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2501 S Arlington Rd 10,640 SF Retail Building Akron, OH 44319 $1,700,400 ($159.81/SF) 6.75% Cap Rate
Investment Highlights
- Corporately guaranteed by Dollar General Corp with investment-grade BBB credit rating (S&P)
- Constructed in 2016; ±10,640 SF modern prototype on ±1.32-acre lot
- 5-mile population of 142,445 with 3-mile avg household income of $85,777
- Absolute NNN lease — tenant pays 100% of taxes, insurance, and maintenance
- 10% rent escalations at each of four 5-year renewal options
- Located along I-77 corridor with ±123,894 vehicles per day
Executive Summary
Broker Of Record
Matt Wallace
Matthews Real Estate Investment Services, Inc
BRKP.2024002419, REC.2022007141 (OH)
950 Main Ave., Suite 510, Cleveland, OH 44113 (866) 889-0550
Matt Wallace
Matthews Real Estate Investment Services, Inc
BRKP.2024002419, REC.2022007141 (OH)
950 Main Ave., Suite 510, Cleveland, OH 44113 (866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,640 SF
Building Class
B
Year Built
2016
Price
$1,700,400
Price Per SF
$159.81
Cap Rate
6.75%
NOI
$114,775
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.32 AC
Parking
35 Spaces (3.29 Spaces per 1,000 SF Leased)
Frontage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
Dollar General began in 1939 as J.L. Turner and Son Wholesale Company, a dry-goods business created by J.L. Turner and Cal Turner. The company later evolved into a discount retailer and now focuses on everyday essentials, including food, health and wellness products, cleaning and laundry supplies, self-care and beauty items, and seasonal décor, alongside private brands and well-known national brands. Dollar General also operates DG Market, DGX, and pOpshelf formats in the United States and Mi Súper Dollar General stores in Mexico, while continuing to build a broad convenience-oriented general merchandise business.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 51-10942 | Improvements Assessment | $743,869 |
| Land Assessment | $39,176 | Total Assessment | $783,045 |
Property Taxes
Parcel Number
51-10942
Land Assessment
$39,176
Improvements Assessment
$743,869
Total Assessment
$783,045
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