9.25% Cap I Aldi Shadow Anchor I Retail Strip
166K Population I Aldi & Amazon Shadow Anchor
Marketing description
MAJORITY MEDICAL TENANCY
Great Expressions Dental (300+ locations) and Accident &
Injury Center Chiropractor combine for ~47% of gross
income, service-based tenants that don't chase rent to the
next corner.
ALDI SHADOW ANCHOR
Immediately adjacent to Aldi at 2100 Romig Rd, one of the
highest-productivity grocers in the U.S. at approximately
$19M average annual store sales.
$150M+ AMAZON FACILITY
A few hundred yards away lies the Amazon AKC1
fulfillment center: 695,000 SF, ~1,500 jobs, constructed
November 2020.
166,000 PEOPLE IN 5-MILE RADIUS
Dense infill trade area with $75,000 average household
income, strong daytime and residential draw.
3.5-YEAR WALT · STAGGERED EXPIRATIONS
Weighted average lease term of ~3.5 years across six
tenants and 11K SF
Investment highlights
Medical Retail Plaza for sale in Akron OH. The property has six tenants and is shadow anchored by Aldi, and less than 100 yards away from a $150M new construction Amazon distribution facility. The property benefits from 50% medical tenants including a dental office with 300+ locations. Priced aggressively at a 9.25% cap rate with 166,000 people in a 5 mile radius and $75,000 average income.
Priced well at less than $100 per square foot.
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