4764 Tuscarawas W St Canton, OH 44708-5341
- Outlet malls
- 12,000 SF
- 0.93 lot acres
Current Use by Public Records
- Dollar Tree / Dollar Store / Kitchen Supply Store
Property Details for 4764 Tuscarawas W St
- Year built
- 1974
- Construction
- FRAME
- Lot size
- 0.93 lot acres
- Property size
- 12,000 SF
- Property type
- Outlet malls
- APN
- 43-17352
- APU
- 4317352
Description
This exceptional investment opportunity presents a freestanding Dollar Tree located at 4764 Tuscarawas St W, Canton, OH 44708, within the Cleveland MSA. The property boasts 12,000 square feet on a 0.93-acre lot, currently operating at 100% occupancy under a Net Lease agreement with a corporate guarantee. The asking price is $1,395,630, representing a compelling $116.30 per square foot and a 7.85% cap rate, based on a Net Operating Income (NOI) of $109,557. The lease features three 5-year options and includes rent bumps. The tenant, Dollar Tree, benefits from its recession-resistant business model. Built in 1974, the property received a new roof in 2023. The location is highly desirable, with over 60,000 residents and 31,000+ daytime employees within a 3-mile radius. Its proximity to the Akron-Canton Regional Airport (an 18-minute commute) and the Pro Football Hall of Fame further enhances its appeal. The lease expires January 30, 2028, offering a remaining term of approximately 3.2 years. This is a rare opportunity to acquire a stable, high-performing retail asset with significant upside potential.
Value Estimations
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,021,000
Market price range: $481k - $1.45M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,035,000 Current use
- RESTAURANT
- $1,360,000 Change: +31% Conversion: Easy
- AUTO REPAIR, GARAGE
- $1,270,000 Change: +23% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $1,030,000 Change: -1% Conversion: Moderate
- OFFICE BUILDING
- $975,000 Change: -6% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Canton
- County
- Stark
- State
- Ohio
- Longitude
- -81.4358
- Latitude
- 40.7944
- CBSA code
- 15940
- CBSA name
- CANTON-MASSILLON, OH METROPOLITAN STATISTICAL AREA