For Sale
$1,216,000

815 Copley RdAkron, OH 44320

High-yield Dollar Tree, Akron, OH. Strong tenant, long lease.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a single-tenant, net-leased Dollar Tree property situated at 815 Copley Rd, Akron, OH 44320. The 9,032 square foot building, constructed in 2016, sits on a 1.25-acre lot and boasts 100% occupancy. The property benefits from a strong location at the corner of Copley Road and Storer Avenue, providing multiple access points. The current lease, an absolute NNN agreement with a credit-rated tenant, commenced on December 31, 2016, and has a remaining term of approximately 2.1 years, with three 5-year renewal options, each including a 5% rent increase. The lease provides a stable income stream, reflected in the property's current Net Operating Income (NOI) of $112,448 and a compelling 9.25% cap rate. The asking price is $1,216,000. This represents a significant opportunity to acquire a well-located, stabilized retail asset in a densely populated market, just five minutes from downtown Akron. The property's low rent per square foot and strong tenant credit make it a compelling investment at well below replacement cost.

Highlights

  • Single-tenant Dollar Tree net lease property in Akron, Ohio.
  • 2016-built building.
  • NNN lease with ~2.2 years remaining and three 5-year options.
  • High-visibility corner location at Copley Road & Storer Avenue with multiple access points.
  • Below-market rent per square foot; strong credit tenant, below replacement cost.
  • 9,032 square foot building on 1.25 acres.

Property Details for 815 Copley Rd

Property type
Lifestyle centers, Power centers
Square Feet
9,032 SF
Year Built
2016
Lot Size (sq. ft)
54,450 SF

Location Insight

City
Akron
County
Summit
State
Ohio
Latitude
41.084374772468
Longitude
-81.551339683919
815 Copley Rd, Akron, Ohio

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
815 Copley Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message