Family Dollar 1750 S Main St 14,136 SF Retail Building Akron, OH 44301 $755,556 ($53.45/SF) 9% Cap Rate
INVESTMENT HIGHLIGHTS
- ±4.75-Years remaining on a recently extended lease
- Four, 3-Year renewal options remaining; all of which include a 7% rental increase
- Family Dollar has successfully operated at this location since 2002, a 20 year operating history which further proves their success
- Early lease renewals prove the tenants commitment to the location and market
- The subject property is strategically located in a dense retail corridor; nearby traffic generations include Bridgestone Americas Tech
- Traffic counts on Main St exceed ±19,000 vehicles daily
EXECUTIVE SUMMARY
Broker of Record
Kyle Matthews
License No. REC.2022007141 (OH)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
950 Main Ave.,
Suite 510, Cleveland, OH 44113
Kyle Matthews
License No. REC.2022007141 (OH)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
950 Main Ave.,
Suite 510, Cleveland, OH 44113
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
14,136 SF
Building Class
B
Year Built
1946
Price
$755,556
Price Per SF
$53.45
Cap Rate
9%
NOI
$68,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.42
Lot Size
0.77 AC
Opportunity Zone
Yes
Zoning
Commercial - commercial
Parking
25 Spaces (1.77 Spaces per 1,000 SF Leased)
Frontage
204’ on S Main St
AMENITIES
- Signage
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 67-22282 | Improvements Assessment | $299,338 |
| Land Assessment | $47,163 | Total Assessment | $346,501 |
