Lima Retail for Lease
LOCATION
• Corner Lot
• Signalized Intersection
• 405’ Frontage
• 18,000 VPD highly visible along State Route 309 artery
• Heaviest east/west commute corridor in the county, including to/from Fort Wayne, Van Wert, & Delphos
• Zoned commercial, including Drive-Thru use (see below for detailed zoning info)
• Bounded by Commercially Zoned land for future development (see below for detailed zoning info)
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AREA
• National brand Trade Area, including major retailers such as Lowe’s, Meijer, Menard’s, & Kohl’s
• Across from new Casey’s development
• Close proximity to several K-12 Schools
• Various new storefronts currently in development in trade area
• 2.2% retail rent growth in early 2022, predicted to increase‡
• Only 0.5% strip center vacancy‡
• 40% larger healthcare industry vs national average, + 266% Professional & Scientific job growth
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BUILDING
• Build to Suit / Spec
• Proposed 1-4 tenant building w/ End Caps and optional Inline Spaces
• Customizable 1-15k SF per tenant space
• Utilities in place
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ZONING
Zoned Commercial, including any uses in B-l, B-2, or PBO. This includes but not limited to Professional Business Offices, banks and financial institutions, medical offices, food and grocery, restaurants, retail goods, specialty shops, rest homes, day cares and personal services such as barbers, beauty shop, dog grooming. Zoning classification B-2 additionally includes auto care and sales, micro-brewery, micro-distillery, mini storage and sale of appliance and home goods.
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CITY
Lima is the county seat of Allen County, and the principal city of all surrounding counties including Van Wert, Putnam, Hancock, Hardin, Auglaize, and Mercer Counties.* Likewise, it is the principal city of the Lima Ohio MSA (metropolitan statistical area), which is included in the Lima / Van Wert / Wapakoneta CSA (combined statistical area).*
Lima is located in northwest Ohio along Interstate-75 and State Route 309, approximately 72 mi north of Dayton, 78 mi southwest of Toledo, and 63 mi southeast of Fort Wayne.*
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INDUSTRIES
Healthcare is a key industry in Allen County, where it is ~40% larger than the national average, and enjoys 266% job growth in Professional, Scientific, and Technical Services industries.† Further, healthcare is an even larger industry per capita in Lima, with Mercy Health St. Rita’s Medical Center and Lima Memorial Health Systems both being dominant employers. These two hospitals serve a 10-county area of northwest and central west Ohio.*
In fact, Mercy Health recently announced the development of a $15 million Graduate Medical Education Center, which is a 48,000 SF facility and designed to recruit physicians and medical students to the area.‡
Lima is home to Procter & Gamble, PPG Coating Services (formerly MetoKote), Range Kleen, and Lima Refinery. Lima also includes locations of notable companies including Ford Motor Company and SumiRiko (formerly DTR Industries).† In fact, Allen County in general has a 100% larger manufacturing industry than the national average.†
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SCHOOLS, SAFETY, & TRIVIA
Lima includes Ohio State University (OSU) regional campus and is home to University of Northwestern Ohio.* Lima enjoys being a very low crime area.§ The television series Glee is set in a fictional High School in Lima Ohio.*
*Wikipedia page for Lima, Ohio
†Emsi Allen County Economy Overview (Q1 2022)
‡CoStar Retail Market Review (early 2022)
§Emsi Greater Lima Region Economy Overview (Q1 2022)
