Choolaah & LJI Collision

Highlights

• 100% Occupied 25,684 sf NNN Retail Center
• A+ Real Estate Fundamentals Supporting Long Term Tenant Success
• Insulated location directly off of I-271 which sees 171,807 vehicles per day
• Irreplaceable real estate positioned on a heavily trafficked signalized intersection at exit 29 & Chagrin Blvd combining for 36,773 vehicles per day.
• Densely populated & highly affluent market with over 190k residents within 5-miles and $200k Household Income within 1-mile
• 1.7% submarket vacancy (general retail) and strength of real estate promotes long term Retailer demand for the subject location.
• Performing Tenant Mix with Strong Sales, Prompting Long Term Commitment
• This is Choolaah’s flagship store and by far their top performer out of 6 locations; Choolaah has been operating at the subject location since 2015 and signed a fresh 10 year extension in December 2023.
• LJI Collision is a highly successful single-unit Auto Repair & Restoration operator with strong, consistently growing sales. They have been operating at the subject location since 2010 and recently extended for 5 years in April 2023.
• Annual Rent Increases providing NOI Compound Annual Growth Rate of 2.38% over a 10 Year hold period

Attachments

• Chagrin - Choolaah & LJI Collision Center Site Plan.pdf (PDF) opens in new window
• Chagrin - Choolaah & LJI Collision Center OM_email.pdf (PDF) opens in new window

Location