Shopping Strip
Whipple Bradley Plaza
4918 Whipple Ave NW, Canton, OH 44718
Listing Price: $2,845,000
Investment Overview
92% Occupied, 20,751 SF Neighborhood Strip Center Located in Belden Village – Canton, OH’s #1 Retail Trade Area. Less than 400 Feet from the Major Intersection of Belden Village Street NW & Whipple Ave NW with 42,320 VPD Combined. Located Along Whipple Ave NW with 24,590 VPD and Just 0.3 Mile from I-77 Exit Ramps – I-77 Sees 85,500 VPD.
Whipple Bradley Plaza
Investment Highlights
- 92% Occupied, 20,751 SF Neighborhood Strip Center Located in Belden Village – Canton, OH's #1 Retail Trade Area
- New 7-Year Lease with MRI/Imaging Center on 4,300 SF Endcap (20.7% of GLA) at $16/SF NNN
- Below-Market/Replaceable Rents Averaging $15.61/SF All-in
- Major Tenants Include U.S. Armed Forces Career Center (23% of GLA) and Health & Fitness (20% of GLA – Fitness Equipment Retailer)
- Upside via Lease-up of 1,600 SF Vacancy (7.7% of GLA) – Former Juice Bar with Anticipated Market Rent of $14/SF
- Ease of Management with Only 6 Tenants/7 Units; Self-Managing could add 41 bps to CAP Rate (8.41% CAP)
- Excellent Access & Visibility – Shallow Setback with 350 Feet of Frontage, 2 Curb Cuts to Whipple Ave NW & Additional Access via Side Street, and Large Pylon Sign
- 0.3-Mile from Pacific Retail-Owned Belden Village Mall with 5.4M Visits Annually and Amongst a Who's Who of Major Big-Box & Junior Box Retailers
Listing Price: $2,845,000
Investment Highlights
- 92% Occupied, 20,751 SF Neighborhood Strip Center Located in Belden Village – Canton, OH's #1 Retail Trade Area
- New 7-Year Lease with MRI/Imaging Center on 4,300 SF Endcap (20.7% of GLA) at $16/SF NNN
- Below-Market/Replaceable Rents Averaging $15.61/SF All-in
- Major Tenants Include U.S. Armed Forces Career Center (23% of GLA) and Health & Fitness (20% of GLA – Fitness Equipment Retailer)
- Upside via Lease-up of 1,600 SF Vacancy (7.7% of GLA) – Former Juice Bar with Anticipated Market Rent of $14/SF
- Ease of Management with Only 6 Tenants/7 Units; Self-Managing could add 41 bps to CAP Rate (8.41% CAP)
- Excellent Access & Visibility – Shallow Setback with 350 Feet of Frontage, 2 Curb Cuts to Whipple Ave NW & Additional Access via Side Street, and Large Pylon Sign
- 0.3-Mile from Pacific Retail-Owned Belden Village Mall with 5.4M Visits Annually and Amongst a Who's Who of Major Big-Box & Junior Box Retailers
Investment Overview
92% Occupied, 20,751 SF Neighborhood Strip Center Located in Belden Village – Canton, OH’s #1 Retail Trade Area. Less than 400 Feet from the Major Intersection of Belden Village Street NW & Whipple Ave NW with 42,320 VPD Combined. Located Along Whipple Ave NW with 24,590 VPD and Just 0.3 Mile from I-77 Exit Ramps – I-77 Sees 85,500 VPD.
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