2304 Tuscarawas St, Canton, OH 44708
1,805 SF | Retail Building | Canton, OH 44708 | $1,285,714 ($712/SF) | 5.25% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,285,714
- Property Type
-
Retail
- Square Feet
- 1,805 SF
- Price / Square Foot
- $712
Listing Contacts
Anthony Maronitis
Verified Profile
Chris Howard
Verified Profile
- Property Info
Property Overview
This modern 1,805 SF freestanding building, constructed in 2021, offers prime retail space with a 20-year corporate absolute NNN ground lease starting 11/23/2019. Rent starting 12/01/2024 being $67,500. Notable features include an 8% rent increase every five years and four five-year renewal options. The tenant has the option to terminate the lease after the 11th year with a two-year rent payment. Zoned Commercial (B-3 General Business) and equipped with 20 parking spaces, this property could produce steady income and long-term growth for investors.
Property Details
- Class
- B
- Year Built
- 2019
- Stories
- 1
- Lot Size (sq. ft)
- 23,522 SF
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