267 Wabash N Ave Brewster, OH 44613-1039
- Outlet malls
- 7,800 SF
- 1.00 lot acres
Current Use by Public Records
- Family Dollar / Clothing Store / Toy Store
- Redbox / Movie Rental Kiosk / Dvd Store
Property Details for 267 Wabash N Ave
- Year built
- 2002
- Construction
- BRICK
- Lot size
- 1.00 lot acres
- Property size
- 7,800 SF
- Property type
- Outlet malls
- APN
- 70-01776
- APU
- 7001776
Description
This exceptional investment opportunity presents a 8,000 square foot storefront located at 267 Wabash Ave N, Brewster, OH 44613. Built in 2002, this single-story building boasts a strong 8.50% cap rate and a Net Operating Income (NOI) of $44,100, with an asking price of $518,900. The property is currently leased to Family Dollar Stores, Inc., a tenant with an S&P BBB credit rating, providing a corporate guaranty. The lease features a NNN structure and has 6.2 years remaining, with a built-in 17% rent increase scheduled for 2031. The current rent is easily replaceable at $5.51 per square foot. This prime location benefits from high traffic visibility, with direct access and frontage to 6,130 vehicles per day – the highest traffic count in Brewster. A significant competitive advantage exists due to the property's status as the only dollar store within a 6-mile radius. The property is directly adjacent to the Wheeling & Lake Erie Railway Company Headquarters, further enhancing its strategic location and potential. This is a rare opportunity to acquire a stable, high-performing retail investment in a desirable Ohio market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $650,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $540,000
- 6.5%
- $530,000
- 7%
- $550,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $445,000
- Geo Method
- $550,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $575,000
- Retail
- $585,000
- Mixed-Use
- $510,000
- Hospitality
- $550,000
- Educational
- $470,000
- Residential Income
- $565,000
- Energy
- $480,000
- Income-Based Land
- $570,000
- Food Service
- $505,000
Location Insight
- Map
- Local Demand
- City
- Brewster
- County
- Stark
- State
- Ohio
- Longitude
- -81.598
- Latitude
- 40.717
- CBSA code
- 15940
- CBSA name
- CANTON-MASSILLON, OH METROPOLITAN STATISTICAL AREA