BOUTIQUE INVESTMENT ADVISORY
SOLD
Maple Leaf Plaza Chardon OH
540 Water Street
Chardon, OH
44024
Maple Leaf Plaza is a 149,119 square foot shopping center located in Chardon, Ohio. The center is shadow anchored by a brand new 80,000 square foot Giant Eagle, which used to be a tenant in Maple Leaf Plaza. Giant Eagle's success at Maple Leaf Plaza is the reason they developed a store directly next to the property just two years ago. The sales for Giant Eagle at Maple Leaf Plaza were unmatched by any other grocer in Cleveland, as store sales for their last year in the center were $35,539,859 or $886/square foot. As a shadow anchor, Giant Eagle continues to bring significant amounts of traffic to the remaining retail tenants. The location of the center is extremely desirable and has had numerous offers from high profile tenants to occupy the space that Giant Eagle once called their home in Chardon. 90% of the center is occupied by major national tenants including Peebles (Stage Stores), Subway, Fashion Bug, Best Cuts, Tractor Supply, H & R Block, GNC, and Yum Yum Tree. This asset provides investors the opportunity to acquire a quality built retail center with major national tenants in a growing area of Cleveland.
$10,170,000
Building Size
149,119 sf
Deal Type
Shopping Center