West State Square

Alliance | Ohio

Offering Summary

  • Status: just listed
  • Price: $5,330,000
  • Cap Rate: 7.75%
  • Occupancy: 100%
  • Net Operating Income: $412,942
  • Price/SF: $116
  • Year(s) Built: 2001 & 1997/2020
  • Lot Size (Acres): 7.42
  • Major Tenants: TJ Maxx, Dollar Tree, Sketchers, Sleep Outfitters, Verizon, Sally Beauty Supply
  • 100% Leased, 46,000 SF Strip Center Anchored by TJ Maxx, Dollar Tree, and Skechers
  • Sits Directly in Between Brand New Meijer and Walmart – 3.8M Combined Annual Visits
  • Large Pylon Sign on West State Street which sees over 23,100+ VPD
  • Freestanding Skechers Outlet Building Included in Sale on Large 1.88 Acre Parcel
  • All Tenants on NNN Leases with Limited Landlord Responsibilities
  • Weighted Average Lease Term of 3.92 Years with No Current Vacancy
  • New Roof Over Shop Spaces Summer 2026
  • Walmart Generates 2.6 Million Annual Visits, Ranking in the Top 14% of Stores in Ohio and Top 20% Nationwide
  • 7.42-Acre Site Across Two Parcels with a Favorable Effective Tax Rate of Just 1.36%
  • Strategic Positioning Near University of Mount Union, Alliance Community Hospital, and National Retailers
  • 5-Mile Population of 33,000 with Over $354 Million in Annual Consumer Spending
EXCLUSIVELY LISTED BY:

Erin Patton

Senior Managing Director