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2859 - 2875 Whipple Ave NW
Canton, OH 44708
Grocery Shadow Assumable Debt Avail 8.25% CAP · Retail Property For Sale
Investment Highlights
- • 88% Occupied, Grocery Shadow Anchored Offering with Low Sales Price of $80/S.F., Far Below Replacement Cost with Additional Upside Through Lease-Up
- • Long-Term Tenants In Place: Recent Extensions, Executions & Expansions Proving Commitment and Success at the Location: Excellent Leasing Traction
- • Centered in Heart of Some of Canton’s Most Established Neighborhoods: Great Demographics: 173k People 5-Mile Radius & Average Income $77k in 1 Mile
- • Two Purchase Options: New Financing OR with Assumable Debt at a 4.70% Interest Rate, Approx. 5.5 Years of Term Remaining
- • Shadow Anchored by Acme Fresh Market: Owns Their Store & Recently Finished a $5 Million Complete Interior/Exterior Renovation w/ 20k S.F. Expansion
- • Early Extensions and Expansions in the Works for 2 Largest Tenants ( Not reflected in Current Offering Materials!!)
Property Facts
Property Type
Retail
Property Subtype
Building Size
43,000 SF
Building Class
C
Year Built/Renovated
1970/2001
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
4.43 AC
Zoning
Commercial - Shopping Center
Amenities
- Signage
Property Taxes
| Parcel Number | 01702589 | Improvements Assessment | $1,461,180 |
| Land Assessment | $260,820 | Total Assessment | $1,722,000 |
Property Taxes
Parcel Number
01702589
Land Assessment
$260,820
Improvements Assessment
$1,461,180
Total Assessment
$1,722,000
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