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    2249 State Rd Cuyahoga Falls, OH 44223

    For Sale
    $1,850,000

    Net-leased auto parts store, strong ROI.

    Property size:
    6,796 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a 6,796-square-foot Advance Auto Parts store located in Cuyahoga Falls, Ohio, within the Akron MSA. The property sits on a 0.68-acre lot with 33 parking spaces and boasts excellent visibility at a signalized intersection with high daily traffic volume (16,576 vehicles). Built in 2004, the building is currently 100% occupied under a net lease with a prominent national tenant. The lease, originally set to expire in 2019, has been extended twice, most recently through December 31, 2034, providing approximately 10.1 years of remaining lease term. The lease includes three 5-year renewal options, each with a $1.00 per square foot rent increase. The property generates a strong net operating income (NOI) of $116,790, resulting in a 6.35% cap rate. The location benefits from a substantial built-in customer base, with over 5,800 households within a 1-mile radius and significant retail, office, and residential development within a 3-mile radius. This is a rare opportunity to acquire a well-performing, net-leased asset with a long-term tenant and significant upside potential. The asking price is $1,850,000.

    Property Features for 2249 State Rd

    General Information

    Property type
    Automotive properties
    Square Feet
    6,796 SF
    Lot Size
    29,621 SF

    Building Details

    Year Built
    2004

    HighLights

    • Recently extended net lease with Advance Auto Parts through 2034; ±10.3 years remaining, with three 5‑year renewal options at a $1.00 PSF increase each.
    • Advance Auto Parts has occupied this location since 2004 (19‑year operating history).
    • High visibility location on a hard corner at a signalized intersection (North Haven Blvd & State Rd, 16,576 VPD), less than 5 miles from downtown Akron.
    • Strong surrounding demographics: 7.4 MSF retail, 2.1 MSF office, 8.6 MSF industrial, and 9,825 multifamily units within 3 miles.
    • Over 5,800 households within a 1‑mile radius provide a substantial built‑in customer base.
    Property Profile Location Intelligence

    Current Use by Public Records

    Advance Auto Parts Auto Parts Store UPS Access Point ... Shipping And Mailing Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cuyahoga Falls
    County
    Summit
    State
    Ohio
    Longitude
    -81.5082503
    Latitude
    41.1379074

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    FAQs

    What type of property is this?
    Automotive property - Net-leased auto parts store, strong ROI.
    Where is this automotive property located?
    The property is located at 2249 State Rd Cuyahoga Falls, OH.
    What is the asking price?
    The asking price for this property is $1,850,000.
    What are key features of this property?
    This property features: Recently extended net lease with Advance Auto Parts through 2034; ±10.3 years remaining, with three 5-year renewal options at a $1.00 PSF increase each.; Advance Auto Parts has occupied this location since 2004 (19-year operating history).; High visibility location on a hard corner at a signalized intersection (North Haven Blvd & State Rd, 16,576 VPD), less than 5 miles from downtown Akron.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2249 State Rd Cuyahoga Falls, OH 44223
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