Shops at the Centre

Canton, OH

Offering Summary

  • Status: closed
  • Price: $3,555,000
  • CAP Rate: 7.30%
  • GLA: 10,046 SF
  • Net Operating Income: $259,388
  • Price/SF: $353.87
  • Year(s) Built: 2007
  • Lot Size (Acres): 1.79 Acres
  • Lease Type: NNN
  • Major Tenants: Verizon, Penn Station Subs, Cost Cutters, Gamestop, Bright Tiger Dental
  • 100 Percent Occupied, 10,046-Square-Foot Triple-Net Strip Center in Canton, Ohio
  • Shadowed by Walmart Supercenter – Top 10 Percent Location (2.3 Million T12 Visits) in Ohio and Nationally Based on Customer Traffic (Source = Placer.AI)
  • Anchored by National Retailers Verizon and Penn Station Subs on the Endcaps, Six Units Total
  • Five of Six Tenants in Place Since 2008/2009
  • All Tenants are Triple-Net and Reimburse for Taxes, Insurance, Common Area Maintenance, and Pay 10-15 Percent Administrative Fees
  • Offers 9.8 Percent Cash-on-Cash Return and 15.6 Percent Total Return at Proposed Financing Terms
  • Located at the Major Signalized Intersection of Lincoln Highway and Whipple Avenue SW with 41,380 Vehicles per Day
  • Adjacent to Canton Centre Shopping Center with Additional Traffic-Driving Retailers Including JCPenney, Hibbett Sports, Shoe Show, Rainbow, Rue21, Chipotle, Sally Beauty, and Firestone Automotive
EXCLUSIVELY LISTED BY:

Erin Patton

Senior Managing Director