For Sale
$1,962,963

4750 Tuscarawas St Canton, OH 44708

High-Yield NNN Lease, Two Tenants

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional investment opportunity presents two freestanding retail buildings in Canton, Ohio, occupied by Little Caesars and Dollar Tree. The property boasts a combined 12,173 square feet on a 1.39-acre lot, featuring a Little Caesars location with over five years remaining on its NNN lease, including 2% annual rent increases and three five-year options. The Little Caesars lease currently generates $42,840 annually and this store ranks among the top performers in Ohio. Dollar Tree, a Fortune 500 company, occupies the second building, having exercised a five-year option with a rent increase last year. Their lease has approximately 3.5 years remaining. The property benefits from a newly installed roof (2023, 20-year warranty) on the Dollar Tree building. Dollar Tree has been at this location since 2002 and consistently performs well within its Ohio market. The property is strategically located on Tuscarawas Street, experiencing high daily traffic counts exceeding 22,900 vehicles, and is less than ten minutes from the Pro Football Hall of Fame, benefiting from a dense population and high daytime employee count within a three-mile radius. The property is offered for sale at $1,962,963, with a strong 7.76% cap rate and a net operating income (NOI) of $152,397. The buildings were constructed in 1974. This is a compelling investment opportunity, available for sale individually or as a portfolio.

Highlights

  • Single-tenant, freestanding Little Caesars building in Canton, OH.
  • High-density demographics: Over 60,000 residents within a 3-mile radius.
  • Absolute NNN lease; no landlord responsibilities.
  • High traffic count: Over 22,900 vehicles daily on Tuscarawas Street.
  • Excellent location: Less than 10 minutes from the Pro Football Hall of Fame, with over 31,000 daytime employees within a 3-mile radius.
  • Adjacent Dollar Tree with a new roof (20-year warranty, installed 2023).

Property Details for 4750 Tuscarawas St

Property type
Retail properties, Retail space
Square Feet
2,040 SF
Year Built
1974
Buildings
2
Lot Size (sq. ft)
60,548 SF

Location Insight

City
Canton
County
Stark
State
Ohio
Latitude
40.7945096
Longitude
-81.4353845

FAQs

What type of property is this?
Retail property - High-Yield NNN Lease, Two Tenants
Where is the retail property located?
The property is located at 4750 Tuscarawas St Canton, OH.
What is the asking price?
The asking price for this property is $1,962,963.
What are key features of this property?
This property features: Single-tenant, freestanding Little Caesars building in Canton, OH.; High-density demographics: Over 60,000 residents within a 3-mile radius.; Absolute NNN lease; no landlord responsibilities.
How can I contact the broker?
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4750 Tuscarawas St
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