2859 - 2875 Whipple Ave NW - Storefront FOR SALE
Canton, OH 44708 |
2859 - 2875 Whipple Ave NW
Canton, OH 44708
HIGHLIGHTS
- • 88% Occupied, Grocery Shadow Anchored Offering with Low Sales Price of $80/S.F., Far Below Replacement Cost with Additional Upside Through Lease-Up
- • Two Purchase Options: New Financing OR with Assumable Debt at a 4.70% Interest Rate, Approx. 5.5 Years of Term Remaining
- • Long-Term Tenants In Place: Recent Extensions, Executions & Expansions Proving Commitment and Success at the Location: Excellent Leasing Traction
- • Shadow Anchored by Acme Fresh Market: Owns Their Store & Recently Finished a $5 Million Complete Interior/Exterior Renovation w/ 20k S.F. Expansion
- • Centered in Heart of Some of Canton’s Most Established Neighborhoods: Great Demographics: 173k People 5-Mile Radius & Average Income $77k in 1 Mile
- • Early Extensions and Expansions in the Works for 2 Largest Tenants ( Not reflected in Current Offering Materials!!)
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
Grocery Shadow Assumable Debt Avail 8.25% CAP
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
ADD'L SUBTYPES
Supermarket, Medical
TOTAL BUILDING SIZE
43000
STORIES
1
YEAR BUILT
1970
SPRINKLERS
-
PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
01702589
