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DULUTH & FREDDY’S NNN + 2 TENANT STRIP 5441-5445 Whipple Ave NW

22,057 SF 100% Leased Retail Building Canton, OH 44720 $8,215,000 ($372/SF) 7.50% Cap Rate

Retail Buildings Ohio Canton 5441-5445 Whipple Ave NW, Canton, OH 44720

Investment Highlights

  • “Class A” 3-Property Offering with Interstate Visibility in Belden Village – Canton, OH’s #1 Retail Trade Area
  • Prime Frontage to 25,000 VPD on Whipple Avenue NW; Just 0.2-Mile to I-77 Exit Ramps (I-77 Sees 85,500 VPD)
  • Potential Cap Rate Arbitrage Opportunity via Obtaining Separate Parcelization of Each Property & Executing Individual Dispositions
  • Weighted Average Lease Term (WALT) of 9.5 Years; All Leases have 10-15-Year Initial Terms and at Least Two 5-Year Options
  • 2 Single-Tenant Net Leased Buildings + 1 Two- Tenant NNN Strip – Very Little Management Responsibility
  • New Construction 2-Tenant Strip with 10-Year Leases and 2-Drive Thrus – Farmers National Bank & Caribou Coffee

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
22,057 SF
Year Built/Renovated
2018/2022
Price
$8,215,000
Price Per SF
$372
Cap Rate
7.50%
NOI
$615,908
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.09
Land Acres
5.89 AC

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Caribou Coffee
  • -
  • 99,999 SF
  • -
  • -
  • Duluth
  • -
  • 99,999 SF
  • -
  • -
  • Farmers National Bank Corp
  • -
  • 99,999 SF
  • -
  • -
  • Freddy's Frozen Custard & Steakburgers
  • -
  • 99,999 SF
  • -
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease End
Caribou Coffee - 99,999 SF - -
Duluth - 99,999 SF - -
Farmers National Bank Corp - 99,999 SF - -
Freddy's Frozen Custard & Steakburgers - 99,999 SF - -
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Nearby Major Retailers

Caribou Coffee
Earth Fare
Ww - Weight Watchers
Starbucks
Waffle House
ALDI
Fazoli's
Sarku Japan
Chili's
Scrambler Marie's

PROPERTY TAXES

Parcel Number 10010108 Improvements Assessment $1,056,060
Land Assessment $446,320 Total Assessment $1,502,380

PROPERTY TAXES

Parcel Number
10010108
Land Assessment
$446,320
Improvements Assessment
$1,056,060
Total Assessment
$1,502,380
(216) 264-2000

  • Listing ID: 32002780

  • Date on Market: 6/3/2024

  • Last Updated:

  • Address: 5441-5445 Whipple Ave NW, Canton, OH 44720

More public record information on 5441-5445 Whipple Ave NW, Canton, OH 44720

The Retail Property at 5441-5445 Whipple Ave NW, Canton, OH 44720 is currently available For Sale. Contact Marcus & Millichap for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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DULUTH & FREDDY’S NNN + 2 TENANT STRIP | 5441-5445 Whipple Ave NW
(216) 264-2000 x

DULUTH & FREDDY’S NNN + 2 TENANT STRIP | 5441-5445 Whipple Ave NW

1/2

Scott Wiles

(216) 264-2000

(216) 264-2000

Erin Patton

(614) 360-9800

(614) 360-9800

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