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1799 Portage Rd
Wooster, OH 44691

$8,230,000 USD

Freestanding For Sale  •  106,042 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 106,042 SF
  • Lot Size 12.53 AC
  • Building Class C
  • Year Built 1972
  • Tenancy Multiple
  • Zoning C-3
0 Transit Score
27 Walk Score

Highlights

100% Occupied, 106,042 SF 3-Tenant Grocery-Anchored Community Shopping Center in Wooster, OH
Complete Renovation from 2019-2022 with All-New Leases, Build-outs & Extensive Capital Improvements
Seller has Invested Over $3 Million in CapEx Including New Roof, All-New HVAC, Storefronts, Exterior Paint & Extensive New Built-Outs
Anchored by Marc’s (47.3% of GLA) on NNN Lease thru July 2029; 2022 Sales Exceeded Percentage Rent Breakpoint – Contact Agent for Details
Marc’s has Upcoming 7% Rent Increase in August 2024 (+$0.50/SF, +$25,096 Annually)
Ollie’s Bargain Outlet (37% of GLA) – Leased thru March 2028; Reports Strong Sales with Low 6.4% Rent-to-Sales Ratio

Public Transportation

AirportDriveWalkDistance
Akron-Canton Regional 55 min - 39.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 602
Type: Surface
Included in Rent: Yes
Scott Wiles 216-264-2000 Marcus & Millichap
Scott Wiles 216-264-2000 Marcus & Millichap