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11734-11740 South Ave
North Lima, OH 44452 Outer Canfield/Poland

$2,340,000 USD

General Retail For Sale  •  23,541 SF

Property Details

  • Property Type General Retail
  • Total Building Size 23,541 SF
  • Lot Size 2.63 AC
  • Building Class B
  • Year Built 1980
  • Cap Rate 7.50 %
  • Tenancy Multiple
  • Zoning G-C
0 Transit Score
20 Walk Score

Highlights

Value-Add Opportunity: Significantly Below Market Rents on One Anchor Tenant in Approximately 50% of Center with No Renewal Options Remaining
100% Occupied, Credit Rated Center Anchored by Dollar Tree (NASDAQ: DLTR, Moody’s “Baa2” and S&P “BBB”) at Attractive Low Price Point of $99/S.F.
Successful Tenancy: All Long-Term Tenants Consistently Exercised Renewals & Addl. Potential Major Upside in Converting Modified Gross Leases to NNN
Desirable, Affluent Market: Strategic, High Traffic Location with Average Household Incomes Over $143,000 Within 1-Mile Radius
Located Within Highly Regarded South Range Local School District (Top Ranked School District by U.S News & World Report)
Immaculate Curb Appeal at Signalized Corner Location with Approximately 25,000 Vehicles Per Day and Less than 15 Miles from Downtown Youngstown

Property Flyers

Cap Rate: 7.50 %

Major Tenants

Tenant SF Occupied Lease End Date
Dollar Tree (NASDAQ: DLTR, S&P "BBB") 9,108 SF 9/1/2031
Huntington Bank ATM (NASDAQ: HBAN) 8/1/2027
Lamar Advertising Company Billboard (NASDAQ: LAMR) 3/1/2044
Pizza Joes 2,800 SF 9/1/2028
Posh Places 11,708 SF 8/1/2031

Amenities

  • Banking
  • Corner Lot
  • Dedicated Turn Lane
  • Pylon Sign
  • Restaurant
  • Signage
  • Signalized Intersection
  • Drive Thru

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 125
Type: Surface
Included in Rent: Yes
Dan Cooper 440-915-7902 Cooper Commercial Investment Group
Dan Cooper 440-915-7902 Cooper Commercial Investment Group