2249 State Rd - Freestanding FOR SALE


Cuyahoga Falls, OH 44223
$1,671,000 USD
404-441-3849
2249 State Rd, Cuyahoga Falls, OH for Sale
$1,671,000 USD
Freestanding - FOR SALE
1/6
null | 7% Cap Rate

2249 State Rd
Cuyahoga Falls, OH 44223


HIGHLIGHTS

  • Recently-Extended Net Lease with Renewal Options | $1.00 PSF Rent Increase in Each Option
  • Long Term Operating History of 19 Years
  • Hard Corner Signalized Intersection Location | North Haven Blvd & State Road (16,576 VPD) | Less Than 2 Miles from OH-8 (90,633)
  • 7.4 MSF Retail, 2.1 MSF Office, 8.6 MSF Industrial & 9,825 Multifamily Units Within a 3-Mile Radius
  • Substantial Built-In Customer Base | Surrounded by Over 5,800 Households Within a 1-Mile Radius
  • Less Than 5 Miles North of Dowtown Akron | Akron, OH MSA Population (697,418)

OVERVIEW

The CBRE Net Lease Property Group is pleased to announce for sale the 6,796-square-foot Advance Auto Parts situated on 0.68 acres in Cuyahoga Falls, Ohio — part of the Akron, OH MSA (MSA Population: 697,418). Originally set to expire in 2019, Advance Auto Parts’ net lease has been extended twice, demonstrating its commitment to the location. Most recently, the lease was extended early for an additional 8 years through 2034 and now features ±10.0 years of term remaining with a $1.00 PSF increase in each of the three 5-year renewal options.

FOR SALE DETAILS

PRICE

$1,671,000 USD

PRICE/SF

$246 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Advance Auto Parts: Cuyahoga Falls, OH

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

33

LAND DETAILS

LAND ACRES

0.68 AC

LAND SF

29,621 SF

ZONING

-

APN/PARCEL ID

02-20024

ASK ABOUT THIS PROPERTY

Christopher BosworthCBRE, Inc.More Info
404-441-3849

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Christopher BosworthCBRE, Inc.More Info
404-441-3849

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.