970 Copley Rd - Freestanding FOR SALE


Akron, OH 44320- West Akron
$1,248,000 USD
703-477-1315
970 Copley Rd, Akron, OH for Sale
$1,248,000 USD
Freestanding - FOR SALE
1/4
null | 8% Cap Rate

970 Copley Rd
Akron, OH 44320
West Akron


HIGHLIGHTS

  • Premier Discount Brand | Tenant is a Wholly Owned Subsidiary of Family Dollar Stores, LLC
  • Recently-Extended Lease with Renewal Options | 10% Increases in Each of the Three, 5-Year Renewal Options
  • Long-Term Operating History
  • Hard Corner Site with Excellent Access & Visibility
  • Highly Residential Area with over 7,100 Households Within 1 Mile | Substantial Built-In Customer Base
  • Less Than 3 Miles from Downtown Akron

OVERVIEW

The CBRE Net Lease Property Group is pleased to offer for sale the 10,645-square-foot Family Dollar asset situated on 1.25 acres in Akron, Ohio (MSA Population: 647,418). Family Dollar recently exercised its first renewal option, extending the lease through 2029. Family Dollar’s net lease now features ±4.9 years of term remaining with a 10% rent increase in each of the three remaining 5-year renewal options.

FOR SALE DETAILS

PRICE

$1,248,000 USD

PRICE/SF

$117 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

39

LAND DETAILS

LAND ACRES

1.25 AC

LAND SF

54,450 SF

ZONING

-

APN/PARCEL ID

67-60650

ASK ABOUT THIS PROPERTY

Thomas CarrCBREMore Info
703-477-1315

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Thomas CarrCBREMore Info
703-477-1315

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