Stow Falls Center, built in 1995, is a 91,325 square foot TOPS grocery anchored shopping center located in Stow, Ohio. The anchor, TOPS Friendly Markets (AHOLD guarantee), has an initial lease that extends into 2015.
Other notable tenants include Sears Hardware (expires 2011), Best Cuts (expires 2011), and Litehouse Pools (expires 2016). With the exception of one small vacant space accounting for less than 2.8% of the center's GLA, the asset will experience NO lease rollover until 2010. Sears Hardware has recently spent a significant amount of capital updating their store and has extended their lease through 2011 due to their success at this location.
Located 1/8 mile west off Route 8 on Graham Road, Stow Falls Center is located adjacent to Wal-Mart and Lowe's Home Improvement Store. The surrounding 5-mile radius consists of a densely populated community of 140,000 residents.
Stow Falls Center offers investors the opportunity to acquire a strong and stable grocery anchored asset in a desirable and densely populated community.
