- State
- Ohio
- Latitude
- 41.425459393181
- Longitude
- -82.118496194662
Nearby Similar for Sale
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