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Shopping Strip

Shops at the Centre

4322 Tuscarawas St W, Canton, OH 44708

Listing Price: $3,555,000

Cap Rate
7.30%
Gross SF
10,046
Rentable SF
10,046
Price/Gross SF
$353.87
Lot Size
1.79 acres
Year Built
2007

Investment Overview

Marcus & Millichap is pleased to present for sale, Shops at the Centre located in Canton, Ohio. The subject property is a 10,046-square-foot triple-net strip center that is 100 percent occupied. The strip center is comprised of six tenants and five of the six tenants have been in place since 2008 and 2009. All tenants are triple-net and reimburse for taxes, insurance, common area maintenance, and also pay 10-15 percent administrative fees. Shops at the Centre is being offered for $3.55 million.

Investment Highlights

  • 100 Percent Occupied, 10,046-Square-Foot Triple-Net Strip Center in Canton, Ohio
  • Shadowed by Walmart Supercenter – Top 10 Percent Location (2.3 Million T12 Visits) in Ohio and Nationally Based on Customer Traffic (Source = Placer.AI)
  • Anchored by National Retailers Verizon and Penn Station Subs on the Endcaps, Six Units Total
  • Five of Six Tenants in Place Since 2008/2009
  • All Tenants are Triple-Net and Reimburse for Taxes, Insurance, Common Area Maintenance, and Pay 10-15 Percent Administrative Fees
  • Offers 9.8 Percent Cash-on-Cash Return and 15.6 Percent Total Return at Proposed Financing Terms
  • Located at the Major Signalized Intersection of Lincoln Highway and Whipple Avenue SW with 41,380 Vehicles per Day
  • Adjacent to Canton Centre Shopping Center with Additional Traffic-Driving Retailers Including JCPenney, Hibbett Sports, Shoe Show, Rainbow, Rue21, Chipotle, Sally Beauty, and Firestone Automotive

Exclusively Listed By

Listing Price: $3,555,000

Cap Rate
7.30%
Gross SF
10,046
Rentable SF
10,046
Price/Gross SF
$353.87
Lot Size
1.79 acres
Year Built
2007

Investment Highlights

  • 100 Percent Occupied, 10,046-Square-Foot Triple-Net Strip Center in Canton, Ohio
  • Shadowed by Walmart Supercenter – Top 10 Percent Location (2.3 Million T12 Visits) in Ohio and Nationally Based on Customer Traffic (Source = Placer.AI)
  • Anchored by National Retailers Verizon and Penn Station Subs on the Endcaps, Six Units Total
  • Five of Six Tenants in Place Since 2008/2009
  • All Tenants are Triple-Net and Reimburse for Taxes, Insurance, Common Area Maintenance, and Pay 10-15 Percent Administrative Fees
  • Offers 9.8 Percent Cash-on-Cash Return and 15.6 Percent Total Return at Proposed Financing Terms
  • Located at the Major Signalized Intersection of Lincoln Highway and Whipple Avenue SW with 41,380 Vehicles per Day
  • Adjacent to Canton Centre Shopping Center with Additional Traffic-Driving Retailers Including JCPenney, Hibbett Sports, Shoe Show, Rainbow, Rue21, Chipotle, Sally Beauty, and Firestone Automotive

Investment Overview

Marcus & Millichap is pleased to present for sale, Shops at the Centre located in Canton, Ohio. The subject property is a 10,046-square-foot triple-net strip center that is 100 percent occupied. The strip center is comprised of six tenants and five of the six tenants have been in place since 2008 and 2009. All tenants are triple-net and reimburse for taxes, insurance, common area maintenance, and also pay 10-15 percent administrative fees. Shops at the Centre is being offered for $3.55 million.

Exclusively Listed By

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