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Shopping Strip

Coventry Commons

3100 Manchester Rd, Akron, OH 44319

Listing Price: $3,175,000

Cap Rate
8.00%
Gross SF
18,367
Rentable SF
18,367
Price/Gross SF
$172.86
Lot Size
2.77 acres
Year Built
2002

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.

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

Shopping Strip

Coventry Commons

Listing Price: $3,175,000

Cap Rate
8.00%
Gross SF
18,367
Rentable SF
18,367
Price/Gross SF
$172.86
Lot Size
2.77 acres
Year Built
2002

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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