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Turnkey Investment With Long-Term NN Lease 7944 Whipple Ave NW
38,525 SF 100% Leased Industrial Building Online Auction Sale Canton, OH 44720
Investment Highlights
- This turnkey investment offers a 100% occupied industrial asset on an NN lease with publicly traded tenant UniFirst (UNF) through 2033.
- Located just off Interstate 77, across from the Akron-Canton Airport, reachable in 15 minutes from Downtown Canton & 20 minutes from Downtown Akron.
- Both buildings on the property have received extensive tenant improvements in recent years.
- Desirable features include a 17' to 23' clear height, a 3-phase/1,200-amp power supply, on-site vehicle and trailer parking, and 11 drive-in doors.
- More than 20% of the workforce within 5 miles is employed in industrial segments, providing a highly qualified pipeline of new talent.
Executive Summary
7944 Whipple Avenue NW stands out from the crowd with a wealth of desirable modern features. The two-building campus totals 38,525 square feet and provides a 17- to 23-foot clear height, a 3-phase/1,200-amp power supply, and 11 grade-level drive-in doors. The facility’s 5.94-acre lot offers abundant on-site vehicle and trailer parking, professional landscaping, and monument signage. Additionally, UniFirst has invested extensive tenant improvements into improving the property and building it out for its operations. The current lease is set to run for nine more years, providing stable income to a new owner.
A fantastic location just off Interstate 77 makes 7944 Whipple Avenue NW the perfect home for industrial operations. This vital artery connects to Canton in 15 minutes and Akron in 20 minutes, providing easy access to both markets. The Akron-Canton Regional Airport is located directly across the Interstate, offering additional long-distance logistics solutions. The area is also a dense commercial node, allowing employees to easily find shopping and dining amenities within minutes of the property.
7944 Whipple Avenue NW is supported by a robust demographic profile within 5 miles of the property. The population of more than 97,000 is highly educated, with 35% carrying a bachelor’s degree or higher and an average household income exceeding $101,000. This dependable pipeline of well-qualified future employees ensures strong tenant retention.
Don’t miss out on the chance to acquire a fully occupied and income-producing industrial asset with a fully NN lease and limited landlord responsibilities at 7944 Whipple Avenue.
Data Room Click Here to Access
- Operating and Financials
- Purchase Agreement
- Title and Insurance
Market Analytics Click Here to Access
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Market Sale Price per SF
Canton - OH USA
Market Cap Rate
Canton - OH USA
Market Sale Price per SF by Star Rating
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Market Sale Price per SF Distribution
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Property Facts
| Sale Type | Investment | Rentable Building Area | 38,525 SF |
| Sale Conditions | Auction Sale | No. Stories | 1 |
| Property Type | Industrial | Year Built | 1972 |
| Property Subtype | Warehouse | Tenancy | Single |
| Building Class | C | Parking Ratio | 1.04/1,000 SF |
| Lot Size | 5.94 AC | No. Drive In / Grade-Level Doors | 11 |
| Sale Type | Investment |
| Sale Conditions | Auction Sale |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 5.94 AC |
| Rentable Building Area | 38,525 SF |
| No. Stories | 1 |
| Year Built | 1972 |
| Tenancy | Single |
| Parking Ratio | 1.04/1,000 SF |
| No. Drive In / Grade-Level Doors | 11 |
About Stark County
Stark County is among the 10 most populous counties in Ohio and is home to more than 370,000 residents. Manufacturing and education and health services represent the top industries in the area. Major employers include Alliance Community Hospital, Stark State College, and Heinz North America. The area is accessible via Interstate 77 and is home to the Akron-Canton Airport, which recently received a $1.1 million grant from the Federal Aviation Administration that will go towards infrastructure projects.
Stark County includes some of the most sought-after suburbs in the Canton metro area, including North Canton, Greentown, and Uniontown. The area is perhaps best known as the home of the Pro Football Hall of Fame, which attracts around 200,000 visitors annually. A $900 million mixed-use expansion is underway at the Hall of Fame and includes two hotels, an indoor waterpark, an office complex, a convention center, and a retail promenade.
The Canton area is a strategic industrial market and provides tenants with access to Ohio’s growing advanced manufacturing sector at a more affordable rate compared to neighboring markets such as Akron and Cleveland. Stark County captures the majority of leases in the market, with tenants including Synchrony Financial, McKinley Health Care Center, and Mac Trailer Manufacturing. Investors are active in the area, and annual sales volume has maintained elevated levels over recent years.
DEMOGRAPHICS
Regional Accessibility
PROPERTY TAXES
| Parcel Number | 01616263 | Improvements Assessment | $429,730 |
| Land Assessment | $273,180 | Total Assessment | $702,910 |
PROPERTY TAXES
zoning
| Zoning Code | I1 |
| I1 |
Sale Advisor
Sale Advisor
Steve Marcelli, Vice President
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Turnkey Investment With Long-Term NN Lease | 7944 Whipple Ave NW
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