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First Merit Bank at Akron 1411 S Arlington Rd 3,200 SF Retail Building Akron, OH 44306 $1,529,000 ($477.81/SF) 6.60% Cap Rate
Executive Summary
Cushman & Wakefield is pleased to present the opportunity to purchase an Absolute NNN Huntington Bank (the “Property”) in Akron, Ohio. The tenant has recently reaffirmed its long-term commitment by executing a 5-year lease extension, securing occupancy through December 31, 2031. This proactive renewal underscores the stability and reliability of the asset. The Property enjoys outstanding access and visibility at a signalized intersection along S Arlington Road which sees nearly 13,400 VPD. The property is being offered for $1,529,000 which equates to a 6.60% cap rate on current rent.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
3,200 SF
Building Class
C
Year Built
1997
Price
$1,529,000
Price Per SF
$477.81
Cap Rate
6.60%
NOI
$100,914
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.86 AC
Opportunity Zone
Yes
Zoning
CB, Akron
Parking
36 Spaces (11.25 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
- Drive Thru
Walk Score®
Very Walkable (77)
Nearby Major Retailers
Property Taxes
| Parcel Number | 67-57534 | Improvements Assessment | $158,466 |
| Land Assessment | $39,284 | Total Assessment | $197,750 |
Property Taxes
Parcel Number
67-57534
Land Assessment
$39,284
Improvements Assessment
$158,466
Total Assessment
$197,750
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First Merit Bank at Akron | 1411 S Arlington Rd
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