7585-7061 Mentor Avenue

For sale to qualified investors is a regional strip center opportunity offering an immediate 16.31% upside opportunity through lease-up of vacant space. The Avenue Shoppes is located on heavily trafficked Mentor Avenue (21,408 vehicles per day) and is situated in the center of one of the Cleveland’s main regional retail trade areas. The 27,547 square foot strip center features anchor-type facades that provide tenants with major street presence facing Mentor Avenue. The current tenant mix includes restaurant, fitness, hard goods and service, which combined with the regional nature of the property, allows the asset to cater to a geographically diverse clientele. This offering comes with vacant spaces of 2,343 and 2,150 square feet, offering the investor with immediate upside opportunity rarely seen in the market today. The property is being offered at a 7% cap rate on in-place income only, allowing the investor to capture 100% of the upside post-sale. The property is surrounded by national retailers including Dicks Sporting Goods, Best Buy, TJ Maxx, At Home, DSW, Five Below, Aldi, Michael’s, Starbucks, Panera, Chipotle, and many, many more