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Family Dollar 970 Copley Rd

10,645 SF Retail Building Akron, OH 44320 $1,755,187 CAD ($165 CAD/SF) 8% Cap Rate

Retail Buildings Ohio Akron 970 Copley Rd, Akron, OH 44320

Investment Highlights

  • Premier Discount Brand | Tenant is a Wholly Owned Subsidiary of Family Dollar Stores, LLC
  • Long-Term Operating History
  • Highly Residential Area with over 7,100 Households Within 1 Mile | Substantial Built-In Customer Base
  • Recently-Extended Lease with Renewal Options | 10% Increases in Each of the Three, 5-Year Renewal Options
  • Hard Corner Site with Excellent Access & Visibility
  • Less Than 3 Miles from Downtown Akron

Executive Summary

The CBRE Net Lease Property Group is pleased to offer for sale the 10,645-square-foot Family Dollar asset situated on 1.25 acres in Akron, Ohio (MSA Population: 647,418). Family Dollar recently exercised its first renewal option, extending the lease through 2029. Family Dollar’s net lease now features ±5.2 years of term remaining with a 10% rent increase in each of the three remaining 5-year renewal options.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,645 SF
Building Class
B
Year Built
1997
Price
$1,755,187 CAD
Price Per SF
$165 CAD
Cap Rate
8%
NOI
$140,416 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Land Acres
1.25 AC
Parking
39 Spaces (3.66 Spaces per 1,000 SF Leased)
Frontage
167 ft on Copley Rd

Amenities

  • Bus Line
  • Signage
  • Signalized Intersection
1 of 1

PROPERTY TAXES

Parcel Number 67-60650 Improvements Assessment $603,499 CAD
Land Assessment $60,220 CAD Total Assessment $663,720 CAD

PROPERTY TAXES

Parcel Number
67-60650
Land Assessment
$60,220 CAD
Improvements Assessment
$603,499 CAD
Total Assessment
$663,720 CAD
  • Thomas Carr
    Thomas Carr
  • Eric Dyer
    Eric Dyer
  • Brian Pfohl
    Brian Pfohl
  • Kaitlyn Wolf
    Kaitlyn Wolf
  • Christopher Bosworth
    Christopher Bosworth
  • Kevin Moss
    Power Broker Kevin Moss
(404) 812-5101

  • Listing ID: 33758203

  • Date on Market: 2024-11-05

  • Last Updated:

  • Address: 970 Copley Rd, Akron, OH 44320

The Retail Property at 970 Copley Rd, Akron, OH 44320 is currently available For Sale. Contact CBRE for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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970 Copley Rd, Akron, OH for sale Building Photo- Image 1 of 5
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970 Copley Rd, Akron, OH for sale Building Photo- Image 2 of 5
Family Dollar Akron - Aerial & Stats
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The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

Family Dollar | 970 Copley Rd
(404) 812-5101 x

Family Dollar | 970 Copley Rd

1/6

Thomas Carr

(404) 812-5101

(404) 812-5101

Eric Dyer

(404) 504-7900

(404) 504-7900

Brian Pfohl

(404) 504-7900

(404) 504-7900

Kaitlyn Wolf

(404) 812-5299

(404) 812-5299

Christopher Bosworth

(404) 923-1486

(404) 923-1486

Kevin Moss

(216) 577-1517

(216) 577-1517

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