970 Copley RdAkron, OH 44320

Property Details for 970 Copley Rd

Year built

1997

Lot size

1.25 AC

Property size (Sq ft)

10,781 SF

Property type

Retail properties

Property subtype

Other retail properties

APN

67-60650

APU

6760650

Description

This exceptional investment opportunity presents a 10,645-square-foot Family Dollar storefront in Akron, Ohio, situated on a 1.25-acre lot. Boasting a strong 8.00% cap rate and a substantial net operating income (NOI) of $99,841, this property offers a secure, long-term investment. The property features a 15-year net lease with Family Dollar, commencing October 22, 2014, and expiring December 31, 2029, leaving approximately 5.1 years remaining. The lease includes three, 5-year renewal options with a 10% rent increase in each. Built in 1997 and previously operating as a drugstore, Family Dollar has occupied the site since 2002, demonstrating a long-term commitment to the location. The property enjoys excellent visibility and access, located on a hard corner at the signalized intersection of Copley Road (13,911 vehicles per day) and Storer Avenue (2,721 vehicles per day), less than 3 miles from downtown Akron and 1 mile from I-77 (75,733 vehicles per day). With 39 parking spaces and a built-in customer base of over 7,100 households within a 1-mile radius, this property offers a compelling combination of strong tenant, location, and lease terms. The property includes one building and is 100% occupied. The asking price is $1,248,000.

Location Insight

City

Akron

County

Summit

State

Ohio

Latitude

41.0846

Longitude

-81.5569

CBSA code

10420

CBSA name

AKRON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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