Former Sears at Indian Mound Mall

Description:

​​​​​​​CBRE is pleased to present, as the exclusive advisor, the opportunity to assume the leasehold interest in the former Sears at Indian Mound Mall. The Property is a ±92,661-square-foot formers Sears building and the current lease has term until 2057. The Property is connected to the north end of Indian Mound Mall. Located in Heath Ohio, the former Sears box presents a tremendous opportunity for a future tenant to occupy a first class location at a prosperous mall.

Situated within Indian mound mall.
The former Sears box is situated at the northwest end of Indian Mound Mall. The mall consists of 735,991 SF and is anchored by J.C. Penney, Dick’s Sporting Goods, AMC Theatres, and Altitude Trampoline Park. Strong in-line tenants, such as Ulta, American Eagle, and Shoe Sensation compliment these anchors. Furthermore, Indian Mound Mall is located in a high growth market, giving the mall significant development upside.

Located in the Dominant Retail Corridor.
The former Sears box is located in a robust retail node, with over two million square feet of commercial retail space anchored by Indian Mound Mall. Other national retailers in the immediate area are Target, Walmart Supercenter, T.J. Maxx, Petsmart, Aldi, Harbor Freight Tools, and Lowe’s.

Sales Terms.
The former Sears at Indian Mound Mall is being offered on an “as-is” basis, with ownership making no representation or warranties concerning the accuracy or completeness of the offering memorandum or any and all documents delivered to an acquisition prospect for the purpose of performing due diligence.

Central Park District Expansion
A $218 million project to develop 300 acres featuring residential buildings, a community pool, restaurants, parks, and additional amenities is being developed adjacent to Indian Mound Mall.

- Phase One: Built on 48 acres near Indian Mound Mall, includes four mixed-use buildings, a community center and eight multi-family residential buildings totaling 424 units.

- Phase Two: 24 buildings, including 21 multi-family residential buildings, two restaurants and a senior living facility. A public plaza and a 410,000 square-foot sports complex with soccer fields and an ice skating rink are also planned for this phase.

Documents: