Shopping Center Listed For Sale in Grove City, Ohio

PRLog (Press Release) – Sep 23, 2008 – Marcus & Millichap is pleased to present for sale the Shoppes at Grove City in the growing Columbus suburb of Grove City, OH.  

This 24,207 SF shopping center is a perfect opportunity for an investor to acquire a stable asset at 91 percent occupancy, with strong leasing history, in one of the major retail corridors in the Columbus, OH metro area.  With an extremely strong tenant base consisting of mostly national tenants (Verizon Wireless, Saturday's, Check 'n Go, Panda Express Ground Lease) coupled with the regional tenant base the Shoppes at Grove City is a very attractive retail asset.

Built in 2005, the Shoppes at Grove City is located in a prime retail location.  Located adjacent to the 800,000 square foot Parkway Centre, the Shoppes at Grove City is surrounded by retailers such as Home Depot, Dick's Sporting Goods, Best Buy, Kohl's, Wal-MArt Supercenter, TJ Maxx, Starbucks and more.  

The investment also features attractive assumable financing which allows an investor to realized double digit cash on cash returns Year 1.

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate.  Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services of Ohio, Inc. © 2008 Marcus & Millichap