Dollar Tree 8.25% Cap Rate
Retail | 8.25% CAP | 10,010 SqFt
Marketing description
Property Description
For sale is the 100% fee-simple interest in the free-standing Dollar Tree located at 1038 E Tallmadge Ave, Akron, OH 44310. This well-positioned site sits along the East Tallmadge Avenue retail corridor in Akron's North Hill neighborhood, offering excellent visibility and access to the SR-8 Tallmadge Avenue interchange. The property benefits from immediate proximity to the OhioMeansJobs Summit County Center next door and the established Howe Avenue retail node featuring Home Depot, Giant Eagle, and Marc's. The surrounding trade area is a dense urban infill market anchored by major regional employers including Goodyear Tire & Rubber's global headquarters, Summa Health's Akron Campus, Akron Children's Hospital, and the University of Akron. Backed by Dollar Tree's investment-grade credit profile and an essential-goods business model proven to perform in dense, value-oriented markets, this property offers a stable, recession-resilient income stream in a core Northeast Ohio MSA.
Investment highlights
Top Generators
- GOODYEAR TIRE & RUBBER CO. - Global tire manufacturer headquartered in Akron, employing approximately 68,000 people worldwide with its world HQ and Innovation Center driving local economic activity.
- SUMMA HEALTH AKRON CAMPUS - A 750-bed Level I trauma teaching hospital and the system's flagship, anchoring a workforce of over 8,500 employees system-wide.
- AKRON CHILDREN'S HOSPITAL - A 289-bed pediatric Level I trauma hospital with more than 7,000 employees, serving over half a million patients annually.
- UNIVERSITY OF AKRON - Major public research university with over 15,000 students driving consistent daily traffic to the corridor.
- OHIOMEANSJOBS SUMMIT COUNTY - County workforce and career center located immediately adjacent at 1040 E Tallmadge Ave, generating consistent daily foot traffic.
- HOWE AVENUE RETAIL CORRIDOR - Established Howe Avenue retail node featuring Home Depot, Giant Eagle, Marc's, and other national tenants.
- NORTH HILL NEIGHBORHOOD - Dense urban residential community providing a strong, walkable customer base immediately surrounding the site.
- SR-8 TALLMADGE AVENUE INTERCHANGE - Access to the SR-8 Tallmadge Avenue interchange, the primary north-south freeway linking Akron to Cuyahoga Falls, Stow, and the Cleveland corridor.
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