DULUTH & FREDDY’S NNN + 2 TENANT STRIP
22,057 SF | 100% Leased | Retail Building | Canton, OH 44720 | $8,800,000 ($399/SF) | 7% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $8,800,000
- Property Type
-
Retail
- Square Feet
- 22,057 SF
- Price / Square Foot
- $399
Listing Contacts
Scott Wiles
Verified Profile
Erin Patton
Verified Profile
- Property Info
Property Details
- Year Built/Renovated
- 2018/2022
- Stories
- 1
- Property Subtype
- Freestanding, Bank, Storefront
- Lot Size (sq. ft)
- 256,568 SF
Highlights
- “Class A” 3-Property Offering with Interstate Visibility in Belden Village – Canton, OH’s #1 Retail Trade Area
- Weighted Average Lease Term (WALT) of 9.5 Years; All Leases have 10-15-Year Initial Terms and at Least Two 5-Year Options
- Prime Frontage to 25,000 VPD on Whipple Avenue NW; Just 0.2-Mile to I-77 Exit Ramps (I-77 Sees 85,500 VPD)
- 2 Single-Tenant Net Leased Buildings + 1 Two- Tenant NNN Strip – Very Little Management Responsibility
- Potential Cap Rate Arbitrage Opportunity via Obtaining Separate Parcelization of Each Property & Executing Individual Dispositions
- New Construction 2-Tenant Strip with 10-Year Leases and 2-Drive Thrus – Farmers National Bank & Caribou Coffee
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