480 West Market Street Akron, OH 44302
Well-maintained fast food property with an active Mr. Hero tenant under a remaining NN lease term.
Property Features for 480 West Market Street
General Information
- Standard status
- Active
- Size
- 1,584 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1978
Listing office NAI Pleasant Valley
Listing date Jul 9, 2026
Source Crexi
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Investment Insights
Based on property information with market context.
The asset is located near the Highland Square area of Akron, Ohio, at 480 West Market Street.
With a current tenant in place and a defined lease structure that includes renewal option timing through 2027, the property offers an established operating footprint for qualified buyers.
Key Highlights
- Fast food property built in 1978
- Current tenant: Mr. Hero fast food
- NN lease with four years remaining and a 5‑year renewal option
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.4k | $16.68 |
| − Vacancy | −$872 | −$0.55 |
| EGI | $25.5k | $16.13 |
| − OpEx | −$6.4k | −$4.03 |
| NOI | $19.2k | $12.10 |
