4503 Tuscarawas W St Canton, OH 44708-5336

This exceptional investment opportunity presents a stabilized, 100% occupied, multi-tenant retail property featuring AT&T, Checkers and Rally's, and Charleys. The 6,200 square foot property, situated on a 1.06-acre lot at 4503 Tuscarawas St W, Canton, OH 44708, boasts a strong 7.25% cap rate and a substantial NOI of $157,501. Comprised of two buildings, one constructed in 1976 and the other in 2020, the property underwent extensive renovations in 2022, including new build-outs and ground-up construction for Rally's. Significant improvements completed since 2017 include a new TPO roof (2020), parking lot paving (2017), and new HVAC systems (2019/2022), totaling over $600,000 in upgrades. The property benefits from a prime location on Tuscarawas Street West, a major thoroughfare connecting Canton and Massillon, experiencing high daily vehicle traffic (19,100 VPD) and situated near a significant retail corridor. The property's proximity to major retailers like Walmart, JCPenney, and others further enhances its visibility and appeal. The ground lease extends until March 31, 2035, with built-in rent bumps. This is a rare opportunity to acquire a well-maintained, high-performing retail investment in a densely populated area with strong demographics (10,624 residents within 1 mile, 64,514 within 3 miles, and 152,140 within 5 miles). The property's three tenants enjoy an average lease term remaining of 8.1 years, with a weighted average lease term of 7.8 years. The asking price is $2,172,000, translating to $350.32 per square foot.