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Credit Anchored Ctr. w/ Big Upside | 7.5% CAP 11734-11740 South Ave 23,616 SF 100% Leased Retail Building North Lima, OH 44452 $3,224,848 CAD ($136.55 CAD/SF) 7.50% Cap Rate



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
• 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
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
| Parcel Number | 05-004-0-055.00-0 | Improvements Assessment | $355,002 CAD (2025) |
| Land Assessment | $74,725 CAD (2025) | Total Assessment | $429,727 CAD (2025) |
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)
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Credit Anchored Ctr. w/ Big Upside | 7.5% CAP | 11734-11740 South Ave
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