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- LoopNet Team
2955 E State St
Salem, OH 44460
Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Signage
ABOUT 2955 E STATE ST , SALEM, OH 44460
The Cooper Commercial Investment Group has been exclusively retained by ownership to sell the 100% fee simple interest in the Walmart Supercenter Shadow Anchored Salem Marketplace in Salem, Ohio. The property is being offered for $2,275,000, representing an 8.20% CAP Rate. The center also sits directly across from a high-traffic Home Depot and is positioned along Main Street, the main retail corridor throughout the city. Salem Marketplace boasts well-known tenants, many on Triple Net (NNN) lease structures, including: Best Cuts (NYSE: “RGS”), Sally Beauty Supply (NYSE: “SBH”/S&P “BB+”), GameStop (NYSE: “GME”), Little Caesar's, Boost Mobile, Hibachi Express, Burrito Loco and Drayer Physical Therapy. The 100% occupied center has had excellent leasing traction and now with tenured and new tenants, the rent roll benefits from staggered lease expirations. Between the current national tenants, pivotal location in the market and long-term leases in place, this asset is an unbeatable investment.
PROPERTY TAXES
| Parcel Number | 56-017-0-003.03-0 | Improvements Assessment | $504,930 |
| Land Assessment | $164,050 | Total Assessment | $668,980 |
PROPERTY TAXES
