For Sale
$7,500,000

1100 Main St Cuyahoga Falls, OH 44221

84,672 SF, 12-Year NNN Lease, 7.04% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional investment opportunity presents a fee-simple interest in a four-building industrial portfolio totaling 84,672 square feet, located at 1100 Main Street, Cuyahoga Falls, Ohio, 44221. The property boasts a 100% occupancy rate under an absolute triple-net (NNN) lease with a remaining term of 12 years, expiring October 31, 2036. The tenant, in place since 1997, occupies four buildings: Manufacturing Plant 1 (49,421 square feet), Manufacturing Plant 2 (30,547 square feet), a storage building (3,360 square feet), and a pole barn (1,344 square feet). The property features 11 overhead cranes and multiple jib cranes, essential for the tenant's manufacturing operations. Strategically located near State Route 8, I-80 (Ohio Turnpike), and the I-77/I-76 interchange, this property offers convenient access to major transportation routes, facilitating efficient distribution. The Akron submarket's strong industrial presence, with companies like Goodyear, Pepsi, GE, and GM, further enhances the investment value. This offering presents a compelling opportunity with a 7.04% cap rate and a long-term, secure lease. The property's robust infrastructure and prime location make it an attractive asset for discerning investors seeking stable, long-term income.

Highlights

  • 100% occupancy with an absolute triple-net (NNN) lease.
  • Four buildings totaling 84,672 square feet: a 49,421 SF manufacturing plant, a 30,547 SF manufacturing plant, a 3,360 SF storage building, and a 1,344 SF pole barn.
  • 84,672 square feet total building area.
  • 12 years remaining on the lease term.
  • Long-term tenant in place since 1997.

Property Details for 1100 Main St

Property type
Warehouses, Industrial properties
Square Feet
84,672 SF
Units
4

Location Insight

City
Cuyahoga Falls
County
Summit
State
Ohio
Latitude
41.117679
Longitude
-81.4873968

FAQs

What type of property is this?
Warehouse - 84,672 SF, 12-Year NNN Lease, 7.04% Cap Rate
Where is the warehouse located?
The property is located at 1100 Main St Cuyahoga Falls, OH.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: 100% occupancy with an absolute triple-net (NNN) lease.; Four buildings totaling 84,672 square feet: a 49,421 SF manufacturing plant, a 30,547 SF manufacturing plant, a 3,360 SF storage building, and a 1,344 SF pole barn.; 84,672 square feet total building area.
How can I contact the broker?
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1100 Main St
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