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Family Dollar 1750 S Main St 14,136 SF Retail Building Akron, OH 44301 $1,037,922 CAD ($73.42 CAD/SF) 9% Cap Rate
Investment Highlights
- ±4.75-Years remaining on a recently extended lease
- Four, 3-Year renewal options remaining; all of which include a 7% rental increase
- Family Dollar has successfully operated at this location since 2002, a 20 year operating history which further proves their success
- Early lease renewals prove the tenants commitment to the location and market
- The subject property is strategically located in a dense retail corridor; nearby traffic generations include Bridgestone Americas Tech
- Traffic counts on Main St exceed ±19,000 vehicles daily
Executive Summary
Broker of Record
Kyle Matthews
License No. REC.2022007141 (OH)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
950 Main Ave.,
Suite 510, Cleveland, OH 44113
Kyle Matthews
License No. REC.2022007141 (OH)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
950 Main Ave.,
Suite 510, Cleveland, OH 44113
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
14,136 SF
Building Class
C
Year Built
1946
Price
$1,037,922 CAD
Price Per SF
$73.42 CAD
Cap Rate
9%
NOI
$93,413 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.42
Lot Size
0.77 AC
Opportunity Zone
Yes
Zoning
Commercial - commercial
Parking
25 Spaces (1.77 Spaces per 1,000 SF Leased)
Frontage
204’ on S Main St
Amenities
- Signage
- Air Conditioning
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 67-22282 | Improvements Assessment | $409,354 CAD |
| Land Assessment | $64,497 CAD | Total Assessment | $473,851 CAD |
Property Taxes
Parcel Number
67-22282
Land Assessment
$64,497 CAD
Improvements Assessment
$409,354 CAD
Total Assessment
$473,851 CAD
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Family Dollar | 1750 S Main St
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