Meijer Anchored Shops in Maumee, Ohio Sold for $3.3 Million

Marcus & Millichap has sold Meijer Anchored Shops, a 10,000-square-foot retail property in Maumee, Ohio, for $3,325,000.

By on May 19, 2023
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Meijer Anchored Shops in Maumee, Ohio Sold for $3.3 Million

In a recent transaction, Marcus & Millichap, a leading commercial real estate brokerage firm, has successfully sold Meijer Anchored Shops, a retail property located in Maumee, Ohio. The property, spanning 10,000 square feet, was sold for a total price of $3,325,000.

Meijer Anchored Shops is situated at 1385-89 Conant Street, a prime location in Maumee, Ohio. The property’s strategic position along Conant Street, combined with its triple-net leases and proximity to national tenants, has contributed to its strong market appeal.

The buyer of Meijer Anchored Shops remains undisclosed, but their acquisition of this property demonstrates their confidence in the retail market in Maumee, Ohio. The seller, Marcus & Millichap, is a well-established brokerage firm known for its expertise in commercial real estate transactions.

Mark Ruble, Austin Heath, and Chris Lind, all from Marcus & Millichap, served as the brokers for this transaction. Their extensive knowledge of the Maumee market and their expertise in retail properties played a crucial role in facilitating the sale of Meijer Anchored Shops.

The retail property market in Maumee, Ohio, has been thriving in recent years. The city’s strong economy, favorable demographics, and growing population have attracted national retailers and investors alike. Meijer Anchored Shops, with its prime location and established tenant base, presented a compelling investment opportunity.

The property’s triple-net leases add to its appeal, as they provide a stable income stream for the new owner. Triple-net leases require tenants to pay for property taxes, insurance, and maintenance costs, relieving the owner of these financial responsibilities.

Meijer Anchored Shops is surrounded by national tenants, further enhancing its market value. The presence of well-known brands in the vicinity, such as Meijer, contributes to the property’s visibility and foot traffic.

The sale of Meijer Anchored Shops for $3.3 million reflects the strong demand for retail properties in Maumee, Ohio. Investors are attracted to the city’s favorable market conditions and the potential for long-term growth.

Overall, the successful sale of Meijer Anchored Shops highlights the continued strength of the retail real estate market in Maumee, Ohio. The property’s prime location, triple-net leases, and proximity to national tenants make it an attractive investment opportunity. With the expertise of Marcus & Millichap and the brokers involved, this transaction demonstrates the confidence and optimism surrounding the commercial real estate sector in Maumee, Ohio.