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For Sale Commercial Real Estate Listings in Ashalnd, Ohio


FOR SALE * $1,019,000 * Retail * Ashalnd, Ohio * Full Listing
Marcus & Millichap is pleased to offer for sale the Shoppes of Ashland in Ashland, OH. The subject property consists of a newly Constructed (2006), two tenant, 4,200 Square Foot building at 100% occupancy. All leases are NNN including management. All of the tenants operate on 5 year NNN leases that expire in 2011 and 2012. All leases have options to renew with rental rate increases at each option period. The property sits on Claremont Avenue, the major thoroughfare in Ashland, OH. The subject property is located within 1 mile of Ashland University, along the same thoroughfare. Both tenants are publicly traded companies with Verizon Wireless (Trade Symbol: VZ, S & P Rating - A) and Cashland Financial Services, Inc (Trade Symbol: CSH). Other prominent retailers in the immediate are include: McDonald's, Applebee's, Papa John's, Dollar General, Rite Aid, Family Dollar, Advanced Auto Parts.
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