S&P "A" Rated Publicly Traded Charles Schwab | 4141 Heritage Center Dr
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S&P "A" Rated Publicly Traded Charles Schwab 4141 Heritage Center Dr
5,000 SF Retail Building Copley, OH 44321 $7,264,534 CAD ($1,453 CAD/SF) 5.25% Cap Rate
Investment Highlights
- High Investment Grade Offering: Corporate, Build-to-Suit, Single-Tenant, Publicly Traded Charles Schwab Inv. Bank (NYSE: SCHW/S&P “A”/Moody’s “A2")
- Dynamic Demographics with Unbelievably High Average Household Incomes of Over $205,000 Within a 1-Mile Radius and Over 55,000 People in 5-Mile Radius
- Charles Schwab Reports $9.92 Trillion in Client Assets, 36 Million Active Brokerage Accounts, 5.48 Million Daily Avg Trades & 2 Million Bank Account
- New NNN Lease with 14 Years of Term Remaining (No Early Termination Rights) and 10% Rental Increases in 2028 and 2033
- Modern Construction on Oversized 1.16-Acre Lot , Highly Visible Elevated Location, Prominent Monument Signage and 20-Year Transferrable Roof Warranty
- Heart of the Retail Corridor: Signalized Location Off Medina Road (Over 44,000 VPD) with Direct Access to I-77 (Less Than 0.5 Miles) with 111,770 VP
Executive Summary
• High Investment Grade Offering: Corporate, Build-to-Suit, Single-Tenant, Publicly Traded Charles Schwab Investment Banking Office (NYSE: SCHW/S&P “A”/Moody’s
“A2”)
• New NNN Lease with 14 Years of Term Remaining (No Early Termination Rights) and 10% Rental Increases in 2028 and 2033
• Dynamic Demographics with Unbelievably High Average Household Incomes of Over $205,000 Within a 1-Mile Radius and Over 55,000 People in a 5-Mile Radius
• Modern Construction on Oversized 1.16-Acre Lot with Highly Visible Elevated Location, Prominent Monument Signage and 20-Year Transferrable Roof Warranty
• Strong Tenancy: Charles Schwab Reports $9.92 Trillion in Client Assets, 36 Million Active Brokerage Accounts, 5.48 Million Daily Average Trades and 2 Million Banking
Accounts
• Signalized Location Off Medina Road (Over 44,000 VPD) with Direct Access to I-77 (Less Than 0.5 Miles) with 111,770 VPD
• Heart of the Retail Corridor Surrounded by Amenities: 17 Hotels, Over 50 Restaurants, an Upscale Mall and Loads of Other Complimentary Users
• Positioned Directly Across from World-Renowned Cleveland Clinic’s Surgery Center at Akron General Health & Wellness (12 Operating Rooms and 2,600 Employees)
• Growing Community: Next to Newer Orange Theory Fitness, Brew Wall and VIO Med Spa Anchored Center, As Well As Brand-New Construction Primrose Daycare Center
(Opening Soon) and Vitalia Montrose Active Senior Living Villas
• Across from Well-Known, Expertly Manicured Embassy Parkway Office and Medical Corridor: Crystal Clinic (750+ Employees in Multiple Hospital/Office Locations), Risk
International Headquarters, Primeline Industries, CBIZ, and Many Other Attractive Office Buildings with High Occupancy Rates (Average 92%)
• Robust Akron/Copley Employment Base: Goodyear Tires (NASDAQ: GT, 3,000 Employees), The University of Akron (9 Miles, 26,000 Students, 2,600 Employees), Fortune
500, FirstEnergy (2,500 Employees), Signet (NYSE: SIG, Kay Jewelers/Jared Jewelers, 2,870 Employees) and Spectrum (2,095 Employees)
• Desirable Suburban Community with Highly Regarded Public School System
• Strategic Location Between Akron and Cleveland: Short 15 Minute Commute to Downtown Akron and 25 Minute Commute to Downtown Cleveland (27 Miles to Cleveland
Hopkins International Airport and 25 Miles to Akron-Canton Airport)
“A2”)
• New NNN Lease with 14 Years of Term Remaining (No Early Termination Rights) and 10% Rental Increases in 2028 and 2033
• Dynamic Demographics with Unbelievably High Average Household Incomes of Over $205,000 Within a 1-Mile Radius and Over 55,000 People in a 5-Mile Radius
• Modern Construction on Oversized 1.16-Acre Lot with Highly Visible Elevated Location, Prominent Monument Signage and 20-Year Transferrable Roof Warranty
• Strong Tenancy: Charles Schwab Reports $9.92 Trillion in Client Assets, 36 Million Active Brokerage Accounts, 5.48 Million Daily Average Trades and 2 Million Banking
Accounts
• Signalized Location Off Medina Road (Over 44,000 VPD) with Direct Access to I-77 (Less Than 0.5 Miles) with 111,770 VPD
• Heart of the Retail Corridor Surrounded by Amenities: 17 Hotels, Over 50 Restaurants, an Upscale Mall and Loads of Other Complimentary Users
• Positioned Directly Across from World-Renowned Cleveland Clinic’s Surgery Center at Akron General Health & Wellness (12 Operating Rooms and 2,600 Employees)
• Growing Community: Next to Newer Orange Theory Fitness, Brew Wall and VIO Med Spa Anchored Center, As Well As Brand-New Construction Primrose Daycare Center
(Opening Soon) and Vitalia Montrose Active Senior Living Villas
• Across from Well-Known, Expertly Manicured Embassy Parkway Office and Medical Corridor: Crystal Clinic (750+ Employees in Multiple Hospital/Office Locations), Risk
International Headquarters, Primeline Industries, CBIZ, and Many Other Attractive Office Buildings with High Occupancy Rates (Average 92%)
• Robust Akron/Copley Employment Base: Goodyear Tires (NASDAQ: GT, 3,000 Employees), The University of Akron (9 Miles, 26,000 Students, 2,600 Employees), Fortune
500, FirstEnergy (2,500 Employees), Signet (NYSE: SIG, Kay Jewelers/Jared Jewelers, 2,870 Employees) and Spectrum (2,095 Employees)
• Desirable Suburban Community with Highly Regarded Public School System
• Strategic Location Between Akron and Cleveland: Short 15 Minute Commute to Downtown Akron and 25 Minute Commute to Downtown Cleveland (27 Miles to Cleveland
Hopkins International Airport and 25 Miles to Akron-Canton Airport)
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
5,000 SF
Building Class
B
Year Built
2023
Price
$7,264,534 CAD
Price Per SF
$1,453 CAD
Cap Rate
5.25%
NOI
$381,111 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Land Acres
1.16 AC
Parking
8 Spaces (1.6 Spaces per 1,000 SF Leased)
Amenities
- Banking
- Conferencing Facility
- Fenced Lot
- Signage
- Skylights
- Wheelchair Accessible
- Monument Signage
- Air Conditioning
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Charles Schwab (S&P "A"/Moodys "A2")
- -
- 5,000 SF
- -
- Net
- Sep 2038
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Charles Schwab (S&P "A"/Moodys "A2") | - | 5,000 SF | - | Net | Sep 2038 |
Nearby Major Retailers
-
Power Broker Daniel Cooper -
Cooper Commercial Investment Group
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S&P "A" Rated Publicly Traded Charles Schwab | 4141 Heritage Center Dr
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