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2249 State Rd
Cuyahoga Falls, OH 44223
Advanced Auto Parts: Cuyahoga Falls, OH · Retail Property For Sale
Investment Highlights
- 6,796-square-foot Advance Auto Parts store built in 2004 on 0.68 acres in Cuyahoga Falls, Ohio (Akron MSA)
- Advance Auto Parts has been at this location since 2004, boasting a long-term operating history of 20+ years.
- Advance Auto Parts benefits from strong demographics with a population of 85,860 and an average household income of $83,380 within a 3-mile radius.
- 8.3 years of term remaining, with a $1.00 per-square-foot increase in each of the three 5-year renewal options.
- Advance Auto Parts is situated on a hard corner at the signalized intersection of North Haven Boulevard and State Road (16,576 VPD)
- There are 7.4 MSF of retail, 2.1 MSF of office, 8.6 MSF of industrial, and 9,825 multifamily units within a 3-mile radius.
Executive Summary
CBRE is pleased to offer a 6,796-square-foot Advance Auto Parts store built in 2004 on 0.68 acres in Cuyahoga Falls, Ohio (Akron MSA). Originally set to expire in 2019, Advance Auto Parts’ net lease has been extended twice, demonstrating its commitment to the location. Most recently, the lease was extended early for an additional 8 years through 2034 and now features ±8.3 years of term remaining with a $1.00 PSF increase in each of the three 5-year renewal options.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
6,796 SF
Building Class
B
Year Built
2004
Price
$1,462,125
Price Per SF
$215.14
Cap Rate
8%
NOI
$116,970
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.23
Lot Size
0.68 AC
Zoning
C - Commercial
Parking
33 Spaces (4.86 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
Property Taxes
| Parcel Number | 02-20024 | Improvements Assessment | $137,890 |
| Land Assessment | $98,406 | Total Assessment | $236,296 |
Property Taxes
Parcel Number
02-20024
Land Assessment
$98,406
Improvements Assessment
$137,890
Total Assessment
$236,296
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