2249 State Rd Cuyahoga Falls, OH 44223
- Retail properties
- 6,796 SF
- 0.68 lot acres
Current Use by Public Records
- Advance Auto Parts / Auto Parts Store / Car Accessories Store
- UPS Access Point location / Shipping And Mailing Service / Mailing Service
Property Details for 2249 State Rd
- Year built
- 2004
- Lot size
- 0.68 lot acres
- Property size
- 6,796 SF
- Property type
- Retail properties
- Property subtype
- Auto shops
Description
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.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cuyahoga Falls
- County
- Summit
- State
- Ohio
- Longitude
- -81.5082
- Latitude
- 41.1379
