Westlake Commons

26429 Center Ridge Road

Westlake, OH 44145

Highlights:

• 93% Occupied Retail Center: Service-Oriented Tenant Mix with Upside at Attractive 8.25% CAP Rate

• Major Future Upside by Converting Gross Leases to NNN and Increasing Well Below Market Rents: Validated by 3 Recent Completed Leases Between $18-21/S.F., NNN (Long-Standing Tenants in the Center are Between $8.00-14.00/S.F., Gross)

• Extremely High Demographics: 149,000+ People within a 5-Mile Radius and Average Household Incomes Reaching $150,000+

• Strategic Location: Just 2 Miles from Crocker Park, an Upscale, Open-Air Lifestyle Center and Mixed-Use Development, Drawing Nearly 20 Million Annual Visitors - Tenants Include American Greetings Headquarters, Apple, Arhaus Furniture, IKEA, Urban Air, Nordstrom Rack, Trader Joe's and Much More

• Recent Capital Improvements Over the Last Few Years: Parking Lot Sections Repaved, Facade Improvements, Roof Shingle Replacements and Upgrades to the Pylon Sign

• Highly Accessible Location: Conveniently Positioned Near Interstate 90, Providing Direct Connectivity to Downtown Cleveland, Cleveland Hopkins International Airport, Lorain County, and Major Employment Centers Throughout Northeast Ohio

• Good Visibility and Frontage off of the Main Drag (Center Ridge Road): Including Two Points of Ingress and Egress, as well as a Prominent Pylon Sign

• High-Value Housing Shield: Strong Community Foundation with 73% Homeownership Rate and Established, Recession-Resilient Residential Base that Preserves Local Property Values

• Significant Retail Investment: IKEA Recently Announced Plans for an Approximately 80,000-SF Store at Crocker Park, Expected to Open in Spring 2027 and Further Strengthen Westlake's Position as a Regional Retail Destination

• Strong Local Employment Base: University Hospitals, American Greetings, Hyland Software, Cleveland Clinic, Westlake City Schools, and Other Major Employers Represent Thousands of Local Jobs, Supporting Significant Daily Traffic and Consumer Spending

• Major Healthcare Presence: Located Near University Hospitals St. John Medical Center, a Full-Service Community Hospital on Center Ridge Road, as well as Cleveland Clinic's Westlake Medical Campus, Providing Extensive Healthcare Services Throughout the Western Cleveland Suburbs

Exclusively Listed By:

Bob Havasi

(216) 562-1981 x10

bhavasi@coopergrp.com

Dan Cooper

(216) 562-1981 x12

dcooper@coopergrp.com

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