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27627765
27627764

1750 S Main St, Akron, OH 44301 For Sale

JB
TX 688810
Matthews
BB
TX 701324
Matthews
Listed by Matthews
$755,556
281 days on market
Updated 2 days ago
Opportunity zone

Family Dollar | 9% Cap | Akron, OH

Details
Property Type Retail
Sub Type Convenience Store, Grocery Store (+1)
Square Footage 14,136
Cap Rate 9%
NOI $68,000
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree (+2)
Lease Type NN
Lease Term 27.1
Lease Expiration 12/31/2029
Remaining Term 3.4
Rent Bumps Yes
Lease Options Three, 5-Year Options
Year Built 1946
Buildings 1
Stories 1
Lot Size (SqFt) 32,680
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 11/26/2002
Ownership Fee Simple

5-Mile Population of ±191,065 | 19,000 Vehicles Daily

Investment highlights

Highlights

  • ±4.25-Years remaining on a recently extended lease

  • Early lease renewals prove the tenants commitment to the location and market

  • Four, 3-Year renewal options remaining; all of which include a 7% rental increase

  • The subject property is strategically located in a dense retail corridor; nearby traffic generations include Bridgestone Americas Technology Center Firestone Stadium, FedEx Ship Center, and many more.

  • Family Dollar has successfully operated at this location since 2002, a 20 year operating history which further proves their success at this location

  • Traffic counts on Main St exceed ±19,000 vehicles daily

  • Corporately guaranteed lease

  • 3-Mile population of ±84,162 residents

  • 5-Mile population of ±191,065 residents

  • Average household income considered to be family dollar’s “sweet-spot”

  • Family Dollar, a major national discount retailer with more than 8,000 stores across 48 states, has been acquired for roughly $1 billion by Brigade Capital Management, Macellum Capital Management, and Arkhouse Management Co.

  • Now operating as an independent company, Family Dollar benefits from both fresh capital and significant retail expertise. This backing is expected to accelerate store upgrades and drive operational improvements. With its proven value-focused model and strong presence in local communities, Family Dollar continues to serve as a resilient anchor tenant, positioned for sustained growth in the years ahead.

Listing Contacts

JB
TX 688810
Matthews
BB
TX 701324
Matthews
Listed by Matthews

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$68,000.00
$5,666.67/mo

Valuation Metrics

0
DSCR
9%
Cap Rate
9%
ROI

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Additional Information

Name
Matt Wallace
License
BRKP.2024002419, REC.2022007141 (OH)
Brokerage
Matthews Real Estate Investment Services, Inc
Brokerage Phone
(866) 889-0550
Title
Broker of Record
Brokerage Address
950 Main Ave., Suite 510, Cleveland, OH 44113
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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