Retail Space
5108 Wilson Mills Rd Richmond Heights, OH 44143
Details & Description
Price: $7,605,000
    SRS Investment Properties Group, as exclusive broker, is pleased to offer Dave’s Market - a 57,845± SF net-lease grocery asset located in Richmond Heights, Ohio. Founded in the 1920’s, Dave’s Markets has a significant history and investment in the Cleveland area with 13 unique locations around the city. Each store is curated and merchandised based on the surrounding community, catering to the specific grocery needs of the neighborhood; a strategy which has fueled the company’s success for nearly 100 years. Dave’s at Hilltop Plaza boasts excellent sales, a low occupancy cost, and a long history of success at the location, dating back to 1993.Dave’s Markets provides investors with an advantageous opportunity to purchase a pandemic and internet-proof NNN grocer asset with strong sales and over 5 years of lease term. In addition to facilitating buyer ability to secure attractive financing, the asset’s STNL retail fundamentals provide for low-maintenance, hands-off ownership which is ideal for passive investors.
    Listing Agents
    Kyle Stonis

    O: 678-420-1393
    M: 770-329-5065
    kyle.stonis@srsre.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    5108 Wilson Mills Rd

    Richmond Heights, OH 44143

    Listing ID: 254834
    • 5108 Wilson Mills Rd Richmond Heights, OH 44143 | for Sale | Photo 1
    • 5108 Wilson Mills Rd Richmond Heights, OH 44143 | for Sale | Photo 2
    • 5108 Wilson Mills Rd Richmond Heights, OH 44143 | for Sale | Photo 3
    5108 Wilson Mills Rd | for Sale | Thumbnail 1
    5108 Wilson Mills Rd | for Sale | Thumbnail 2
    5108 Wilson Mills Rd | for Sale | Thumbnail 3
    Building Size: 57,845 SF
    Lot Size: 5.000 AC
    Land Size: 217,800 SF
    Building $/SF: $131.47
    Land $/SF: $34.92
    Price
    $7,605,000
    Description

    SRS Investment Properties Group, as exclusive broker, is pleased to offer Dave’s Market - a 57,845± SF net-lease grocery asset located in Richmond Heights, Ohio. Founded in the 1920’s, Dave’s Markets has a significant history and investment in the Cleveland area with 13 unique locations around the city. Each store is curated and merchandised based on the surrounding community, catering to the specific grocery needs of the neighborhood; a strategy which has fueled the company’s success for nearly 100 years. Dave’s at Hilltop Plaza boasts excellent sales, a low occupancy cost, and a long history of success at the location, dating back to 1993.

    Dave’s Markets provides investors with an advantageous opportunity to purchase a pandemic and internet-proof NNN grocer asset with strong sales and over 5 years of lease term. In addition to facilitating buyer ability to secure attractive financing, the asset’s STNL retail fundamentals provide for low-maintenance, hands-off ownership which is ideal for passive investors.

    Attachments & Files

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Cleveland History of Retail Space for Sale

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    Richmond Heights Area Market Trends

    Listing Demographics for 5108 Wilson Mills Rd Richmond Heights, OH 44143

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population8,96988,540234,780
    Population Median Age444341
    Population by Age0-9 Yrs1002 (11%)9057 (10%)26491 (11%)
    10-19 Yrs924 (10%)10597 (11%)28317 (12%)
    20-29 Yrs799 (8%)10220 (11%)31264 (13%)
    30-39 Yrs1037 (11%)11038 (12%)28542 (12%)
    40-49 Yrs990 (11%)9713 (10%)25193 (10%)
    50-59 Yrs1427 (15%)12136 (13%)31950 (13%)
    60-69 Yrs1314 (14%)12682 (14%)30867 (13%)
    70+ Yrs1475 (16%)13097 (14%)32157 (13%)
    Median HH Income$76,885$59,620$48,874
    Total Household Income< 24K406 (10%)7489 (19%)28755 (27%)
    25-49K697 (18%)8872 (22%)24279 (23%)
    50-74K768 (20%)7277 (18%)16657 (15%)
    75-99K589 (15%)5294 (13%)11699 (11%)
    100-199K1199 (31%)8281 (21%)17007 (16%)
    200K+172 (4%)1746 (4%)5951 (5%)
    Highest Education LevelNo Diploma208375313706
    Diploma or GED14311458540110
    Some College13721401735645
    Assoc. Degree485483312748
    Bachelors Degree18271508033012
    Higher Degree14141159729208
    Total Housing Units4,01842,891121,608
    --Owner-Occupied3,52526,60759,311
    --Renter-Occupied30612,35245,038
    Owner-Occupied Values< 100K340744220946
    100-199K24051368223370
    200-299K68132427117
    300-399K5911373454
    400-499K316061989
    500K+104972436
    Total Working Age Population7,39673,525192,183
    In Work Force4,79145,947119,047
    Not In Work Force2,60627,57873,136
    Workforce Employed4,46243,416110,203
    Workforce Unemployed3082,4838,779
    Civlian Workforce4,77045,900118,982
    Military Workforce214765
    Total Households3,83138,959104,349
    Family Households2,63123,12157,478
    Non-Family Households1,20115,83846,871
    Married Couple2,12416,12536,614
    Other Family5066,99620,864
    Married w/Child6625,43612,662
    Single Male w/Child587082,099
    Single Female w/Child1282,6188,320

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Ohio11,353,140+211,536,504011,574,870011,615,100
    Cuyahoga County1,393,978-81,280,122-61,209,550-51,154,210
    Lake County227,511+1230,041-1228,6000228,380

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 5108 Wilson Mills Rd in Richmond Heights?
    The asking price for 5108 Wilson Mills Rd is $7,605,000
    What is the building size of this Retail property in Richmond Heights, OH?
    The size of the building/unit at 5108 Wilson Mills Rd in Richmond Heights is 57,845 square feet
    How much land does the Richmond Heights, OH property at 5108 Wilson Mills Rd include?
    5108 Wilson Mills Rd in Richmond Heights includes 5.000 acres of land
    What kind of Retail is the propery at 5108 Wilson Mills Rd?
    The property at 5108 Wilson Mills Rd Richmond Heights, OH 44143 is listed as a Shopping Center Retail property
    What is the population within 1 mile of 5108 Wilson Mills Rd in Richmond Heights?
    The population within 1 mile of 5108 Wilson Mills Rd Richmond Heights, OH 44143 is 8,969 people.
    Who do I contact for questions about 5108 Wilson Mills Rd?
    You should contact the listing agent, Kyle Stonis, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    Cleveland Hopkins International Airport (CLE) 20
    Erie International Tom Ridge Field (ERI) 78
    Pittsburgh International Airport (PIT) 98
    Price
    $7,605,000
    Listing Agent
    More listings from Kyle Stonis
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