Whipple Belden Plaza

16,413 SF | 100% Leased | Retail Building | Canton, OH 44718 | $2,402,000 ($146/SF) | 8% Cap Rate

Date Added:
May 17, 2024
Days on Market:
28 days

Asking Price $2,402,000

Property Type
Retail
Square Feet
16,413 SF
Price / Square Foot
$146

Listing Contacts

Scott Wiles
Scott Wiles
Verified Profile
Erin Patton
Erin Patton
Verified Profile
  • Property Info

Property Details

Class
B
Year Built
1980
Stories
1
Property Subtype
Freestanding, Storefront
Lot Size (sq. ft)
48,352 SF

Highlights

  • 100% Occupied, 16,413 SF Strip Center Located in Belden Village – Canton, OH’s #1 Retail Trade Area
  • Located in the Heart of the Belden Village Trade Area with 7.2 Million SF of Retail Leased to 98% Occupancy
  • 42,320 VPD Hard Corner Location at Intersection of Belden Village Street NW and Whipple Ave NW
  • Ease of Management with Only 5 Tenants – 8.73% Cap Rate (+73 bps) on In-Place Rent Roll if Self-Managed w/o Vacancy Allowance
  • Minimal Near-Term Rollover – 75% of GLA (3 of 5 Tenants) Leased into 2030 or Longer; No Rollover Until End of 2026
  • Ancillary Income from Rooftop Billboard (Clear Channel) and Pylon Sign (Knights Inn)

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