2250 Stumbo Rd
Ontario, OH 44906

Marcus & Millichap, on behalf of ownership as its exclusive advisor, is pleased to bring to market Servex Centre located in Ontario, Ohio. Servex Centre is a 32,000-square-foot neighborhood shopping strip with several local tenants, and provides an excellent valueadd opportunity with significant upside attainable via the leaseup of 20,000 square feet of available space. The property was constructed in 1981 and sits on 2.3 acres. All current tenants are leased to gross terms with several having options to extend. Fifty percent of the tenants currently located within the strip have been in place for over 10 years, showing long term success with the site. Servex Centre is located in Ontario, Ohio, a city just west of Mansfield, Ohio, the largest city in the Mid-Ohio region of the state. The Mansfield MSA is home to a population of 125,000. The property has excellent visibility off of Route 302, which sees 31,870 vehicles per day. Located across the street from the property is Richland Mall, the only enclosed shopping mall within a 40-mile radius of the city and the largest shopping destination in the surrounding five-county region. The mall has over 50 stores and services, anchored by major retailers such as JCPenney, Macy’s, and Sears. The demographics surrounding the area are stable and mature, with 17,250 residents within three miles and 52,697 residents within five miles. The average household income within a one mile radius is $63,301. Less than four miles from the property is The Ohio State University at Mansfield campus which has over 1,100 students and over 40 faculty and staff members. Servex Centre is located with a primary retail corridor in close proximity to Walmart Supercenter, as well as multiple other prominent retailers including Home Depot, Burlington, Kohl’s, Harbor Freight, Staples, JoAnn Fabrics, Discount Drug Mart, Texas Roadhouse, Olive Garden, and more.