4141 Heritage Ctr Dr Copley, OH 44321

Property Details for 4141 Heritage Ctr Dr

Year built

2023

Lot size

1.16 lot acres

Property size

5,000 SF

Property type

Retail properties

Property subtype

Office Properties & Spaces

Description

This exceptional investment opportunity presents a 5,000 square foot, single-tenant Charles Schwab bank building situated on a 1.16-acre lot in Copley, Ohio. Built in 2023, the property boasts a new NNN lease with a remaining term of 14 years, expiring August 30, 2038, and includes rent bumps in 2028 and 2033. The property features 22 parking spaces and enjoys a highly visible location with prominent signage. The asking price is $5,125,000, representing a 5.25% cap rate and a net operating income (NOI) of $268,867. The property benefits from its strategic location in a thriving commercial corridor, directly across from the Cleveland Clinic's Surgery Center and near numerous amenities, including hotels, restaurants, and other retail establishments. The surrounding area exhibits strong demographics, with average household incomes exceeding $205,000 within a one-mile radius. This investment is further enhanced by the robust employment base in the Akron/Copley area, including major employers such as Goodyear Tires, The University of Akron, FirstEnergy, and Signet. Easy access to I-77 and proximity to both Akron and Cleveland provide excellent accessibility. The property's modern construction, oversized lot, and long-term lease with a creditworthy tenant make this a compelling investment opportunity. The 20-year transferable roof warranty adds further value. This is a rare chance to acquire a high-quality, income-producing asset in a prime location with significant growth potential.

Location Insight

City

Copley

County

Summit

State

Ohio

Longitude

-81.6581

Latitude

41.1352