1850-1854 N Memorial Dr
Lancaster, OH 43130

Marcus and Millichap is pleased to present for your acquisition review the Sherwin Williams and MOD Pizza Retail Center located in Lancaster, Ohio. The center is anchored by a Ten-Year lease with Sherwin Williams and another Ten-Year lease is scheduled to begin in June of 2020 with MOD Pizza. Both leases include 2 Five-Year option periods and significant rent increases in every 5 Years of base term and option periods. Both tenants pay their pro-rata share of real estate taxes, insurance and common area maintenance which provides the landlord with minimal responsibilities.   Sherwin Williams has been a cornerstone of the painting industry for over 100 years and in that time has built an international brand focused on top of the line products and excellent customer service. Their focus on excellence has made them one of the most desirable tenants in the retail sector of commercial real estate. MOD Pizza is a west coast based pizza chain that was started in 2008 and has since expanded to 400 locations across the United States and the United Kingdom. The current tenant is backed by Womack Restaurants, a mid-west restaurant operator based out of Terre Haute, IN that has successfully grown their operations over the last 25 years in the IHOP and Popeyes concepts before expanding into MOD Pizza.   Lancaster, OH is an affluent suburb that sits just 45 minutes south east of the state’s capital, Columbus, OH. The subject property is located in the heart of Lancaster’s central retail corridor that is home to nationally known tenants such as Walmart, Lowe’s, Target, Aldi, Starbucks, Best Buy and more. The area is anchored by the River Valley Mall that drives major traffic along Memorial Drive and houses Dick’s Sporting Goods, JCPenney, Old Navy, and the Cinemark Theatre.