Shopping Neighborhood

Smith Centre

1725 State Rd, Cuyahoga Falls, OH 44223

Listing Price: $2,175,000

Cap Rate
9.63%
Gross SF
56,088
Rentable SF
56,088
Price/Gross SF
$38.78
Lot Size
3.30 acres
Year Built
1960

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale, Smith Centre located in Cuyahoga Falls, Ohio. Smith Centre is a 96 percent occupied, 56,088-square-foot shopping center that is anchored by Dollar General and Goodwill. The shopping center is located in part of the largest metropolitan area in Ohio, the Cleveland-Akron-Canton Combined Statistical are with a population of over three and a half million.

Investment Highlights

  • 96 Percent Occupied, 56,088-Square-Foot Shopping Center Anchored by Dollar General and Goodwill (Combined 46 Percent of Gross Leasable Area)
  • High CAP Rate (9.63 Percent CAP), Low Price Per Square Foot ($39 Per Square Foot) Investment Offering
  • Below-Market Rents: $6.41 Per Square Foot ALL-IN, $4.25 Per Square Foot Triple-Net Lease Equivalent
  • 18.5 Percent Cash/Cash Return, 25.6 Percent Total Return, Projected with Bank Financing at 75 Percent Loan to Value, Four Percent Interest Rate, 10/25
  • Dense Population Base: 13,609 People within One-Mile, 197,653 within Five-Miles
  • 17,823 Cars Per Day on State Road; Excellent Frontage/Visibility/Signage

Exclusively Listed By

  • Craig Fuller

    Senior Managing Director Investments

    (216) 264-2043

    Email Craig

    License(s): OH: SAL.2008001551

    Cleveland

  • Erin E. Patton

    Senior Managing Director Investments

    (614) 360-9035

    Email Erin

    License(s): OH: SAL.2004010274

    Columbus

  • Scott Wiles

    Senior Managing Director Investments

    (216) 264-2026

    Email Scott

    License(s): OH: SAL.2005013197

    Cleveland

  • Bryan Baetjer

    Associate

    Email Bryan

    License(s): OH: SAL.2015001897

    Cleveland

Listing Price: $2,175,000

Cap Rate
9.63%
Gross SF
56,088
Rentable SF
56,088
Price/Gross SF
$38.78
Lot Size
3.30 acres
Year Built
1960

Investment Highlights

  • 96 Percent Occupied, 56,088-Square-Foot Shopping Center Anchored by Dollar General and Goodwill (Combined 46 Percent of Gross Leasable Area)
  • High CAP Rate (9.63 Percent CAP), Low Price Per Square Foot ($39 Per Square Foot) Investment Offering
  • Below-Market Rents: $6.41 Per Square Foot ALL-IN, $4.25 Per Square Foot Triple-Net Lease Equivalent
  • 18.5 Percent Cash/Cash Return, 25.6 Percent Total Return, Projected with Bank Financing at 75 Percent Loan to Value, Four Percent Interest Rate, 10/25
  • Dense Population Base: 13,609 People within One-Mile, 197,653 within Five-Miles
  • 17,823 Cars Per Day on State Road; Excellent Frontage/Visibility/Signage

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale, Smith Centre located in Cuyahoga Falls, Ohio. Smith Centre is a 96 percent occupied, 56,088-square-foot shopping center that is anchored by Dollar General and Goodwill. The shopping center is located in part of the largest metropolitan area in Ohio, the Cleveland-Akron-Canton Combined Statistical are with a population of over three and a half million.

Exclusively Listed By

  • Craig Fuller

    Senior Managing Director Investments

    (216) 264-2043

    Email Craig

    License(s): OH: SAL.2008001551

    Cleveland

  • Erin E. Patton

    Senior Managing Director Investments

    (614) 360-9035

    Email Erin

    License(s): OH: SAL.2004010274

    Columbus

  • Scott Wiles

    Senior Managing Director Investments

    (216) 264-2026

    Email Scott

    License(s): OH: SAL.2005013197

    Cleveland

  • Bryan Baetjer

    Associate

    Email Bryan

    License(s): OH: SAL.2015001897

    Cleveland

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