Freestanding Dollar Tree Retail
For Sale
Contact for pricing
1038 E Tallmadge Ave, Akron, OH 44310
Fee-simple sale of a freestanding Dollar Tree on Akron’s retail corridor with access to the SR-8 interchange.
Property Size10,010 SF
Price / SF$133.09
Days on Market56
Property Features for 1038 E Tallmadge Ave
General Information
Standard status
Active
Size
10,010 SF
Property subtype
RETAIL
Building Details
Tenancy
Single
Listing Agency:
Goodman Real Estate
(216) 386-5576
Listed By:
Rob Yaskanich
(216) 386-5576
Source:
Moodyscre
Added: Jun 19
Changed: Jul 10
Last Checked: Aug 12 at 9:59AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Goodman Real Estate
Investment Insights
Based on property information with market context.
Available for sale is the 100% fee-simple interest in a freestanding Dollar Tree retail store (Store #5760) at 1038 E Tallmadge Ave in Akron, Ohio. The offering includes the dedicated retail building currently operated as a Dollar Tree location.
The property is situated along the East Tallmadge Avenue retail corridor in Akron’s North Hill neighborhood. It is positioned for convenient access to the SR-8 Tallmadge Avenue interchange and benefits from nearby established retail, including the OhioMeansJobs Summit County Center next door and the Howe Avenue retail node with Home Depot, Giant Eagle, and Marc’s.
For tenants and investors considering value-oriented retail exposure, this asset is tied to an essential-goods retail model operating in a dense urban infill setting. The surrounding area is supported by major regional employers and institutions, including Goodyear Tire & Rubber’s global headquarters, Summa Health’s Akron Campus, Akron Children’s Hospital, and the University of Akron.
The property is situated along the East Tallmadge Avenue retail corridor in Akron’s North Hill neighborhood. It is positioned for convenient access to the SR-8 Tallmadge Avenue interchange and benefits from nearby established retail, including the OhioMeansJobs Summit County Center next door and the Howe Avenue retail node with Home Depot, Giant Eagle, and Marc’s.
For tenants and investors considering value-oriented retail exposure, this asset is tied to an essential-goods retail model operating in a dense urban infill setting. The surrounding area is supported by major regional employers and institutions, including Goodyear Tire & Rubber’s global headquarters, Summa Health’s Akron Campus, Akron Children’s Hospital, and the University of Akron.
Key Highlights
- 100% fee‑simple interest in freestanding Dollar Tree (Store #5760) at 1038 E Tallmadge Ave, Akron, OH 44310
- Located on the East Tallmadge Avenue retail corridor with access to the SR‑8 Tallmadge Avenue interchange
- Immediate proximity to the OhioMeansJobs Summit County Center next door
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$113,020
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.48%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,260,400
$2.3M
Cap Rate 7%
$1,614,571
$1.6M
Cap Rate 9%
$1,255,778
$1.3M
Market Conditions
NOI Build-Up for 10,010 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$167.0K $16.68/SF
− Vacancy
−$5.5K −$0.55/SF
EGI
$161.5K $16.13/SF
− OpEx
−$48.4K −$4.84/SF
NOI
$113.0K $11.29/SF
Area
Akron, OH
Vacancy
3.30%
Lease Rate
$16.68 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,260,400
Cap Rate 7%
$1,614,571
Cap Rate 9%
$1,255,778
Alternative Uses
Best Use
Retail
$1.61M
$1.41M – $1.88M
NOI $113,020 @ 7.0% cap · market cap 8.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.46M
$2.15M – $2.87M
NOI $171,958 @ 7.0% cap · market cap 12.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
614
Businesses Nearby
78k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 38%
Shops & Services 35%
Dining 25%
Home Improvements & Furnishings 1%
Aldi
Groceries
18,381 visits/mo
0.4 miles
McDonald's
Dining
15,264 visits/mo
0.3 miles
Gordon Food Service
Groceries
11,369 visits/mo
0.3 miles
Dollar Tree
Shops & Services
8,335 visits/mo
0.3 miles
BP
Shops & Services
7,089 visits/mo
0.2 miles
Demographics for 44310, OH
24,984
Population
11,074
Households
2.3
Avg Household Size
35
Median Age
14%
College-Educated
77%
High-School Grad
6.2 sq mi
ZIP Area
4,030
Density / Sq Mi
$38,912
Median Household Income
$32,593
Median Earnings
$925
Median Rent
$91,400
Median Home Value
Market
Vacancy Rate% for Retail in Akron, OH
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Fee-simple sale of a freestanding Dollar Tree on Akron’s retail corridor with access to the SR-8 interchange.
Where is this retail space located?
The property is located at 1038 E Tallmadge Ave Akron, OH.
What is the asking price?
The asking price for this property is $1,332,242.
What are key features of this property?
This property features: 100% fee‑simple interest in freestanding Dollar Tree (Store #5760) at 1038 E Tallmadge Ave, Akron, OH 44310; Located on the East Tallmadge Avenue retail corridor with access to the SR‑8 Tallmadge Avenue interchange; Immediate proximity to the OhioMeansJobs Summit County Center next door
