Jersey Mike’s & Dave’s Hot Chicken Strip

North Canton | OH

Jersey Mike’s & Dave’s Hot Chicken Strip

5440-5448 Whipple Ave NW, Canton, OH 44718

Offering Summary

  • Status: accepted offer
  • Price: $2,420,000
  • CAP Rate: 6.50%
  • GLA: 4,428 SF
  • Net Operating Income: $157,256
  • Price/SF: $547
  • Year(s) Built: 2017
  • Lot Size (Acres): 0.59
  • Major Tenants: Dave's Hot Chicken, Jersey Mike's Subs
  • 100% Occupied Two-Tenant NNN Outparcel Retail Strip | 2017 Class “A” Construction
  • Strategically Positioned As An Outparcel To Venue At Belden | Regional Lifestyle Center Generating Approximately 2.3 Million Annual Visits
  • Major Intersection, Highway-Adjacent Strip Center Located in the Heart of the Belden Village Trade Area with 7.2 Million SF of Retail Leased to 98% Occupancy
  • Excellent Visibility & Access Along Whipple Avenue NW | Five-Lane Retail Corridor With 22,353 Vehicles Per Day
  • New 5.5-Year Lease Executed With Dave’s Hot Chicken Franchisee In December 2024 | Demonstrates Continued Tenant Demand Within The Trade Area
  • Former Restaurant Space Immediately Backfilled Following Tenant Closure | New Lease Signed At $35/SF NNN
  • 40% Increase In Base Rent From Prior Tenant | $10/SF Rental Premium Achieved On Replacement Lease
  • Original 10-Year Lease With Jersey Mike’s Subs Executed In 2017 | Over 5 Years Remaining In Current Term
  • Jersey Mike’s Exercised 1st Option Early in Exchange for Additional Option – No change to Scheduled Rent Confirming Strong Commitment to the Location
  • Both Tenant Spaces Feature Outdoor Patio Seating | Enhances Customer Experience For Fast-Casual Dining Concepts
  • Positioned Within High-Performing Retail Node Surrounding Belden Village Mall | National Retailers Including Target, Costco, Best Buy, & Dick’s Sporting Goods
  • Located at the Hard Corner of Whipple Ave NW & Everhard Rd NW with a Combined 44,495 VPD at the Intersection; Ingress/Egress and Pylon Signage to Both Streets
  • Just 0.1-Mi from I-77 Exit Ramps; I-77 Sees 97,830 VPD
  • Strong Regional Accessibility | Immediate Access To I-77 & Everhard Road Retail Corridors Serving Greater Canton Trade Area
  • Dense Middle-Income Demographics: 57,842/3-Mi & 155,377/5-Mi Population Counts Residents in 5-Mi; AHHI of $85-92K in 1/3/5-Mi Radius Rings
  • 0.3-Mile from Pacific Retail-owned Belden Village Mall with 5.7M Visits Annually and Amongst a Who’s Who of Major Big-Box & Junior Box Retailers
  • 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
EXCLUSIVELY LISTED BY:

Erin Patton

Senior Managing Director