At Home Plaza

North Canton | Ohio

Offering Summary

  • Status: price reduced
  • Price: $10,425,000
  • CAP Rate: 8.75%
  • GLA: 101,779 SF
  • Price/SF: $102
  • Year(s) Built: 2000
  • Year(s) Renovated: 2017-2019
  • Lot Size (Acres): 6.57
  • Major Tenants: At Home, Pet Supplies Plus, Salon Lofts
  • 100% Occupied, 101,779 SF At Home-Anchored 3-Tenant NNN Retail Center in North Canton, OH
  • 6+ Years Remaining on 10-Year NNN Lease with At Home Comprising 88.7% of GLA & 82.3% of Gross Rent Income
  • Offered Free & Clear of Debt Allowing Prospective Purchaser to Secure New Financing According to Investment Strategy
  • Entire Center Renovated from 2017-2019 with Approx. 67,500 SF of New GLA Built (66% of Center) – Approx. $6.5 Million in Capital Improvements
  • Renovations Included New Façade, Tenant Build-Outs, HVAC, Signage, Parking Lot, LED Parking Lot Lighting, and New TPO & EPDM Roofs on Most of Center
  • No Near-Term Rollover Risk – No Lease Rollover Until 2027
  • Strong Shop Tenants: Pet Supplies Plus In-Place Since 1990, Relocated to Newly Constructed Endcap Unit & Extended Lease Thru October 2027; New 11-Year NNN Lease with Salon Lofts in 2017
  • Rapidly Growing Anchor with Strong Market Positioning in the Home Decor Segment,: At Home has 260+ Stores in 40 States
  • Ranked Top 20% (80th Percentile) Nationally Amongst Chain; Top 17% (83rd Percentile) within Ohio
  • At Home was Taken Private in a $2.8B Transaction in 2021; Owned by Hellman & Friedman – Prominent PE Firm with $80B AUM and Other Well-Known Portfolio Companies Including Caliber Collision, Medline, SimpliSafe, ZenDesk, and More
  • Strong Traffic Counts: 26,000 Cars/Day on Portage St NW, 42,000 Cars/Day at Intersection of Portage St NW & Frank Ave NW
  • Part of the Belden Village Trade Area with Over 6.5 Million SF of Retail Leased to 97% Occupancy – Regional Mall & Big-Box Retail Anchored Area, #1 Shopping Destination in Stark County
  • Located Across the Street from a New Costco-Anchored Development – 160,000 SF Store Opening in August 2023; Only Costco in Stark County 0.3-Mile from Interstate 77 Exit Ramps with 88,000 Cars/Day
  • Dense Middle-Income Demographics: 39,965 Residents in 3-Mi & 112,805 Residents in 5-Mi; Average Household Income of $90-$98k within 1-, 3- & 5-Mi Radii
  • Shadowed by Top performing Sam’s Club within Ohio (98% Nationally), Top performing Home Depot in Ohio (81% Nationally), & 2nd Top performing BJ’s in Ohio – All Drive Additional Traffic to the Immediate Trade Area (Source:
  • Part of the Canton-Massillon MSA with a Population of 400,000; Part of the Larger Cleveland-Akron-Canton CSA which is Home to a Population of Over 3.5 Million

Erin Patton

Senior Managing Director