For Sale
$4,886,287

1550 Maple St North Canton, OH 44720

Ohio Auto Shop: 15-Year NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional investment opportunity presents a brand-new, 12,298 square foot Caliber Collision center in North Canton, Ohio. Built in 2025, this Class A property sits on a 1.57-acre lot at 1550 West Maple, 44720, and features a 15-year absolute net lease with a corporate guarantee from Caliber Collision, the nation's largest collision repair provider. The lease includes 10% rent bumps every five years, ensuring consistent income growth. The property boasts a strong 6.60% cap rate and a substantial net operating income (NOI) of $322,495. Its prime location is directly across from BMW and Toyota dealerships and near numerous other auto service centers and national retailers, including Home Depot, Sam's Club, and Walmart. The surrounding area is densely populated and affluent, with an average household income exceeding $95,000 within a 3-mile radius. Proximity to Kent State University at Stark further enhances the property's appeal. This investment offers significant tax benefits through accelerated depreciation and cost segregation. The lease expires June 30, 2040. This is a rare opportunity to acquire a high-performing, low-maintenance asset with a secure, long-term lease.

Property Details for 1550 Maple St

Property type
Retail properties, Retail space
Square Feet
12,298 SF
Class
A
Year Built
2025
Lot Size (sq. ft)
68,389 SF

Location Insight

City
North Canton
County
Stark
State
Ohio
Latitude
40.8762773
Longitude
-81.4333553

FAQs

What type of property is this?
Retail property - Ohio Auto Shop: 15-Year NNN Lease
Where is the retail property located?
The property is located at 1550 Maple St North Canton, OH.
What is the asking price?
The asking price for this property is $4,886,287.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1550 Maple St
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