1157 Park Ave W, Mansfield, OH 44906

Marcus & Millichap is pleased to bring to market West Park Shopping Center, a 157,477-square foot retail center located in Mansfield, Ohio. The subject property consists of three retail buildings situated on approximately 19 acres of land. The center is currently 86 percent occupied by a variety of local and national tenants. West Park Shopping Center is currently priced at $26.67 per square foot which is well below replacement costs. The proposed financing terms including a 30 percent down payment will create a 15.49 percent cash-on-cash return to the investor.

West Park Shopping Center's current major tenancy includes Dollar General Market, Dunham's Sports, Citi Trends, Rose's Beauty Supply, Rent A Center, Little Caesars, National Cash Advance, Midas Automotive, and the Ohio Department of Public Safety. These tenants comprise 56 percent of the current occupancy and are responsible for 62 percent of the gross rent income of the center. Fifteen tenants who occupy 31 percent of the gross leasable area have been at the center for at least 10 years. In total, there are currently 28 tenants, which are leased to either triple-net or gross terms.