REO: Grocery Anchored Retail | Cleveland MSA

Highlights:

• ±59,650 SF grocery-anchored retail center surrounded by and serving affluent residential neighborhoods
• Tremendous investment opportunity | Occupancy 100%
• Anchor tenant, Lucky’s Market, lease through 8/30/2026 with four (4) five-year renewal options
• Majority of in-place tenants have continually occupied space at the property for 10+ years
• Located across from TriPoint Medical Center and surrounding healthcare businesses that employ ±3,000 people
• Average household incomes above $145,000 in a two-mile radius
• Excellent parking ratio of ±5.28 per 1,000 SF (Approximately 315 surface parking spaces)

Description:

RI Marketplace Online Auction May 5-7, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2462/reo-grocery-anchored-retail-cleveland-msa?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=retail_2462

Friedman Real Estate Management OH LLC has been retained as exclusive advisor by the Lender/Servicer for the 100 percent fee simple interest sale of Gristmill Village Grocery-Anchored Retail, a 3-building, 60K SF grocery-anchored retail center located in Painesville, Ohio.
The opportunity presented herein gives potential investors the ability to acquire a stabilized three-building, multi-tenant retail center anchored by Lucky’s Market in the Cleveland suburb of Painesville, Ohio.

Thomas Seaman
Auctioneer
License: 2007000016

Documents: