For Sale
$941,000

6483 Dressler Rd North Canton, OH 44720

Prime Ohio storefront, strong tenant, high NOI.

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional investment opportunity presents a 3,960 square foot Sherwin-Williams storefront located at 6483 Dressler Rd NW, North Canton, OH 44720. The property sits on a 0.76-acre lot and is a single-story building operating under a Net Net (NN) lease with a credit-rated corporate guarantor, minimizing landlord responsibilities. The current lease, commenced January 1, 2018, has a remaining term of approximately 3.1 years, expiring December 31, 2027, with two 5-year renewal options. Rent increases annually at 2%. The property boasts a strong Net Operating Income (NOI) of $54,100, resulting in a 5.75% cap rate. The asking price is $941,000, translating to $237.63 per square foot. This location benefits from excellent visibility and accessibility, situated on Dressler Road NW, which sees over 13,000 vehicles daily. The surrounding area demonstrates strong demographics, with a 5-mile radius population exceeding 131,761 and average household income over $84,000. The property's proximity to Kent State University at Stark (less than one mile, 4,422 students) and numerous national retailers including McDonald's, Taco Bell, Wendy's, Best Buy, Home Depot, Lowe's, Sam's Club, Marshall's, Walmart, Target, Chick-fil-A, and Raising Cane's further enhances its desirability and potential for long-term value appreciation. 100% occupancy ensures a consistent income stream.

Property Details for 6483 Dressler Rd

Property type
Retail properties, Retail space
Square Feet
3,960 SF
Buildings
1
Stories
1
Lot Size (sq. ft)
33,106 SF

Location Insight

City
North Canton
County
Stark
State
Ohio
Latitude
40.8715335
Longitude
-81.424164

FAQs

What type of property is this?
Retail property - Prime Ohio storefront, strong tenant, high NOI.
Where is the retail property located?
The property is located at 6483 Dressler Rd North Canton, OH.
What is the asking price?
The asking price for this property is $941,000.
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 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 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].
6483 Dressler 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