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9501-9591 Vista Way, Garfield Heights, OH, 44125

The Shoppes at Vista Way
$8,610,000

Key Information

Cap Rate
8%
Year Built
2005
Type
Shopping Centers
Occupancy
97.2%
NOI
$688,910
Leasable Area
41,520

Highlights

  • Starbucks & Chipotle Anchored Multi-Building Strip Center | Starbucks End Cap Drive-Thru | Recent Extensions — Starbucks Exercised 5-Yr Option (Exp 3/2031) & Chipotle Extended for 10 Yrs (Exp 5/2036)

  • Comprised of Daily Needs Service & Food Based Operators | Recent 5-Yr Extension with T-Mobile (Exp 2/2031) | Penn Station Exercised 5-Yr Option (Exp 7/2031) | 5-Yr Extension & Expansion with Angel Dental Care (Exp 6/2031) | Lendmark Exercised Final 3-Year Option (Exp 9/2029)

  • Significant Leasing Momentum With Nearly 70% of Occupied GLA Renewing or Leasing New Space in Last 18 Months (12 of 18 Tenants) | Recent Extensions with Starbucks, Chipotle, Penn Station, T-Mobile, AT&T, Lendmark, HealthMarkets, Legacy Staffing, Guardian Angel Services & OAPSE | Recent Extension & Expansion with Angel Dental Care | New 10-Yr Lease with Hummus & Garlic

  • Giant Eagle Shadow Anchored | Heavily Trafficked Location | Additional Daily Traffic Drivers with Surrounding Industrial, Office & Medical Employers | Nearly $1B of Recent & Future Economic Development Projects in the Immediate Vicinity

  • Densely Populated Trade Area of 835,000 People Within 10 Miles | Significant Daytime Population

  • Ideal Daily Needs & Services Location Situated Along I-480 (157,600 VPD) with Direct Freeway Access to Ohio’s 3rd Most Trafficked Freeway | Less Than 1 Mile from the I-480 & I-77 Interchange (Nearly 250,000 Combined VPD)

Photos

Location

Agents

Broker of Record

Matthew Wallace

License # REC.2022007141 (OH)
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113