1230 Wooster Rd W
Barberton, OH 44203
Retail Property For Sale

Family Dollar Shops is an 11,876-square-foot retail strip center located along Wooster Road West, a heavily traveled commercial corridor in Barberton, Ohio, with direct access to residential neighborhoods, schools, and community amenities. The property provides investors with immediate in-place cash flow backed by a corporate-guaranteed Family Dollar lease while also offering clear upside through repositioning of the secondary tenancy. At a purchase price of $722,422, the asset is offered at a 9.25% capitalization rate with current NOI of $66,824, equating to a highly attractive $60.84 per square foot basis that sits well below replacement cost and mitigates long-term downside risk. Anchored by Family Dollar, which has operated at this location since 2006, the center benefits from the stability of a national credit tenant that contributes nearly 75% of gross leasable area. The store’s 10% rental increases in renewal options provide structured growth potential, and its long-term occupancy demonstrates a strong commitment to the site. The balance of the property is leased to Attic Collectibles, a locally owned retailer operating on a month-to-month basis at approximately 50% below market rent. By repositioning this 3,000-square-foot space, a buyer can unlock significant upside in gross rental income, with the potential to double or triple revenue from this suite upon re-tenanting or lease restructuring. Situated on 2.68 acres with 50 parking spaces and direct frontage to over 16,000 vehicles per day, the property enjoys strong visibility and accessibility. Within a five-mile radius, the population exceeds 78,000 with average household incomes above $75,000, reinforcing ongoing tenant demand. Under proposed financing, the asset produces double-digit cash-on-cash returns from day one, with pro forma metrics pushing close to 16% through mark-to-market of the Attic Collectibles space. In aggregate, Family Dollar Shops combines the stability of a corporate-guaranteed anchor tenant with meaningful upside in its secondary suite, positioning it as a compelling opportunity for investors seeking yield, growth, and value creation in Northeast Ohio.