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200-260 N Main St
Rittman, OH 44270

Price Upon Request

General Retail For Sale • 62,610 SF

Property Details

Property Type General Retail
Total Building Size 62,610 SF
Lot Size 6 AC
Building Class B
Year Built 1964
Tenancy Multiple
Zoning C2

0 Transit Score

59 Walk Score

                
                    Highlights
                
                                77% Occupied, 51,997 SF Value-Add, Grocery-Anchored Center with Burger King Out-Parcel Included.
                            
                                Anchored by IGA Grocery Store (41% of Occupied GLA) – Tenant Since 2003, with Recent Lease Extension thru 10/2032.
                            
                                Predominately National Roster of Non-Anchor Co-Tenants: Dollar Tree(25% of Occupied GLA), Family Dollar(24% of Occupied GLA), & Pizza Hut (3% of GLA).
                            
                                Burger King Reports Extremely-High Sales of $1.906M (+/- 20% Above Reported Chainwide AUV); BK Pays $20K in Base-Rent + $30K in %-Rent.
                            
                                Upside thru 22.6% of Vacant GLA | 11,737 SF of Vacant Space, 4 Units Ranging 1,500 – 4,000 SF.
                            
                                Low Rental Rate for IGA ($6.27/SF NNN, $7.94/SF All-In) Promotes Site-Level Profitability.

Amenities

Signage
Signalized Intersection

Public Transportation

Airport	Drive	Walk	Distance
Akron-Canton Regional	38 min	-	28.7 mi
Cleveland-Hopkins International	54 min	-	37.1 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	330
Type:	Surface
Included in Rent:	Yes

Scott Wiles 216-264-2000 Marcus & Millichap

200-260 N Main St Rittman, OH 44270