Absolute NNN Retail
New
For Sale
$1,125,000
1060 Kenmore Blvd, Akron, OH 44314
The retail building is leased to Rita's Italian Ice under an absolute triple net structure.
Property Size4,123 SF
Price / SF$272.86
Days on Market2
Property Features for 1060 Kenmore Blvd
General Information
Standard status
Active
Size
4,123 SF
Property subtype
Restaurant
Lease Type
Absolute Net
Site & Location
Neighborhood
Kenmore
Additional Details
Cap Rate
7.1%
Tenant in Place
Yes
Amenities
New 10-year triple-net (NNN) lease featuring 10% rental increases every five years and additional percentage rent.
Established National Brand | 600+ Locations
Zero Landlord Responsibilities
Located along Kenmore Boulevard in Akron's revitalizing Kenmore Boulevard Historic District, a commercial district serving 17,000+ residents and more than 90,000 workers within a 10-minute drive.
Building Details
Building Size
4,123 SF
Buildings
1
Tenancy
Single
Listed By:
Debbie Franklin · License #License(s): FL: SL3282650
(786) 522-7037
Source:
Marcusmillichap
Added: Oct 30
Last Checked: Oct 30 at 3:17PM
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 Debbie Franklin
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 4,123-square-foot retail building at 1060 Kenmore Blvd in Akron, Ohio, is leased to Rita's Italian Ice. The lease is an absolute triple net agreement with a 10-year term. The property occupies a lot of nearly 1 acre.
Key Highlights
- 4,123‑square‑foot retail building
- 10‑year absolute triple net lease
- Tenant: Rita's Italian Ice
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,552
Cap Rate
4.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$931,040
$931.0K
Cap Rate 7%
$665,029
$665.0K
Cap Rate 9%
$517,244
$517.2K
Market Conditions
NOI Build-Up for 4,123 SF
Gross rent
$68.8K $16.68/SF
− Vacancy
−$2.3K −$0.55/SF
EGI
$66.5K $16.13/SF
− OpEx
−$20.0K −$4.84/SF
NOI
$46.6K $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%
$931,040
Cap Rate 7%
$665,029
Cap Rate 9%
$517,244
Alternative Uses
Best Use
Retail
$665.0K
$581.9K – $775.9K
NOI $46,552 @ 7.0% cap · market cap 4.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.01M
$885.3K – $1.18M
NOI $70,827 @ 7.0% cap · market cap 6.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
386
Businesses Nearby
26k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 74%
Shops & Services 26%
Acme Fresh Market
Groceries
18,903 visits/mo
0.5 miles
Family Dollar
Shops & Services
6,670 visits/mo
0.1 miles
Demographics for 44314, OH
17,686
Population
9,085
Households
1.9
Avg Household Size
39
Median Age
12%
College-Educated
87%
High-School Grad
4.4 sq mi
ZIP Area
4,020
Density / Sq Mi
$47,358
Median Household Income
$31,481
Median Earnings
$924
Median Rent
$83,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Akron, OH
Frequently Asked Questions
What type of property is this?
NNN property - The retail building is leased to Rita's Italian Ice under an absolute triple net structure.
Where is this nnn property located?
The property is located at 1060 Kenmore Blvd Akron, OH.
What is the asking price?
The asking price for this property is $1,125,000.
What are key features of this property?
This property features: 4,123‑square‑foot retail building; 10‑year absolute triple net lease; Tenant: Rita's Italian Ice
