Tenancy Type: National
Lease Type: NNN
Address: 6140-6148 Wilmington Pike
The Cooper Commercial Investment Group is pleased to announce the sale of the 70,000 S.F. Sugarcreek Plaza, boasting high-traffic generating retailers, BuyBuy BABY, Bed Bath & Beyond, Planet Fitness and Affordable Uniforms, all on newer, long-term 10-year NNN leases. The center was completely redeveloped to a multi-tenant use in 2018, and the 100% occupied asset has superior positioning right off the highway in an extremely successful and high barrier to entry market.
Dan Cooper of the Cooper Commercial Investment Group in Cleveland, Ohio, had the privilege to represent the seller on the transaction, whom he has worked with several times before. Both the buyer and the seller are private investment groups based out of the Southeast Region. The asset for $7,450,000, representing a 7.91% CAP Rate. Through marketing efforts, the Cooper Group generated multiple competitive offers on the property. The Cooper Commercial Investment Group looks forward to working with parties interested in selling or looking to acquire other similar commercial assets and encourages you to contact them for a no obligation, evaluation of your commercial property. Visit online at www.CooperGrp.com for the most up-to-date listings and information, stay connected, “Like” them on Facebook and follow on Twitter @TheCooperGrp.