Freestanding Dollar Tree Retail
For Sale
Contact for pricing
1038 East Tallmadge Avenue, 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$125.49
Days on Market145
Property Features for 1038 East Tallmadge Avenue
General Information
Standard status
Active
Size
10,010 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$109,910
Site & Location
Neighborhood
Chapel Hill
Building Details
Year Built
2015
Tenancy
Single
Listing Agency:
Goodman Real Estate Services Group LLC
Listed By:
Robert Yaskanich · License #OH SAL.2007006313
Source:
Crexi
Added: Jun 1
Changed: Oct 5
Last Checked: Oct 23 at 3:38AM
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 Services Group LLC
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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 / Yr
$113,020
Cap Rate
9.00%
Suggested Prices Based on Cap Rates
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
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 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 9.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.46M
$2.15M – $2.87M
NOI $171,958 @ 7.0% cap · market cap 13.69%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
617
Businesses Nearby
35k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 86%
Dining 14%
Circle K
Shops & Services
15,873 visits/mo
0.2 miles
Dollar Tree
Shops & Services
8,335 visits/mo
0.1 miles
Nekter Juice Bar
Dining
3,849 visits/mo
0.3 miles
Enterprise Rent-A-Car
Shops & Services
2,009 visits/mo
0.4 miles
Shell
Shops & Services
1,734 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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Akron, OH
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 East Tallmadge Avenue Akron, OH.
What is the asking price?
The asking price for this property is $1,256,114.
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
