BEACH PARK STATION - STOP 65 MIXED-USE RETAIL CENTER - 33479, 33481, 33483, 33487, 33501 LAKE ROAD AVON LAKE OHIO - LoopNet
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BEACH PARK STATION – STOP 65
MIXED-USE RETAIL CENTER
33479, 33481, 33483, 33487, 33501 LAKE ROAD TSH COMMERCIAL HOLDINGS LLC
AVON LAKE OHIO
3 7
INVESTMENT SUMMARY PROPERTY OVERVIEW
Offering Summary I Investment Highlights Aerials I Site Plan I Location Maps
11 13 17
AREA OVERVIEW LAND USE PLAN FINANCIALS
Area Summary I Demographics Avon Lakes’ Comprehensive Property Rent Roll I Pricing Summary I Tenant
Land Use Plan Overview
INVESTMENT SUMMARY
TSH COMMERCIAL HOLDINGS LLC is pleased to present the opportunity to acquire Beach Park Station – Stop 65, an 8.33
acre mixed-use retail center located on the west side of Cleveland, Ohio in Avon Lake. The offering includes 88,285 SF of
rentable space with 100% occupancy currently. It is anchored by the US Post Office, City of Avon Lake’s Anchor
Recreational Center and Performance Health. It is located directly south of 40 acres of prime lake front property and to the
east of 300+ acres of which is planned for residential re-development by the City of Avon Lake. This lakefront shopping
center has the opportunity to become the epicenter of this up and coming lakefront corridor.
PROPERTY PHOTOS
Offering
INVESTMENT SUMMARY PRICING TBD by market
NET OPERATING INCOME $ 215,000 (2021 Estimate)
OCCUPANCY 100%
MAJOR TENANTS United States Postal Service,
Tailgators, Ibiza, City of Avon Lake
Property Specifications
RENTABLE AREA 88,285 SF
LAND AREA 8.33 AC
PROPERTY ADDRESS 33473, 33479 33481, 33483, 33487,
33501 Lake Road, Avon Lake, OH
44012
YEAR BUILT 1900 - 1970
PARCEL NUMBERS 0400006135107, 0400006135105,
0400006135103
OWNERSHIP Fee Simple
INVESTMENT HIGHLIGHTS
Designated as a “Focus Area” in Avon Lake’s New City of Avon Lake, Ohio
Comprehensive Land Use Plan
• Avon Lake ranked as the 6th Best Suburb by Cleveland
• Avon Lake announced the closing of the GenOn Power Plant Magazine in 2021, as well as 4th in Safety and 8th in Education
across the street from Beach Park Shopping Center (Closure • 17 miles west of Cleveland, Avon Lake has easy access to
Announcement 6/9/2021) downtown amenities
• Per the city’s announcement and land use plan, plans for re- • Approximately 24,000 residents located in Avon Lake
development of power plant land (40 acres) over the next 2-3 • $83,018 median household income in Avon Lake
years will include public access, recreational use and creating
an inviting walkable district
• This newly developed lakefront area directly north from Beach Excellent Access and Visibility with Large Pylon
Park Shopping Center will have a tremendous draw of people Sign
to the area and bring a need for dining/entertainment.
• Situated on Lake Road, with multiple ingress/egress
Strong Tenant Prescence points
• Property is 4-miles from two different Interstate-90
• City of Avon Lake Recreation Center , The Anchor, brings on/off ramps
strong draw of residents to shopping center • Prime visibility from Lake Road and Moore Rd with
• United States Postal Service has been tenant for 20+ years large pylon sign located on Lake Road
• Long term restaurant tenants, Dogg House and Tailgators
PROPERTY OVERVIEW
Location Year Built Zoning
• Avon Lake, Ohio • 1900 - 1970 • Designated “Focused Area” by Avon Lake
• Lorain County • Currently Zoned Commercial
• Opportunity for Residential overlay
Parking Improvements Historical Landmark
• Approximately 274 spaces • Rico’s and Ibiza build-outs were in 2020. The Anchor Beach Park Station received a local city designation
on the owned parcels build-out was done in 2017 with new flooring and historical marker in 2018. In 1901 Beach Park Station
ceiling fan. Construction Support Specialist and became “Stop 65” on the Lakeshore Electric Railway
Performance Health build-outs were in 2017. that ran from Cleveland to Toledo and Detroit. This
designation has flexibility to change.
SITE PLAN
33473 Lake Rd 33489 Lake Rd
33473 Soul Fire Blessings 33489 Rockin Rail Hotel
33475 Lake Rd 33491 Lake Rd
33475 Dogg House 33491 Bobi Biederman Photography
33479 Lake Rd 33493 Lake Rd
33479 - A Construction Solutions 33493 Rico’s Taco’s & Tequila
33479 - C Performance Health
33499 Lake Rd
33479 - D Community Resources
33499 Tailgators
33487 33479 - Rear Power-On Generators
33501 Lake Rd
33501 - A 33481 Lake Rd
33487 Rear 33501 - A Beach Park Station Museum
33481 Ibiza
33501 - A Total Restore
33483 Lake Rd 33501 - B USPS
33483 Steel Armory 33501 - L Petite Suites
33501- B
33485 Lake Rd 33501 - G Avon Lake Liquor Store
33501 - L 33485 West Park Premier Barber Shop 33501 - I Seeds of Wellness
33501 - G 33501 - K Pizza Cutter
33501 - I 33487 Lake Rd
33501 - K 33487 The Anchor Rec Center Rear Land
Rear Land 33487 - Rear ASAP Plumbing Rear Land Parcel TSH Commercial Holdings LLC
LOCATION MAP Avon Lake
BEACH PARK SHOPPING
CENTER
TOWN LEARWOOD
CENTER SQUARE HUNTINGTON
BEACH
SWEETBIAR GOLF
COURSE
Sheffield Bay Village
Lake
CLEVELAND
CLINIC
AVON
COMMONS CROCKER Westlake
PARK
Avon
LOCATION MAP
PUT-IN-BAY
KELLYS ISLAND
AVON LAKE
Cedar Point CLEVELAND
Amusement Park ROCKY RIVER
LORAIN
SANDUSKY WESTLAKE
VERMILLIONAREA OVERVIEW Avon Lake, Ohio Avon Lake, bordering Lake Erie, is a family-friendly, professional community with a plethora of recreational activities to enjoy. Residents can enjoy public beaches, a Lorain County Metro Park with bike trails, public parks and much more. With ample housing developments and future developments in the works, the city is also home to a healthy industrial sector including the Ford Assembly Plant, Lubrizol Corporation, NRG Energy and Avient (formerly PolyOne). Situated just 20 miles west of Cleveland, Avon Lake residents are able to conveniently enjoy all that downtown Cleveland has to offer such as museums, The Rock and Roll Hall of Fame, the dining and bars in the Flats, Indians, Browns and Cavaliers games and much more. Avon Lake was ranked as the 6th Best Suburb by Cleveland Magazine in 2021 while also being 4th in Safety and 8th in Education. The shopping center is surrounded by 4 of the top 10 suburbs as ranked by Cleveland Magazine. Higher Education institutions in the area include Lorain County Community College, Cleveland State University, Cuyahoga Community College, Baldwin-Wallace College and Oberlin College. Cleveland Hopkins International Airport is a mere 18 miles from Avon Lake. Lorain County is located in north-eastern Ohio, approximately 30 miles west of Cleveland. It includes 33 cities, villages and townships, the largest of which is the city of Lorain. The county has a population of approximately 301,374. Two major highways pass through Lorain County, along with a number of major State and U.S. Highways. Interstate 90 and 80, major east-west transportation ways, offer residents direct access to Chicago, IL, Cleveland, OH, Pennsylvania and Buffalo, NY.
AVON LAKE
DEMOGRAPHICS
POPULATION 24,030
UNDER 5 YEARS 5%
18 YEARS AND OLDER 75.4%
65 YEARS AND OLDER 20.3%
MEDIAN HOUSEHOLD INCOME $83,018
BACHELORS DEGREE OR HIGHER 50.5%
EMPLOYMENT RATE 61.7%
POVERTY RATE 5.1%
TOTAL HOUSING UNITS 10,104
Source: US Census Bureau, American Community Survey 2019LAND USE PLAN
Avon Lake’s New Comprehensive Land Use Plan
Avon Lake’s new Comprehensive Land Use Plan is a vision for what the community wants to become and the steps
needed to realize that vision. Building up local and regional trends to develop this new guide will help better position
the city as a thriving community in Northeast Ohio.
A main part of this new plan is to concentrate on designated ‘Focus Areas’ in the city. These focus areas were chosen
based on the following criteria: Under-utilized land and/or buildings; New opportunities to serve existing
neighborhoods/district; New opportunities to improve community identity and; Opportunities to create a variety of
housing choices and styles.
Beach Park Shopping Center falls into the Lake Road focus area which is dominated by the GenOn power plant. With
the recent news of the power plant’s closure, the area contains a wealth of opportunity given it’s Lakefront location
and eventual re-development of the 40 acres of lakefront power plant land directly north of the center. The vision
along the Lake Road corridor will include a new lakefront park with a marina, creating a new public access point to
Lake Erie for residents as well as boaters – this will be the key driver to the entire focus area and district. The
surrounding area, which includes Beach Park Shopping Center, will be able to offer/create a mixture of uses such as
retail, commercial, entertainment and residential which will help develop a vibrant water-oriented district.
Development Goals
1. Provide a new
lakefront access
2. Integrate new retail
opportunities
3. Develop public/green
open spaces
4. Increase walkability
through streetscape
point throughout the area enhancementPower Plant Closure Announcement
LAND USE PLAN
Contact:
Ted Esborn
Economic Development Director
FOR IMMEDIATE RELEASE tesborn@avonlake.org 440-930-4167
Lake Road Focus Area COAL-FIRED POWER PLANT TO CLOSE, CITY COMMITTED TO REIMAGINE PUBLIC LAKEFRONT SPACE
Avon Lake Cites “Once-in-a-Lifetime” Development Opportunity with Razing of Rarely Used Plant
AVON LAKE, OHIO, June 9, 2021 – Today, the City of Avon Lake is announcing the plans to close the Avon
Lake Generating Station. The plan is subject to a 90-day review by the market regulator, PJM. While this
plant has been part of the City for almost 100 years, its closure will allow the City to work in partnership
with GenOn Holdings, Inc. its current owner, and its successor to redevelop the 40-acre plant site sitting on
Lake Erie, along with acreage south of Lake Road. The coal-fired power plant, which operates fewer than 50
days per year, will close and the successor to GenOn intends to remediate and demolish the site over the
next two to three years. The City is committed to the site being repurposed for public access and
recreational use that contributes to the future of our City and citizens.
“We’re excited about this remarkable opportunity for a transformative redevelopment for Avon Lake,” said
Mayor Gregory Zilka. “This project will open up a prime 40-acre site on Lake Erie to the public, while also
allowing us to take a giant step forward in cleaning up our environment and improving the quality of life
for everyone in our community.”
The transfer of the plant site will likely close this fall, and the transferee will take on all environmental
obligations for the plant site. The city will be applying for federal brownfield grants and other resources to
help with the clean-up and redevelopment. Avon Lake residents will see little to no impact on energy
availability or what they pay for energy. The Avon Lake plant was operating only at peak usage times, such
as the hottest days that bring the highest demand for air conditioning.
About 55 employees still working at the power plant will be impacted by the shutdown. We understand
that GenOn is providing customary benefits in a situation like this.
“We know this will be a challenging time for them, and the City will work with our partners at Ohio
Means Jobs Lorain County to aid in their transition," said Mayor Zilka.
The city anticipates the loss of property tax revenue from the plant, however, any short-term impact on
our homeowners, businesses and schools will be lessened by the new housing and business development
that continues to and is currently occurring throughout our City. In addition, not far down the road, the
gains from redeveloping 40 acres of prime real estate will be significant.
Figure 4.4 Existing Condition Aerial, Avon Lake Comprehensive Land Use Plan “The innovative skills of our partners combined with our determination to take advantage of suddenly
gaining a half-mile of lakefront land equal a once-in-a-lifetime opportunity,” said Mayor Zilka. “We plan to
take advantage of it.”
Beach Park Shopping Center GenOn Power Plant Closing Down For more details go to AvonLake.org/news.LAND USE PLAN
Contd. redevelopment
progress
Charah Solutions Site Remediation & Redevelopment
Charah Solutions Full ArticleLAND USE PLAN
Beach Park
Shopping Center
Avon Lake’s New Comprehensive Land Use Plan;
Residential/Commercial Opportunities
With over 300+ acres planned for residential re-development to the west of Beach Park Shopping 300+ Acres for
Center, along with the power plant re-development, this area has an abundance of opportunity for Re-Development
not only lake access amenities but for mixed-use opportunities as well, including commercial, By City of Avon Lake
residential, retail, and entertainment.
The two outparcels of Beach Park Shopping Center that are not currently owned by TSH
Commercial Holdings, Pizza Cutter and Avon Lake Liquor Store, if acquired, could make for a
strong overlay for a new residential, retail, shopping, dining and entertainment center. This mixed-
use opportunity could be one of the leading attractions for residents and visitors in this newly
developed district.
City’s Land Use Plan Implementation
• Rehab under utilized • Demolition of tired buildings and
buildings infill development
• Streetscape • New development
enhancements orientated to the streetLAND USE PLAN
Power Plant Re-Development
Land Re-DevelopmentPROPERTY RENT ROLL
Beach Park Shopping Center
Rent Roll
Rent Per Sq. Ft. Years Present at
Tenant Occupied Sq. Ft. Monthly Rent Annual Rent Lease Start Lease Finish Lease Options
Per Yr. Center
Tailgators Sports Bar 1,880 $ 1,575 $ 18,900 $ 10.05 TBD TBD TBD 17 yrs
IBIZA 3,400 $ 2,400 $ 28,800 $ 8.47 6/1/2019 6/1/2024 1 (5-Yr) Opt 1: $31,200 2.5 Yrs
Dogg House 6,110 $ 4,000 $ 48,000 $ 7.86 9/1/2018 8/31/2023 1 (5-Yr) Opt 1: $48,000 8 Yrs
Humberto Melgoza -(RICOS) 4,000 $ 1,500 $ 18,000 $ 4.50 1/1/2019 12/31/2023 1 (5-Yr) Opt 1: $25,200 2.5 Yrs
City of Avon Lake 7,500 $ 3,000 $ 36,000 $ 4.80 1/1/2021 12/31/2022 1 (3-Yr) Opt 1: $42,000 3.5 Yrs
United States Postal Service 8,000 $ 3,499 $ 41,987 $ 5.25 5/1/2019 4/30/2024 - 21.5 Yrs
Performance Health 9,000 $ 7,200 $ 86,400 $ 9.60 TBD TBD TBD 4 Yrs
Community Resource Services 2,200 $ 2,185 $ 26,220 $ 11.92 TBD TBD TBD 16 yrs
Construction Support Solutions 3,200 $ 2,000 $ 24,000 $ 7.50 1/1/2018 12/31/2022 - 4.5 Yrs
Bobi Biederman Photography 1,400 $ 1,200 $ 14,400 $ 10.29 5/1/2021 4/30/2024 - New
Labpacks Unlimited, Inc. 2,425 $ 1,900 $ 22,800 $ 9.40 7/1/2018 6/30/2023 - 3.5 Yrs
Steel Armory, LLC 1,100 $ 250 $ 3,000 $ 2.73 2/3/2021 2/2/2025 - New
Total Restore, Inc. 785 $ 750 $ 9,000 $ 11.46 7/1/2020 6/30/2023 - 1.5 Yrs
Rob Franta/Lofts at Beach Park 17,700 $ 750 $ 9,000 $ 0.51 5/1/2019 4/30/2022 1 (5-Yr) Opt 1: $12,000 & $13,200 5 Yrs
Love-A-Stray 300 $ 200 $ 2,400 $ 8.00 7/1/2021 6/30/2022 1 (1-Yr) Opt 1: $3,600 1 Yr
Joyce Athanas 600 $ 500 $ 6,000 $ 10.00 7/1/2020 6/30/2023 1 (5-Yr) Opt 1: $7,200 2 yrs
Donald Daviees 185 $ 225 $ 2,700 $ 14.59 5/1/2020 M-M - 5 Yrs
TBP Avon Lake, LLC 15,000 $ 100 $ 1,200 $ 0.08 7/1/2020 6/10/2032 - 1 Yr
Pat Burke/ West Park Premier Barbershop 3,000 $ 1,500 $ 18,000 $ 6.00 5/1/2021 4/30/2027 - New
Halpro 400 $ 450 $ 5,400 $ 13.50 1/1/2021 M-M - 1 Yr
American Heritage Home Remodeling, LLC 100 $ 225 $ 2,700 $ 27.00 5/1/2021 4/30/2022 1 (1-Yr) Opt 1: $2,700 1 Yr
88,285.00 $ 35,408.91 $ 424,906.92
Total Occupied 100%
Total Vacant 0%REIMBURSEMENT
SUMMARY
Beach Park Shopping Center
Reimbursement Summary
Per Month Annually
Occupied Pro Rata Prop. Taxes CAM Paid Refuse Snow Removal Responsibility of In-Unit
Tenant Utilities Notes
Sq. Ft. (Sf) & Insurance Per Month Reimbursement Reimbursement Repairs & Maintenance
Tailgators Sports Bar 1,880 2.1% Gross Gross Tenant $ - 2.1% Tenant
IBIZA 3,400 3.9% Gross Gross Tenant $ - 3.4% Tenant
Dogg House 6,110 6.9% Gross Gross Tenant $ - 6.9% Tenant
Humberto Melgoza -(RICOS) 4,000 4.5% Gross Gross Tenant $ - 4.5% Tenant
City of Avon Lake 7,500 8.5% Gross Gross Tenant $ - 7.5% Tenant Tenant reimburses Landlord $300/month for all utilities
United States Postal Service 8,000 9.1% NET Gross Tenant $ - 9.1% Landlord Tenant reimburses for real estate taxes
Performance Health 9,000 10.2% Gross Gross Landlord $ - 10.2% Landlord
Community Resource Services 2,200 2.5% Gross Gross Landlord $ - 2.5% Landlord
Construction Support Solutions 3,200 3.6% Gross Gross Landlord $ - 3.6% Tenant
Bobi Biederman Photography 1,400 1.6% Gross Gross Landlord $ - 1.6% Tenant
Labpacks Unlimited, Inc. 2,425 2.7% Gross Gross Landlord $ - 2.4% Tenant
Steel Armory, LLC 1,100 1.2% Gross Gross Landlord $ - 1.2% Landlord
*BlD 1: Landlord Pays, BLD 2: Tenant Pays. Tenant also pays
Total Restore, Inc. 785 0.9% Gross Gross *Mixed $ - 1.0% Tenant $350/month for parking
Rob Franta/Lofts at Beach Park 17,700 20.0% Gross Gross Tenant $ - 20.0% Tenant
Love-A-Stray 300 0.3% Gross Gross Landlord $ - 0.3% Landlord
Joyce Athanas 600 0.7% Gross Gross Tenant $ - 0.1% Tenant
Donald Daviees 185 0.2% Gross Gross Landlord $ - 0.2% Landlord
TBP Avon Lake, LLC 15,000 17.0% Gross Gross Tenant $ - 17.0% Tenant
Pat Burke/ West Park Premier Barbershop 3,000 3.4% Gross Gross Landlord $ - 3.4% Tenant
Halpro 400 0.5% Gross Gross Tenant $ - 0.5% Tenant
American Heritage Home Remodeling, LLC 100 0.1% Gross Gross Landlord $ - 0.1% Landlord
88,285.00 100%
Total Occupied 100%
Total Vacant 0%Financial Key:
➢ YTD = True YTD Performance of Center through June 2021
➢ Monthly Run-Rate = Monthly Average based on YTD Performance
2021 YTD FINANCIAL ➢ Annualized Run-Rate = Annualized Monthly Run-Rate Averages
SUMMARY ➢ Stabilized Forecast = Current Rent Roll Collections (no vacancies) & Annualized Monthly Run-Rate Average on Costs
Beach Park Shopping Center
YTD through June 2021 Financial Breakdown
Annualized Run-
YTD Monthly Run-Rate Stabilized Forecast Comments
Rate
Jan - Jun'21 2021 2021 2021
INCOME:
Rental Revenue $ 202,978.52 $ 33,829.75 $ 405,957.04 $ 424,906.92 Opportunity: Expand revenue stream - Fee's, CAM etc. for new owner
Total Income $ 202,978.52 $ 33,829.75 $ 405,957.04 $ 424,906.92
EXPENSES:
Auto $ 1,855.81 $ 309.30 $ 3,711.62 $ 3,711.62
Office Supplies $ 3,320.88 $ 553.48 $ 6,641.76 $ 6,641.76
Repairs & Maintenance $ 22,994.55 $ 3,832.43 $ 45,989.10 $ 45,989.10 Opportunity: Pass costs back onto tenants through new leases (NNN vs. Gross)
Opportunity: Pass costs back onto tenants through new leases (NNN vs. Gross)
*Snow Removal / Landscaping $ 9,251.21 $ 1,541.87 $ 12,334.95 $ 12,334.95
Opportunity: Collect Utility Reimbursements or defer to Tenants through new leases
Utilities $ 30,500.05 $ 5,083.34 $ 61,000.10 $ 61,000.10 (NNN vs. Gross)
Maintneance Salaries & Wages $ 40,238.29 $ 6,706.38 $ 80,476.58 $ 80,476.58 Assumes 1 Full Time Maintenance Professional
Total Expenses $ 108,160.79 $ 18,026.80 $ 210,154.11 $ 210,154.11
Net Operating Income $ 94,817.73 $ 15,802.96 $ 195,802.93 $ 214,752.81
Operating Expenses:
Taxes $ 45,059.78 Per Lorain County Auditor Duplicates -- Postal Service reimburses 100% of their R.E. Taxes (~$11K)
Insurance $ 10,434.94
Management $ 20,297.85 Assumes 5% on total collections
Total $ 75,792.57
*Snow Removal / Landscaping Full Year Estimate = YTD actuals + 2 months of monthly run-rate costsTENANT OVERVIEW
Avon Lake Post Office The Anchor Recreation Facility Rico’s Tacos & Tequila
One of Beach Park Shopping Centers City of Avon Lake’s large mixed use Recreation Rico's Tacos & Tequila offers savory Mexican
longest tenants, the Avon Lake Post Facility for Basketball, Volleyball, Baseball, food with a friendly atmosphere, making it a
office has been in this location for 20+ Softball and a plethora of other sports and perfect place to eat, drink & have a good
years serving the community. activities for residents are held at The Anchor. time. Enjoy the bar, outside patio or dine in to
experience why Rico’s Tacos & Tequila
customers keep coming back.TENANT OVERVIEW Ibiza Mediterranean Restaurant The Dogg House Bar & Grill Tailgators Sports Bar Ibiza is a spanish & portuguese restaurant in the The Dogg House features a New Menu , Live Established in 2004, Tailgators is a place Avon Lake suburb of Cleveland, Ohio. Founded by Music, Entertainment , Sports, Trivia and a for Ohio sports fans. We are locally Anthony Ponce, who has nearly 25 years in the courteous and helpful staff to help make owned and operated with the ambition restaurant business. Ponce started in the Spanish your experience both enjoyable and to provide great service and a friendly and Portuguese rich communities in New Jersey, memorable. Ohio Lottery Games, Keno and atmosphere for the great folks of the and moved to Cleveland in 1996. Ibiza offers Pull tabs are also available Cleveland area. Spanish, Portugese, and Italian Dishes in a festive environment.
TENANT OVERVIEW Performance Health Systems Steel Armory Rockin Rail Hotel Health Insurance Agency that employees about 75 Steel Armory provides high quality shooting Saddle Inn Hotel Rooms have been people. Three decades ago, third party sports products to consumers at the best price converted to rentable offices and administrators (TPAs) began to offer employers possible, and reinvents the Gun Store. Steel private rehearsal studios with 24- meaningful alternatives to the traditional fully Armory offers Grunt Style shirts, and Black hour access. Offering 30 various insured carriers. In recent years, mergers and Rifle Coffee Company products. Most gun size rooms. acquisitions by private equity groups and insurance stores are guns, ammo, accessories and that's carriers has eroded the core TPA value proposition. all. Why not mix it up a little bit. Steel Armory Performance Health recognized the needs of small aims to deliver the best quality products and and medium employers were no longer being met. highest customer level of customer service to Maximizing our industry knowledge and our long- everyone. You'll soon see the difference when held relationships, we aggregated best-in-class you shop here, or select Steel Armory for your solutions with our aggressive contract negotiations FFL Transfer. to bring you our Total Health Plan Solutions.
VALUE-ADDED
OPPORTUNITITES
• Implementing Net vs. Gross Leases
• Outparcel acquisitions (see next slide)
• Strong opportunity for Residential Overlays
• For Rent / For Sale products
• Opportunities to expand collections:
• CAM Fees
• Utility Reimbursement Fees
• Deferred Maintenance Fees
• Refuse Fees
• Management Fees / Admin. FeesOUTPARCEL
OPPORTUNITIES
If new owner acquired these last three PPN’s – they would control the entire center outright & have the capability to rezone/ redesign the
shopping center. Opportunity to purchase land & NET lease back to existing tenants until future development plans are ready to be executed.
Avon Lake Carry
Out & Liquor
• Parcel # 0400006135094 • Parcel #’s 0400006135092 &
0400006135104
• Acres: 0.18
• Acres: 0.57 combined (0.28 & .029)
• County Value: $102.3K
• County Values: $247,730 combinedYou can also read
