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Whipple Bradley Plaza 4918 Whipple Ave NW

20,751 SF Retail Building Canton, OH 44718 $3,135,000 ($151/SF) 8% Cap Rate

Retail Buildings Ohio Canton 4918 Whipple Ave NW, Canton, OH 44718

Investment Highlights

  • 100% Occupied, 20,751 SF Neighborhood Strip Center Located in Belden Village – Canton, OH’s #1 Retail Trade Area
  • New 7-Year Lease with MRI/Imaging Center on 4,300 SF Endcap (22.45% of GLA) at $16/SF NNN
  • Ease of Management with Only 6 Tenants/7 Units; Self-Managing could add 15 bps to CAP Rate (8.15% CAP)
  • Located in the Heart of the Belden Village Trade Area with 7.2 Million SF of Retail Leased to 98% Occupancy
  • Below-Market/Replaceable Rents Averaging $13.37/SF All-in
  • Less than 400 Feet from the Major Intersection of Belden Village Street NW & Whipple Ave NW with 42,320 VPD Combined

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
Freestanding
Building Size
20,751 SF
Building Class
C
Year Built
1999
Price
$3,135,000
Price Per SF
$151
Cap Rate
8%
NOI
$250,915
Tenancy
Single
Building Height
1 Story
Building FAR
0.30
Land Acres
1.61 AC
Parking
40 Spaces (1.93 Spaces per 1,000 SF Leased)
Frontage
194 FT on 50th St NW

Amenities

  • Pylon Sign
  • Signage
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Nearby Major Retailers

Giant Eagle
the Human Bean
Sky Zone
Planet Fitness
ALDI
Fazoli's
Waffle House
Sarku Japan
Chili's
Scrambler Marie's

PROPERTY TAXES

Parcel Number 05219288 Improvements Assessment $149,210
Land Assessment $97,410 Total Assessment $246,620

PROPERTY TAXES

Parcel Number
05219288
Land Assessment
$97,410
Improvements Assessment
$149,210
Total Assessment
$246,620
(216) 264-2000

  • Listing ID: 33594075

  • Date on Market: 10/22/2024

  • Last Updated:

  • Address: 4918 Whipple Ave NW, Canton, OH 44718

More public record information on 4918 Whipple Ave NW, Canton, OH 44718

The Retail Property at 4918 Whipple Ave NW, Canton, OH 44718 is currently available For Sale. Contact Marcus & Millichap for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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Whipple Bradley Plaza | 4918 Whipple Ave NW
(216) 264-2000 x

Whipple Bradley Plaza | 4918 Whipple Ave NW

Scott Wiles

(216) 264-2000

(216) 264-2000

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