993 - 1005 Coshocton Ave • Mt Vernon, OH 43050
Year Purchased: 2021
Purchase Amount: $3,500,000.00
Equity: $1,905,000.00
The Valley Plaza property was purchased in August 2021 and is a 50,710 square foot multi-tenant retail center located on the dominant retail corridor of Mt. Pleasant, OH (part of the Columbus MSA). Built in 2004, the property is anchored by a new Harbor Freight retail store. Additionally, the property shares a parking lot with a brand-new Starbucks. The center was 100% occupied at closing and offered our investors the prospect of current cash flow stability combined with upside from future leasing and planned rent increases.