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2901 - 2905 Whipple Ave
Canton, OH 44708
Grocery Shadow: Assum. Debt Avail.: 8.25% CAP · Retail Property For Sale
Investment Highlights
- 90% Occupied, Grocery Shadow Anchored Offering with Low Sales Price of $80/S.F., Far Below Replacement Cost with Additional Upside Through Lease-Up
- Shadow Anchored by Acme Fresh Market: Owns Their Store & Recently Finished a $5 Million Complete Interior/Exterior Renovation with 20k S.F. Expansion
- Centered in Heart of Some of Canton’s Most Established Neighborhoods | Great Demographics: 173k People in 5-Mile Radius & Avg. Incomes $77k in 1 Mile
- Two Purchase Options: New Financing OR Assumable Debt at 4.70% Interest Rate, Approx. 5.5 Years of Term, 20-Yr. Amor.: Yielding 12.79% Year 1 Return
- Long-Term Tenants In Place: Recent Extensions, Executions and Expansions Proving Commitment and Success at the Location: Excellent Leasing Traction
- High Visibility & Frontage: Positioned Between Heavily Traveled Roadways w/ Convenient Access to I-77 and Route 62 (High Traffic Count 32k VPD)
Property Facts
Property Type
Retail
Property Subtype
Building Size
78,010 SF
Building Class
C
Year Built
1970
Percent Leased
95%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
5 Exterior
Building FAR
0.16
Lot Size
11.29 AC
Zoning
B-3 - Shopping Center
Parking
415 Spaces (7.05 Spaces per 1,000 SF Leased)
Frontage
846’ on Whipple Ave Ave
Amenities
- Banking
- Bus Line
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Restaurant
- Signage
Property Taxes
| Parcel Number | 10002210 | Improvements Assessment | $2,217,740 |
| Land Assessment | $606,730 | Total Assessment | $2,824,470 |
Property Taxes
Parcel Number
10002210
Land Assessment
$606,730
Improvements Assessment
$2,217,740
Total Assessment
$2,824,470
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