4918 Whipple Ave Canton, OH 44718
- Lifestyle centers
- 20,751 SF
- 1.61 lot acres
Current Use by Public Records
- Lifestyle centers
Property Details for 4918 Whipple Ave
- Year built
- 1999
- Lot size
- 1.61 lot acres
- Property size
- 20,751 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional investment opportunity presents Whipple Bradley Plaza, a 20,751 square foot, single-story shopping center in Canton, Ohio's premier Belden Village retail area. Boasting 100% occupancy across seven units, the property generates a strong net operating income (NOI) of $250,915, resulting in an attractive 8.00% capitalization rate. The center benefits from a diverse tenant mix, including a newly signed 7-year lease with a medical imaging center occupying a 4,300 square foot endcap space. Major tenants, such as a U.S. Armed Forces Career Center and a health & fitness retailer, contribute significantly to the property's stability, with leases extending into 2026 and 2027, respectively. Below-market rents averaging $13.37 per square foot all-in offer significant upside potential. Built in 1999 on a 1.61-acre lot, the property enjoys excellent visibility and accessibility, situated less than 400 feet from a major intersection with high daily vehicle traffic (42,320 VPD) and close proximity to I-77 (85,500 VPD). Its location near the Pacific Retail-owned Belden Village Mall and other major retailers further enhances its desirability. The property's strong demographics, including a high average household income within a 3-5 mile radius, contribute to its consistent performance. This well-managed asset, with the potential for self-management to increase the cap rate, presents a compelling investment opportunity in a thriving retail market. The asking price is $3,135,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Canton
- County
- Stark
- State
- Ohio
- Longitude
- -81.4228
- Latitude
- 40.8533
