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468 E Exchange St 2,461 SF of Retail Space Available in Akron, OH 44304
Highlights
- 2,461 SF First-Floor Retail Space Available | ±0.5-Acre Site With Redevelopment Potential
- Commercial Zoning Allows For Flexible Retail & QSR Uses
- Over 20,000 Vehicles Per Day On E. Exchange Street
- Signalized Hard Corner At Entrance To University of Akron
- Layout Suitable For Conversion To Drive-Thru Concept
- Strong Daytime Population & Built-In University Demand
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,461 SF | Negotiable | $20.59 CAD/SF/YR $1.72 CAD/SF/MO $50,665 CAD/YR $4,222 CAD/MO | Triple Net (NNN) |
1st Floor
This Akron property offers 2,461 SF of first-floor retail space for lease at $15.00/SF NNN, positioned on a highly visible, signalized hard corner at the entrance to the University of Akron. The site benefits from strong traffic counts along E. Exchange Street (20,000+ VPD), immediate access to State Route 8 (0.1 miles), and proximity to major traffic drivers including InfoCision Stadium directly across the street. With approximately 55 parking spaces, the space is well-suited for retail or commercial users. Situated on a ±0.5-acre parcel, this property also presents a redevelopment ground lease opportunity.
- Lease rate does not include utilities, property expenses or building services
- Corner Space
- 2,461 SF First-Floor Retail Space Available
- Lease Rate: $15.00/SF NNN
- Prominent Corner Storefront With Strong Visibility
- Exposure To Student, Commuter, & Event Traffic
- Directly Across From InfoCision Stadium
- Approximately 55 On-Site Parking Spaces
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 2,461 SF | Gross Leasable Area | 4,922 SF |
| Property Type | Retail | Year Built | 1930 |
| Property Subtype | Storefront Retail/Office | Parking Ratio | 11.17/1,000 SF |
| Total Space Available | 2,461 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 4,922 SF |
| Year Built | 1930 |
| Parking Ratio | 11.17/1,000 SF |
About the Property
This Akron property offers 2,461 SF of first-floor retail space for lease at $15.00/SF NNN, positioned on a highly visible, signalized hard corner at the entrance to the University of Akron. The site benefits from strong traffic counts along E. Exchange Street (20,000+ VPD), immediate access to State Route 8 (0.1 miles), and proximity to major traffic drivers including InfoCision Stadium directly across the street. With approximately 55 parking spaces, the space is well-suited for retail or commercial users. Situated on a ±0.5-acre parcel, this property also presents a redevelopment ground lease opportunity.Situated on a ±0.5-acre parcel, this property also presents a redevelopment ground lease opportunity.
- Bus Line
- Signage
- Signalized Intersection
Nearby Major Retailers
Presented by
468 E Exchange St
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