Madison Square

Property Type: | Property Status: Sold

Aarons Computer Appliances

Property Details

Price: $6,190,000

CAP Rate:

Square Feet:

Tenancy Type: Mixed

Lease Type: NNN

Location Info

Address: 6572 North Ridge Road

City: Madison

State: OH

Zip: 44057

Property Description

Short Description:
Madison Sqaure – 9.00% Cap – NNN Leases

Details
With 100% occupancy and primarily triple net (NNN) leases for all current tenants, Madison Square Shopping Center is shadow-anchored by Giant Eagle to the west and is situated directly on N. Ridge Road – a major roadway with a plentitude of commercial activity. In addition to the shopping center itself, the property has two outlot parcels fronting N. Ridge Road, one of which is ground leased by Chase Bank, the other of which is owned by Wendy’ s. The area surrounding Madison Square is predominately occupied by commercial retail users, some of the more notable within 1-mile being Giant Eagle w/ a Get-Go Gas Station, Peebles Department Store, Walgreen’ s and Rite Aid drugstores, and Wal-Mart Supercenter. Additionally, numerous restaurant/service-provider users adjacent to the property, including Blockbuster,AutoZone, Prudential, Taco Bell, Arby’ s, McDonald’s, BK, Pizza Hut, & Subway.