815 Copley Rd, Akron, OH 44320-2901
- Parking lots & garages
- 0.27 lot acres
Current Use by Public Records
- Dollar Tree / Grocery & Convenience Store / Food Market
Property Details for 815 Copley Rd
- Lot size
- 0.27 lot acres
- Property type
- Parking lots & garages
- APN
- 68-33288
- APU
- 6833288
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Oct 28, 2020 | — | Ammf Hjoldings LLC | — | Deed · related | $9.4M · Symetra Life Insurance Co |
| Dec 19, 2016 | $1,479,000 | Amvf Holdings LLC | Cmd Copley LLC | Trustees Deed · related | $1.2M · First Cmnwlt Bk |
| Apr 5, 2016 | — | Cmd Copley LLC | City Of Akron Ohio | Quit Claim Deed · related | $675k · Northwest Savings Bank |
| Apr 3, 2015 | — | City Of Akron | Sheriff Of Summit County|hierographics Online LLC | Trustees Deed · related | — |
| Aug 15, 2005 | $385,000 | Hierographics Online LLC | Harvest House Christian Center INC | Warranty Deed | $428k · National City Bank |
| Jul 21, 2004 | — | Harvest House Christian Ctr | Church Of The Living World INC | Grant Deed · related | — |
Description
This exceptional investment opportunity presents a single-tenant, net-leased Dollar Tree property situated at 815 Copley Rd, Akron, OH 44320. The 9,032 square foot building, constructed in 2016, sits on a 1.25-acre lot and boasts 100% occupancy. The property benefits from a strong location at the corner of Copley Road and Storer Avenue, providing multiple access points. The current lease, an absolute NNN agreement with a credit-rated tenant, commenced on December 31, 2016, and has a remaining term of approximately 2.1 years, with three 5-year renewal options, each including a 5% rent increase. The lease provides a stable income stream, reflected in the property's current Net Operating Income (NOI) of $112,448 and a compelling 9.25% cap rate. The asking price is $1,216,000. This represents a significant opportunity to acquire a well-located, stabilized retail asset in a densely populated market, just five minutes from downtown Akron. The property's low rent per square foot and strong tenant credit make it a compelling investment at well below replacement cost.
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Location Insight
- Map
- Local Demand
- City
- Akron
- County
- Summit
- State
- Ohio
- Longitude
- -81.5513
- Latitude
- 41.0839
- CBSA code
- 10420
- CBSA name
- AKRON, OH METROPOLITAN STATISTICAL AREA
