For Sale
$6,570,000

1038 Tallmadge AveAkron, OH 44310

Six-unit retail portfolio, strong NOI.

Overview

Added:
Dec 11, 2024
Days on market:
116
Exceptional investment opportunity featuring a six-unit portfolio of Dollar Tree and Family Dollar stores strategically located across Ohio, Pennsylvania, and Alabama. This portfolio sale offers a combined 56,760 square feet of net rentable space situated on approximately 7.18 acres of land. The properties boast convenient locations within urban centers or near major highways, ensuring high visibility and accessibility. All leases are corporately guaranteed by Dollar Tree and Family Dollar, providing significant financial stability and security. With a strong net operating income (NOI) of $436,066 and a compelling 6.64% cap rate, this portfolio presents a rare chance to acquire a well-established, high-performing retail investment. Dollar Tree, a Fortune 500 company (NASDAQ: DLTR) with an S&P BBB credit rating, and Family Dollar are national retailers with thousands of stores, demonstrating their market dominance and brand recognition. Dollar Tree's continued expansion, evidenced by the opening of 641 new stores in 2023 and generating $30.6 billion in net sales, further underscores the strength and growth potential of this investment. The asking price for this exceptional portfolio is $6,570,000. This is a portfolio sale only.

Highlights

  • Six-unit Dollar Tree and Family Dollar portfolio in OH, PA, and AL.
  • Portfolio sale only.
  • Stores located in urban areas or near major highways.
  • All leases are corporately guaranteed.
  • Dollar Tree (NASDAQ: DLTR), an S&P BBB-rated Fortune 500 company, and Family Dollar are national retailers with thousands of locations.
  • Dollar Tree opened 641 new stores in 2023, achieving $30.6 billion in net sales.

Property Details for 1038 Tallmadge Ave

Property type
Retail properties, Grocery and convenience stores
Square Feet
56,760 SF
Lot Size (sq. ft)
312,761 SF

Location Insight

City
Akron
County
Summit
State
Ohio
Latitude
41.101756035259
Longitude
-81.477205805042
1038 Tallmadge Ave, Akron, Ohio

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1038 Tallmadge Ave
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