Free-Standing Dollar Tree
For Sale
Contact for pricing
1038 East Tallmadge Avenue, Akron, OH 44310
Fee-simple sale of a free-standing Dollar Tree on a major retail corridor with access to the SR-8 interchange.
Property Size10,010 SF
Price / SF$125.49
Days on Market70
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
Additional Details
Cap Rate
8.25%
Highway Access
Yes
Building Details
Year Built
2015
Tenancy
Single
Listing Agency:
Goodman Real Estate Services Group LLC Columbus
Listed By:
Robert Yaskanich · License #OH SAL.2007006313
Source:
Crexi
Added: Jun 1
Changed: Aug 8
Last Checked: Aug 8 at 7:44AM
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 Columbus
Investment Insights
Based on property information with market context.
This offering is the 100% fee-simple interest in a free-standing Dollar Tree retail property. The site is configured as a single, stand-alone retail building designed for an essential off-price variety store format.
The property is located at 1038 E Tallmadge Ave in Akron, Ohio, positioned along the East Tallmadge Avenue retail corridor. It provides access to the SR-8 Tallmadge Avenue interchange and sits near the OhioMeansJobs Summit County Center. The Howe Avenue retail node nearby includes Home Depot, Giant Eagle, and Marc’s.
For buyers, this asset provides direct ownership of a branded, single-tenant retail location in a dense urban infill trade area. The surrounding area is anchored 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. This combination of established retail nearby and local employment base may support long-term tenant fit for businesses seeking a well-situated retail footprint in the North Hill area.
The property is located at 1038 E Tallmadge Ave in Akron, Ohio, positioned along the East Tallmadge Avenue retail corridor. It provides access to the SR-8 Tallmadge Avenue interchange and sits near the OhioMeansJobs Summit County Center. The Howe Avenue retail node nearby includes Home Depot, Giant Eagle, and Marc’s.
For buyers, this asset provides direct ownership of a branded, single-tenant retail location in a dense urban infill trade area. The surrounding area is anchored 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. This combination of established retail nearby and local employment base may support long-term tenant fit for businesses seeking a well-situated retail footprint in the North Hill area.
Key Highlights
- 100% fee‑simple interest in a free‑standing Dollar Tree at 1038 E Tallmadge Ave, Akron, OH 44310
- Built in 2015
- Located along the East Tallmadge Avenue retail corridor with access to the SR‑8 Tallmadge Avenue interchange
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
9.00%
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 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.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
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 free-standing Dollar Tree on a major 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 a free‑standing Dollar Tree at 1038 E Tallmadge Ave, Akron, OH 44310; Built in 2015; Located along the East Tallmadge Avenue retail corridor with access to the SR‑8 Tallmadge Avenue interchange
