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699-711 Canton Rd 30,847 SF 100% Leased Retail Building Akron, OH 44312 $3,645,002 CAD ($118.16 CAD/SF) 7.50% Cap Rate
Executive Summary
699–711 South Canton Road is a 100% occupied, 31,018-square-foot neighborhood retail center located on 2.09 acres along South Canton Road (SR-91) in Akron’s established Ellet sub-market. Anchored by Discount Drug Mart, the property also features T-Mobile, Buffalo Wild Wings Go, and Liberty Tax, providing a diversified tenant mix and stable cash flow. Drug Mart has occupied the property since 1993 and is leased through March 2035, with four remaining five-year renewal options, providing long-term occupancy potential. With excellent visibility and access, the property benefits from strong surrounding demographics and traffic counts of nearly 19,000 vehicles per day.
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- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
30,847 SF
Building Class
C
Year Built
1993
Price
$3,645,002 CAD
Price Per SF
$118.16 CAD
Cap Rate
7.50%
NOI
$273,374 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.34
Lot Size
2.09 AC
Zoning
U3
Parking
83 Spaces (2.69 Spaces per 1,000 SF Leased)
Frontage
229’ on S Canton Ave
Amenities
- Bus Line
- Signage
- Signalized Intersection
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $662,445 CAD | |
| Land Assessment | $89,781 CAD | Total Assessment | $752,226 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$89,781 CAD
Improvements Assessment
$662,445 CAD
Total Assessment
$752,226 CAD
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699-711 Canton Rd
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