Overview

Description

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a 66,099 SF, 100% occupied, NNN leased, Gabe’s anchored retail center located in Saint Clairsville, OH. Gabe’s currently has nearly 6 years of lease term remaining, occupies 82% of the GLA, and constitutes 62% of the base rental revenue. Other tenants include OneMain Financial Group (S&P: BBB), Sherwin-Williams (S&P: BBB), and Afford-A-Pool & Spa. All tenants operate under leases which are NNN in nature, limiting expense leakage for a future investor.

The subject property is strategically located just off Interstate 70 (44,600 VPD), a commuter highway that serves as a gateway to major markets throughout the Midwest. The site benefits from excellent visibility and access via a large pylon sign and multiple points of ingress/egress. Further, the center is ideally located 1 mile southeast of both Walmart Supercenter and Sam’s Club, two primary big-box retailers that significantly increase consumer draw to the immediate trade area and promote crossover store exposure for the asset. The Walmart Supercenter and Sam’s Club directly serve the city of Saint Clairsville and are the only nearby locations for either brand (12-mile radius). Other nearby national/credit tenants include Lowe’s Home Improvement, Aldi, Planet Fitness, Marshalls, CVS Pharmacy, Kroger, and more. The 5-mile trade area is supported by more than 17,400 residents and 11,300 employees. Residents within 3-miles of the subject property boast a healthy average household income exceeding $83,370.

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