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Investment Highlights

  • Value-Add Opportunity: Significantly Below Market Rents on One Anchor Tenant in Approximately 50% of Center with No Renewal Options Remaining
  • Successful Tenancy: All Long-Term Tenants Consistently Exercised Renewals & Addl. Potential Major Upside in Converting Modified Gross Leases to NNN
  • Located Within Highly Regarded South Range Local School District (Top Ranked School District by U.S News & World Report)
  • 100% Occupied, Credit Rated Center Anchored by Dollar Tree (NASDAQ: DLTR, Moody’s “Baa2” and S&P “BBB”) at Attractive Low Price Point of $99/S.F.
  • Desirable, Affluent Market: Strategic, High Traffic Location with Average Household Incomes Over $143,000 Within 1-Mile Radius
  • Immaculate Curb Appeal at Signalized Corner Location with Approximately 25,000 Vehicles Per Day and Less than 15 Miles from Downtown Youngstown

Executive Summary

• Value-Add Opportunity: Significantly Below Market Rents on One Anchor Tenant in Approximately 50% of Center with No Renewal Options Remaining
• 100% Occupied, Credit Rated Center Anchored by Dollar Tree (NASDAQ: DLTR, Moody’s “Baa2” and S&P “BBB”) at Attractive Low Price Point of $99/S.F.
• Additional Potential Major Upside Through Converting Modified Gross Leases Into NNN
• Successful Tenancy: All Long-Term Tenants Who Have Consistently Exercised Renewals
• Income Growth Driver: Additional Two LED Billboards Base Rent + Percentage Rent Clause, Located in Community with Ban on Any Future Billboard Competition
• Immaculate Curb Appeal at Signalized Corner Location with Approximately 25,000 Vehicles Per Day and Less than 15 Miles from Downtown Youngstown
• Tremendous Frontage and Visibility with Pylon Signage Sitting on Oversized 2.63 Acre Parcel
• Roof with Transferrable Warranty Until 2032
• Desirable, Affluent Market: Strategic, High Traffic Location with Average Household Incomes Over $143,000 Within 1-Mile Radius
• Surrounded by Major Regional Employers Including Mercy Health, (3 Miles: 800+ employees, 224 beds at St. Elizabeth Boardman Campus) Youngstown State University, and Numerous Manufacturing, Logistics, Retail, and Healthcare Employers Throughout the Mahoning Valley such as Akron Children’s Boardman Campus (5 Miles)
• Located Within Highly Regarded South Range Local School District (Top Ranked School District by U.S News & World Report) and Convenient Access to Youngstown State University (~12,000 Students & ~1,500 Staff/Faculty), Supporting Long-Term Residential Stability and Workforce Development
• Growing Suburban Trade Area with Close Proximity to Youngstown, Boardman, and the Pennsylvania Border, Providing Access to a Broad Regional Consumer Base
• Strategically Positioned Along North Lima’s Primary Commercial Corridor Near Interstate 76, Interstate 80, and Interstate 680, Providing Excellent Regional Accessibility Throughout Northeast Ohio and Western Pennsylvania

Financial Summary (Actual - 2026)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $241,887 $10.28

Financial Summary (Actual - 2026)

Gross Rental Income (CAD)
Annual -
Annual Per SF -
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual -
Annual Per SF -
Net Operating Income (CAD)
Annual $241,887
Annual Per SF $10.28

Property Facts

Sale Type
Investment
Property Type
Retail
Building Size
23,616 SF
Building Class
B
Year Built/Renovated
1980/2018
Price
$3,224,848 CAD
Price Per SF
$136.55 CAD
Cap Rate
7.50%
NOI
$241,887 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
3 Exterior
Building FAR
0.21
Lot Size
2.63 AC
Zoning
G-C
Parking
125 Spaces (5.29 Spaces per 1,000 SF Leased)
Frontage
205’ on South Ave

Amenities

  • Banking
  • Corner Lot
  • Dedicated Turn Lane
  • Pylon Sign
  • Restaurant
  • Signage
  • Signalized Intersection
  • Drive Thru

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Dollar Tree Tree (NASDAQ: DLTR, Moody’s “Baa2” and
  • -
  • 9,108 SF
  • -
  • Sep 2031
  • Huntington Bank (Drive-Up ATM)
  • -
  • -
  • -
  • Aug 2027
  • Lamar Advertising (Billboard)
  • -
  • -
  • -
  • Mar 2044
  • Pizza Joe's
  • -
  • 2,800 SF
  • -
  • Sep 2028
  • Posh Places
  • -
  • 11,708 SF
  • -
  • Aug 2031
Tenant Industry SF Occupied Rent/SF Lease End
Dollar Tree Tree (NASDAQ: DLTR, Moody’s “Baa2” and - 9,108 SF - Sep 2031
Huntington Bank (Drive-Up ATM) - - - Aug 2027
Lamar Advertising (Billboard) - - - Mar 2044
Pizza Joe's - 2,800 SF - Sep 2028
Posh Places - 11,708 SF - Aug 2031
Somewhat walkable
20/100
Exceptionally drivable
100/100
Not bikeable
10/100

Property Taxes

Property Taxes

Parcel Number
05-004-0-055.00-0
Land Assessment
$74,725 CAD (2025)
Improvements Assessment
$355,002 CAD (2025)
Total Assessment
$429,727 CAD (2025)
  • Listing ID: 40680012

  • Date on Market: 2026-05-27

  • Last Updated:

  • Address: 11734-11740 South Ave, North Lima, OH 44452

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