For Sale
$668,240
1230 Wooster Rd Barberton, OH 44203
Ohio Retail Property - High Cap Rate
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 135
Highlights
- 11,876 SF retail property in Barberton, OH with two tenants.
- Strong 10% capitalization rate, $66,824 current NOI, and $77,474 pro-forma NOI.
- NNN lease with Family Dollar (S&P BBB credit rating) providing corporate guaranty.
- Attic Collectibles on a month-to-month lease, significantly below market rent, offering substantial upside potential.
- High traffic location with direct frontage to 16,274 vehicles per day and proximity to 25,545 vehicles per day at a major intersection.
- 10% rental increases every 5 years.
Property Details for 1230 Wooster Rd
- Property type
- Retail properties, Retail space
- Square Feet
- 11,876 SF
- Class
- C
- Year Built
- 1960
- Stories
- 1
- Lot Size (sq. ft)
- 116,741 SF
Location Insight
- City
- Barberton
- County
- Summit
- State
- Ohio
- Latitude
- 41.006932437137
- Longitude
- -81.633239052121
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - Ohio Retail Property - High Cap Rate
- Where is the retail property located?
- The property is located at 1230 Wooster Rd Barberton, OH.
- What is the asking price?
- The asking price for this property is $668,240.
- What are key features of this property?
- This property features: 11,876 SF retail property in Barberton, OH with two tenants.; Strong 10% capitalization rate, $66,824 current NOI, and $77,474 pro-forma NOI.; NNN lease with Family Dollar (S&P BBB credit rating) providing corporate guaranty.
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