S&P "A" Rated 15 Year Lease: Charles Schwab | 4141 Heritage Center Dr
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S&P "A" Rated 15 Year Lease: Charles Schwab 4141 Heritage Center Dr
5,000 SF Retail Building Copley, OH 44321 $4,675,000 ($935/SF) 5.75% Cap Rate
INVESTMENT HIGHLIGHTS
- High Investment Grade Offering: Corporate, Build-to-Suit, Single-Tenant, Publicly Traded Charles Schwab Inv. Bank (NYSE: SCHW/S&P “A”/Moody’s “A2")
- Dynamic Demographics with Unbelievably High Average Household Incomes of Over $205,000 Within a 1-Mile Radius and Over 55,000 People in 5-Mile Radius
- Charles Schwab Reports $9.92 Trillion in Client Assets, 36 Million Active Brokerage Accounts, 5.48 Million Daily Avg Trades & 2 Million Bank Accounts
- New NNN Lease with 14 Years of Term Remaining (No Early Termination Rights) and 10% Rental Increases in 2028 and 2033
- Modern Construction on Oversized 1.16-Acre Lot with Highly Visible Elevated Location, Prominent Monument Signage & 20-Year Transferrable Roof Warranty
- Heart of the Retail Corridor: Signalized Location Off Medina Road (Over 44,000 VPD) with Direct Access to I-77 (Less Than 0.5 Miles) with 111,770 VPD
EXECUTIVE SUMMARY
• High Investment Grade Offering: Corporate, Build-to-Suit, Single-Tenant, Publicly Traded Charles Schwab Investment Banking Office (NYSE: SCHW/S&P “A”/Moody’s
“A2”)
• New NNN Lease with 14 Years of Term Remaining (No Early Termination Rights) and 10% Rental Increases in 2028 and 2033
• Dynamic Demographics with Unbelievably High Average Household Incomes of Over $205,000 Within a 1-Mile Radius and Over 55,000 People in a 5-Mile Radius
• Modern Construction on Oversized 1.16-Acre Lot with Highly Visible Elevated Location, Prominent Monument Signage and 20-Year Transferrable Roof Warranty
• Strong Tenancy: Charles Schwab Reports $9.92 Trillion in Client Assets, 36 Million Active Brokerage Accounts, 5.48 Million Daily Average Trades and 2 Million Banking
Accounts
• Signalized Location Off Medina Road (Over 44,000 VPD) with Direct Access to I-77 (Less Than 0.5 Miles) with 111,770 VPD
• Heart of the Retail Corridor Surrounded by Amenities: 17 Hotels, Over 50 Restaurants, an Upscale Mall and Loads of Other Complimentary Users
• Positioned Directly Across from World-Renowned Cleveland Clinic’s Surgery Center at Akron General Health & Wellness (12 Operating Rooms and 2,600 Employees)
• Growing Community: Next to Newer Orange Theory Fitness, Brew Wall and VIO Med Spa Anchored Center, As Well As Brand-New Construction Primrose Daycare Center
(Opening Soon) and Vitalia Montrose Active Senior Living Villas
• Across from Well-Known, Expertly Manicured Embassy Parkway Office and Medical Corridor: Crystal Clinic (750+ Employees in Multiple Hospital/Office Locations), Risk
International Headquarters, Primeline Industries, CBIZ, and Many Other Attractive Office Buildings with High Occupancy Rates (Average 92%)
• Robust Akron/Copley Employment Base: Goodyear Tires (NASDAQ: GT, 3,000 Employees), The University of Akron (9 Miles, 26,000 Students, 2,600 Employees), Fortune
500, FirstEnergy (2,500 Employees), Signet (NYSE: SIG, Kay Jewelers/Jared Jewelers, 2,870 Employees) and Spectrum (2,095 Employees)
• Desirable Suburban Community with Highly Regarded Public School System
• Strategic Location Between Akron and Cleveland: Short 15 Minute Commute to Downtown Akron and 25 Minute Commute to Downtown Cleveland (27 Miles to Cleveland
Hopkins International Airport and 25 Miles to Akron-Canton Airport)
“A2”)
• New NNN Lease with 14 Years of Term Remaining (No Early Termination Rights) and 10% Rental Increases in 2028 and 2033
• Dynamic Demographics with Unbelievably High Average Household Incomes of Over $205,000 Within a 1-Mile Radius and Over 55,000 People in a 5-Mile Radius
• Modern Construction on Oversized 1.16-Acre Lot with Highly Visible Elevated Location, Prominent Monument Signage and 20-Year Transferrable Roof Warranty
• Strong Tenancy: Charles Schwab Reports $9.92 Trillion in Client Assets, 36 Million Active Brokerage Accounts, 5.48 Million Daily Average Trades and 2 Million Banking
Accounts
• Signalized Location Off Medina Road (Over 44,000 VPD) with Direct Access to I-77 (Less Than 0.5 Miles) with 111,770 VPD
• Heart of the Retail Corridor Surrounded by Amenities: 17 Hotels, Over 50 Restaurants, an Upscale Mall and Loads of Other Complimentary Users
• Positioned Directly Across from World-Renowned Cleveland Clinic’s Surgery Center at Akron General Health & Wellness (12 Operating Rooms and 2,600 Employees)
• Growing Community: Next to Newer Orange Theory Fitness, Brew Wall and VIO Med Spa Anchored Center, As Well As Brand-New Construction Primrose Daycare Center
(Opening Soon) and Vitalia Montrose Active Senior Living Villas
• Across from Well-Known, Expertly Manicured Embassy Parkway Office and Medical Corridor: Crystal Clinic (750+ Employees in Multiple Hospital/Office Locations), Risk
International Headquarters, Primeline Industries, CBIZ, and Many Other Attractive Office Buildings with High Occupancy Rates (Average 92%)
• Robust Akron/Copley Employment Base: Goodyear Tires (NASDAQ: GT, 3,000 Employees), The University of Akron (9 Miles, 26,000 Students, 2,600 Employees), Fortune
500, FirstEnergy (2,500 Employees), Signet (NYSE: SIG, Kay Jewelers/Jared Jewelers, 2,870 Employees) and Spectrum (2,095 Employees)
• Desirable Suburban Community with Highly Regarded Public School System
• Strategic Location Between Akron and Cleveland: Short 15 Minute Commute to Downtown Akron and 25 Minute Commute to Downtown Cleveland (27 Miles to Cleveland
Hopkins International Airport and 25 Miles to Akron-Canton Airport)
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$268,867
|
$53.77
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $268,867 |
| Annual Per SF | $53.77 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
5,000 SF
Building Class
B
Year Built
2023
Price
$4,675,000
Price Per SF
$935
Cap Rate
5.75%
NOI
$268,813
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.16 AC
Parking
8 Spaces (1.6 Spaces per 1,000 SF Leased)
AMENITIES
- Banking
- Conferencing Facility
- Fenced Lot
- Signage
- Skylights
- Wheelchair Accessible
- Monument Signage
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Finance and Insurance
- 5,000 SF
- -
- Triple Net
- Sep 2038
Charles Schwab is a different kind of investment services firm – one that strives to disrupt the status quo of the traditional Wall Street approach on behalf of their clients. They believe today, as they did on Day 1, that when finding ways to improve the investing experience for clients, then business results will follow.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Finance and Insurance | 5,000 SF | - | Triple Net | Sep 2038 |
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S&P "A" Rated 15 Year Lease: Charles Schwab | 4141 Heritage Center Dr
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