Description
Vineyard Square Plaza shopping center and warehouses for sale on SR 60 in Vermilion. Cap rate 6.75% at 5% vacancy. Actual occupancy is 100%. Retail: 29,261 SF. Flex Space: 30,200 SF. 98% occupancy. Tenants include Mercy Health (48% of retail income, 32% of overall Income). Site approval for 6,000 SF of additional flex space. Owner, developer and a current tenant (Prete Builders) are related parties. Tenant is willing to sign a 3-year master lease, assignable. Sale includes two Erie County Parcels: 1200083002 and 1200083005.
Location
The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of the NORIS MLS. Real estate listings held by brokerage firms other than the site owner are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Information is deemed reliable but is not guaranteed accurate. Broker Reciprocity information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data updated daily. ©2022 Noris. All rights reserved.
Listing Office: Hoty Enterprises, Inc.
