Shopping Strip
Coventry Commons
3100 Manchester Rd, Akron, OH 44319
Listing Price: $3,175,000
Investment Overview
100% Occupied Retail Center | Six National and Regional Tenants with Strong Credit Profiles. Simple Single Parcel Ownership | One Tax Parcel (2.77 Acres) | No Shared Ownership or Condo Structure. Outstanding Visibility & Access | Located Along Manchester Rd with 21,198 VPD | Near I-277 with 74,483 VPD. Proximity to Major Institutions | Less Than 5 Miles from Downtown Akron and University
of Akron (14,900+ Students). Regionally Dominant Employers Nearby | Summa Health, Gojo Industries, FirstEnergy, Jo-Ann Stores & More.
Coventry Commons
Investment Highlights
- 100% Occupied Retail Center | Six National and Regional Tenants with Strong Credit Profiles
- Landlord-Favorable NNN Lease Structures | Full Reimbursement for Real Estate Taxes, Insurance, and CAM
- Administrative Fee Income Adds to Cash Flow | Tenants Pay Up to 15% in Admin Fees on Top of Base Rent
- Weighted Average Lease Term of 5.74 Years | All Tenants Have Multiple Renewal Options. Staggered Lease Expirations | Reduces Rollover Risk and Promotes Long-Term Income Stability
- Strong Income with Attractive Pricing | $254,085 Net Operating Income | 8.00% Cap Rate. Rent Levels Averaging Just $14.66/SF | Below Replacement Cost and Market Rent Averages.
- Major Anchor – Pet Supplies Plus (50% of GLA) | 600+ Locations Nationwide | Long- Term Stability Through 2031
- Top Credit Tenant – U.S. Bank (13.8% of GLA) | 5th Largest Bank in U.S. | S&P 500 Company
- New Leases from Jersey Mike's & Smoothie King | Long-Term Commitments with Rent Bumps & Renewals
Exclusively Listed By
Listing Price: $3,175,000
Investment Highlights
- 100% Occupied Retail Center | Six National and Regional Tenants with Strong Credit Profiles
- Landlord-Favorable NNN Lease Structures | Full Reimbursement for Real Estate Taxes, Insurance, and CAM
- Administrative Fee Income Adds to Cash Flow | Tenants Pay Up to 15% in Admin Fees on Top of Base Rent
- Weighted Average Lease Term of 5.74 Years | All Tenants Have Multiple Renewal Options. Staggered Lease Expirations | Reduces Rollover Risk and Promotes Long-Term Income Stability
- Strong Income with Attractive Pricing | $254,085 Net Operating Income | 8.00% Cap Rate. Rent Levels Averaging Just $14.66/SF | Below Replacement Cost and Market Rent Averages.
- Major Anchor – Pet Supplies Plus (50% of GLA) | 600+ Locations Nationwide | Long- Term Stability Through 2031
- Top Credit Tenant – U.S. Bank (13.8% of GLA) | 5th Largest Bank in U.S. | S&P 500 Company
- New Leases from Jersey Mike's & Smoothie King | Long-Term Commitments with Rent Bumps & Renewals
Investment Overview
100% Occupied Retail Center | Six National and Regional Tenants with Strong Credit Profiles. Simple Single Parcel Ownership | One Tax Parcel (2.77 Acres) | No Shared Ownership or Condo Structure. Outstanding Visibility & Access | Located Along Manchester Rd with 21,198 VPD | Near I-277 with 74,483 VPD. Proximity to Major Institutions | Less Than 5 Miles from Downtown Akron and University of Akron (14,900+ Students). Regionally Dominant Employers Nearby | Summa Health, Gojo Industries, FirstEnergy, Jo-Ann Stores & More.
Exclusively Listed By
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