970 Copley Rd Akron, OH 44320
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Akron, OH: Strong Net Lease Investment
Property size:
10,645 SFProperty Features for 970 Copley Rd
General Information
- Property type
- Individual retail properties
- Square Feet
- 10,645 SF
- Lot Size
- 54,450 SF
Building Details
- Year Built
- 1997
- Buildings
- 1
Listing Agency: CBRE | Cleveland Listing Agent: Kevin Moss
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional investment opportunity presents a 10,645-square-foot Family Dollar storefront in Akron, Ohio, situated on a 1.25-acre lot. Boasting a strong 8.00% cap rate and a substantial net operating income (NOI) of $99,841, this property offers a secure, long-term investment. The property features a 15-year net lease with Family Dollar, commencing October 22, 2014, and expiring December 31, 2029, leaving approximately 5.1 years remaining. The lease includes three, 5-year renewal options with a 10% rent increase in each. Built in 1997 and previously operating as a drugstore, Family Dollar has occupied the site since 2002, demonstrating a long-term commitment to the location. The property enjoys excellent visibility and access, located on a hard corner at the signalized intersection of Copley Road (13,911 vehicles per day) and Storer Avenue (2,721 vehicles per day), less than 3 miles from downtown Akron and 1 mile from I-77 (75,733 vehicles per day). With 39 parking spaces and a built-in customer base of over 7,100 households within a 1-mile radius, this property offers a compelling combination of strong tenant, location, and lease terms. The property includes one building and is 100% occupied. The asking price is $1,248,000.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Family Dollar
Discount Store
Location Insight
- Map
- Local Demand
- City
- Akron
- County
- Summit
- State
- Ohio
- Longitude
- -81.5568533
- Latitude
- 41.0846627
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FAQs
What type of property is this?
Individual retail property - Akron, OH: Strong Net Lease Investment
Where is this individual retail property located?
The property is located at 970 Copley Rd Akron, OH.
What is the asking price?
The asking price for this property is $1,248,000.
What are key features of this property?
This property features: Family Dollar net lease investment with $1,248,000 asking price and 8.00% cap rate.; 5.1 years remaining on a 15-year lease with three, 5-year renewal options at 10% rent increases each.; 10,645 SF building on a 1.25-acre lot with 39 parking spaces, located at a hard corner with high visibility in Akron, OH.