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Medwick Marketplace: Largest Regional Shopping Center in Medina, Ohio.

Opportunity to own 187,000 sq. ft. of the  340,000 sq. ft Center.

Tours available - Please contact the SVN team to arrange your tour today

Victor Voinovich (voinovichv@svn.com; 888-236-1435) will schedule a tour. 

There will be a group tour Friday June 7th between 1-4pm. Please confirm attendance.

Highlights:

  • Grocery anchored with 30 national operating retailers including outparcel tenants (including 7 well-known eateries)
  • Medina County is the fastest growing county in Northeast Ohio and 6th fastest growing county in Ohio
  • 85% occupied, with low average rents, providing upside
  • High traffic area in Medina’s primary retail trade area with 1667 feet of frontage on N. Court St. and a hard corner
  • Great visibility and access with 5 entrances (main entrance signalized with left turning lane) from three different streets

AERIAL VIDEO

Property Summary:

Located approximately 33 miles south of Cleveland, Medwick is strategically located at the hub of Medina County. Medwick is in the most significant section of the Medina, Ohio’s retail trade area in a concentrated one-mile strip with Medwick in the center. Other tenants include Marshalls, Shoe Carnival, Sally Beauty, Dress Barn, Bath & Body Works,  Advanced Auto Parts, Dollar Tree, and other well-known brands.

The center benefits from strong national outparcel tenants in front of it including eateries such as Taco Bell, McDonalds, Duncan Donuts, Dragon Buffet, Domino’s Pizza, and Subway. These, and several other outparcel tenants, provide strong traffic to the center with a roadway that serves both Medwick and the outparcel tenants. Customers of the outparcel tenants must enter Medwick to get to their chosen outparcel destination. These outparcel eateries provide what could be considered a “food court” which delivers traffic to the center promoting cohesiveness to the operation of the center. While the outparcel tenants, except for one, are not part of the Medwick’s ownership, the center greatly benefits from their traffic.

There is a Target store immediately to the South and Walmart Super Center (opened in 2005) immediately to the North providing retail trade to frequent this area. Other large retailers within a quarter of a mile on either side would include Kohl’s, Home Depot, Regal Cinemas, PetSmart, JoAnn, Bed Bath & Beyond, Harbor Freights, Pet Supplies Plus, Hobby Lobby, Pier One

Imports, Staples and restaurants like Ruby Tuesday, Eat n Park, Five Guys, Applebee’s, Bob Evans, Longhorn, Quaker Steak n Lube, Chipotle, KFC, Little Caesars (in addition to the 7 eateries in the Medwick Marketplace) and other grocers including Buehlers, Giant Eagle, and Aldi.

The city of Medina is closely tied to the heavily populated suburbs to the North and East. Medina is part of the Cleveland SMSA yet retains its own identity and small city atmosphere. Medina is also part of the 12th largest populated region in the U.S. known as Northeast Ohio consisting of 18 counties with a population of over 4 million. Medina continues to grow in population and is participating in the current housing construction boom. Today, it is the 6th fastest growing county in the State of Ohio and is the fastest growing county in the 18 county Northeast Ohio Region. Medina serves as the county seat for Medina County, Ohio.

 

 

 

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Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.

Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.

You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.

Medwick Marketplace

1029-1205 N Court, Medina, OH 44256

Expired

Asset Snapshot

  • Asset Type
  • Real Estate
  • Land Area
  • 24.11 Acres
  • Year Built
  • 1991
  • Year Renovated
  • 2001
  • Number of Floors
  • 1
  • Number of Buildings
  • 4
  • Parking Count
  • 1,088
  • Occupancy
  • 85.18%
  • Occupancy as of
  • Apr 01, 2019
  • Retail Type
  • Neighborhood Center
  • Anchor
  • Yes
  • Anchor Tenant(s)
  • Marc's
  • Property Size
  • 187,077 Sq Ft
  • Platform Fee

    Platform fee for this transaction is 5.00% or a minimum of $25,000.

  • Cooperating Broker Fee Available!

    Cooperating brokers may be eligible for a 0.50% co-op fee if their client is the winning bidder. If you are a broker, click here to login and identify your client.

  • Auctioneer

    1. Thomas Seaman

      Keller Williams Greater Cleveland

      License: 2007000016