4764 Tuscarawas StCanton, OH 44708

Property Details for 4764 Tuscarawas St

Year built

1974

Construction

FRAME

Lot size

0.93 AC

Property size (Sq ft)

12,000 SF

Property type

Outlet malls

APN

43-17352

APU

4317352

Description

This exceptional investment opportunity presents a freestanding Dollar Tree located at 4764 Tuscarawas St W, Canton, OH 44708, within the Cleveland MSA. The property boasts 12,000 square feet on a 0.93-acre lot, currently operating at 100% occupancy under a Net Lease agreement with a corporate guarantee. The asking price is $1,395,630, representing a compelling $116.30 per square foot and a 7.85% cap rate, based on a Net Operating Income (NOI) of $109,557. The lease features three 5-year options and includes rent bumps. The tenant, Dollar Tree, benefits from its recession-resistant business model. Built in 1974, the property received a new roof in 2023. The location is highly desirable, with over 60,000 residents and 31,000+ daytime employees within a 3-mile radius. Its proximity to the Akron-Canton Regional Airport (an 18-minute commute) and the Pro Football Hall of Fame further enhances its appeal. The lease expires January 30, 2028, offering a remaining term of approximately 3.2 years. This is a rare opportunity to acquire a stable, high-performing retail asset with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $3,354,724

  6.5%

  $3,096,669

  7%

  $2,875,478

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,828,650

  Geo Method

  $2,828,650

• Alternative Use

  Use

  Valuation

  Residential

  $2,612,156

  Hospitality

  $2,392,721

  Educational

  $1,990,716

  Medical

  $2,059,180

  Retail

  $3,096,669

Location Insight

City

Canton

County

Stark

State

Ohio

Latitude

40.7944

Longitude

-81.4358

CBSA code

15940

CBSA name

CANTON-MASSILLON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

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 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 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].