Shopping Neighborhood
At Home Plaza
4938 Portage St NW, North Canton, OH 44720
Listing Price: $9,480,000
Investment Overview
100% Occupied, 101,779 SF At Home-Anchored 3-Tenant NNN Retail Center in North Canton, OH. Entire Center Renovated from 2017-2019 with Approx. 67,500 SF of New GLA Built (66% of Center) – Approx. $6.5 Million in Capital Improvement. Strong Traffic Counts: 26,000 Cars/Day on Portage St NW, 42,000 Cars/Day at Intersection of Portage St NW & Frank Ave NW. Located Across the Street from a New Costco-Anchored Development - 160,000 SF Store Opened in August 2023; Only Costco in Stark County. 0.3-Mile from Interstate 77 Exit Ramps with 88,000 Cars/Day.
At Home Plaza
Investment Highlights
- 100% Occupied, 101,779 SF At Home-Anchored 3-Tenant NNN Retail Center in North Canton, OH
- 4.5+ Years Remaining on 10-Year NNN Lease with At Home Comprising 88.7% of GLA & 82.3% of Gross Rent Income
- Offered Free & Clear of Debt Allowing Prospective Purchaser to Secure New Financing According to Investment Strategy
- Potential Upside via Tax Appeal/Reassessment to Sale Price; Current $10.4M Tax Value Exceeds $9.48M List Price
- Renovations Included New Façade, Tenant Build-Outs, HVAC, Signage, Parking Lot, LED Parking Lot Lighting, and New TPO & EPDM Roofs on Most of Center
- No Near-Term Rollover Risk - No Lease Rollover Until 2027
- Strong Shop Tenants: Pet Supplies Plus In-Place Since 1990, Relocated to Newly Constructed Endcap Unit & Extended Lease Thru October 2027; New 11-Year NNN Lease with Salon Lofts in 2017
- Shadowed by Top performing Sam's Club within Ohio (98% Nationally), Top performing Home Depot in Ohio (81% Nationally), & 2nd Top performing BJ's in Ohio – All Drive Additional Traffic to the Immediate Trade Area (Source: Placer.ai)
Exclusively Listed By
Listing Price: $9,480,000
Investment Highlights
- 100% Occupied, 101,779 SF At Home-Anchored 3-Tenant NNN Retail Center in North Canton, OH
- 4.5+ Years Remaining on 10-Year NNN Lease with At Home Comprising 88.7% of GLA & 82.3% of Gross Rent Income
- Offered Free & Clear of Debt Allowing Prospective Purchaser to Secure New Financing According to Investment Strategy
- Potential Upside via Tax Appeal/Reassessment to Sale Price; Current $10.4M Tax Value Exceeds $9.48M List Price
- Renovations Included New Façade, Tenant Build-Outs, HVAC, Signage, Parking Lot, LED Parking Lot Lighting, and New TPO & EPDM Roofs on Most of Center
- No Near-Term Rollover Risk - No Lease Rollover Until 2027
- Strong Shop Tenants: Pet Supplies Plus In-Place Since 1990, Relocated to Newly Constructed Endcap Unit & Extended Lease Thru October 2027; New 11-Year NNN Lease with Salon Lofts in 2017
- Shadowed by Top performing Sam's Club within Ohio (98% Nationally), Top performing Home Depot in Ohio (81% Nationally), & 2nd Top performing BJ's in Ohio – All Drive Additional Traffic to the Immediate Trade Area (Source: Placer.ai)
Investment Overview
100% Occupied, 101,779 SF At Home-Anchored 3-Tenant NNN Retail Center in North Canton, OH. Entire Center Renovated from 2017-2019 with Approx. 67,500 SF of New GLA Built (66% of Center) – Approx. $6.5 Million in Capital Improvement. Strong Traffic Counts: 26,000 Cars/Day on Portage St NW, 42,000 Cars/Day at Intersection of Portage St NW & Frank Ave NW. Located Across the Street from a New Costco-Anchored Development - 160,000 SF Store Opened in August 2023; Only Costco in Stark County. 0.3-Mile from Interstate 77 Exit Ramps with 88,000 Cars/Day.
Exclusively Listed By
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