Shopping Strip
Whipple Belden Plaza
5100 Whipple Ave NW, Canton, OH 44718
Listing Price: $2,402,000
Investment Overview
Marcus & Millichap is pleased to present for sale Whipple Belden Plaza, a 100 Percent Occupied, 16,413 Square Foot Strip Center Located in Belden Village – Canton, Ohio’s Number One Retail Trade Area. DXL Mens Apparel (51 Percent of Gross Leasable Area) – Leased thru March 2030 at Below-Market Rent of $12 per Square Foot Triple-Net. Mix of Daily Needs Shop Retailers with Metro by T-Mobile, Edible Arrangements, Smart Choice Windows, and Kabab & Curry Fine Indian Cuisine. Excellent Visibility – 200 Feet of Frontage to Whipple Ave NW, Shallow Setback, and Large Pylon Sign. Directly Across from Pacific Retail-owned Belden Village Mall with 5.4 Million Visits Annually and Amongst a Who’s Who of Major Big-Box and Junior Box Retailers. Just 0.2-Mile South and West of I-77 Exit Ramps – I-77 Sees 85,500 Vehicles per Day.
Whipple Belden Plaza
Investment Highlights
- 100 Percent Occupied, 16,413 Square Foot Strip Center Located in Belden Village – Canton, Ohio's Number One Retail Trade Area
- Located in the Heart of the Belden Village Trade Area with 7.2 Million Square Feet of Retail Leased to 98 Percent Occupancy
- 42,320 Vehicles per Day Hard Corner Location at Intersection of Belden Village Street NW and Whipple Ave NW
- 5.4 Years WALT with Below-Market Rents Averaging $15.87 per Square Feet Gross
- Ease of Management with Only Five Tenants – 8.73% Cap Rate (+73 bps) on In-Place Rent Roll if Self-Managed without Vacancy Allowance
- Minimal Near-Term Rollover – 75 Percent of Gross Leasable Area (Three of Five Tenants) Leased into 2030 or Longer; No Rollover Until End of 2026
- 1.11 Acre Parcel with Strong Intrinsic Value in the Hard Corner Site/Land
- Ancillary Income from Rooftop Billboard (Clear Channel) and Pylon Sign (Knights Inn)
Listing Price: $2,402,000
Investment Highlights
- 100 Percent Occupied, 16,413 Square Foot Strip Center Located in Belden Village – Canton, Ohio's Number One Retail Trade Area
- Located in the Heart of the Belden Village Trade Area with 7.2 Million Square Feet of Retail Leased to 98 Percent Occupancy
- 42,320 Vehicles per Day Hard Corner Location at Intersection of Belden Village Street NW and Whipple Ave NW
- 5.4 Years WALT with Below-Market Rents Averaging $15.87 per Square Feet Gross
- Ease of Management with Only Five Tenants – 8.73% Cap Rate (+73 bps) on In-Place Rent Roll if Self-Managed without Vacancy Allowance
- Minimal Near-Term Rollover – 75 Percent of Gross Leasable Area (Three of Five Tenants) Leased into 2030 or Longer; No Rollover Until End of 2026
- 1.11 Acre Parcel with Strong Intrinsic Value in the Hard Corner Site/Land
- Ancillary Income from Rooftop Billboard (Clear Channel) and Pylon Sign (Knights Inn)
Investment Overview
Marcus & Millichap is pleased to present for sale Whipple Belden Plaza, a 100 Percent Occupied, 16,413 Square Foot Strip Center Located in Belden Village – Canton, Ohio’s Number One Retail Trade Area. DXL Mens Apparel (51 Percent of Gross Leasable Area) – Leased thru March 2030 at Below-Market Rent of $12 per Square Foot Triple-Net. Mix of Daily Needs Shop Retailers with Metro by T-Mobile, Edible Arrangements, Smart Choice Windows, and Kabab & Curry Fine Indian Cuisine. Excellent Visibility – 200 Feet of Frontage to Whipple Ave NW, Shallow Setback, and Large Pylon Sign. Directly Across from Pacific Retail-owned Belden Village Mall with 5.4 Million Visits Annually and Amongst a Who’s Who of Major Big-Box and Junior Box Retailers. Just 0.2-Mile South and West of I-77 Exit Ramps – I-77 Sees 85,500 Vehicles per Day.
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