AT&T Strip & Rally's Ground Lease | 4503 Tuscarawas St W
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AT&T Strip & Rally's Ground Lease 4503 Tuscarawas St W
6,200 SF 100% Leased Retail Building Canton, OH 44708 $1,995,000 ($322/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% Occupied, 6,200 SF, 2-Tenant Retail Strip + Freestanding Rally’s Ground Lease in Canton, OH
- Renovated and Fully Re-tenanted from 2019 thru 2022 Including All-New Build-outs and Ground-up New Construction of Rally’s
- Situated on Tuscarawas Street West with 19,100 VPD – Central Location within in Well-Occupied Daily Needs Retail Corridor & Commuter Route
- 8.1 Years Average Term Remaining / 7.8 Years WALT
- Minimal Deferred Maintenance: New TPO Roof in 2020, Parking Lot Paved in 2017, New HVAC 2019/2022, and $600K+ of Major Improvements in 2022
- 41,380 VPD Combined Just One Block East at Signalized Intersection of Tuscarawas St W & Whipple Ave NW
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access
| 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 | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
6,200 SF
Year Built/Renovated
1976/2022
Price
$1,995,000
Price Per SF
$322
Cap Rate
8%
NOI
$159,575
Percent Leased
100%
Building Height
1 Story
Building FAR
0.13
Lot Size
1.06 AC
Walk Score®
Very Walkable (70)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 10011248 | Improvements Assessment | $83,760 (2024) |
| Land Assessment | $37,210 (2024) | Total Assessment | $120,970 (2024) |
PROPERTY TAXES
Parcel Number
10011248
Land Assessment
$37,210 (2024)
Improvements Assessment
$83,760 (2024)
Total Assessment
$120,970 (2024)
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AT&T Strip & Rally's Ground Lease | 4503 Tuscarawas St W
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