4141 Heritage Ctr DrCopley, OH 44321

For Sale
$5,125,000

High-yield, NNN-leased bank in Copley, OH

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a 5,000 square foot, single-tenant Charles Schwab bank building situated on a 1.16-acre lot in Copley, Ohio. Built in 2023, the property boasts a new NNN lease with a remaining term of 14 years, expiring August 30, 2038, and includes rent bumps in 2028 and 2033. The property features 22 parking spaces and enjoys a highly visible location with prominent signage. The asking price is $5,125,000, representing a 5.25% cap rate and a net operating income (NOI) of $268,867. The property benefits from its strategic location in a thriving commercial corridor, directly across from the Cleveland Clinic's Surgery Center and near numerous amenities, including hotels, restaurants, and other retail establishments. The surrounding area exhibits strong demographics, with average household incomes exceeding $205,000 within a one-mile radius. This investment is further enhanced by the robust employment base in the Akron/Copley area, including major employers such as Goodyear Tires, The University of Akron, FirstEnergy, and Signet. Easy access to I-77 and proximity to both Akron and Cleveland provide excellent accessibility. The property's modern construction, oversized lot, and long-term lease with a creditworthy tenant make this a compelling investment opportunity. The 20-year transferable roof warranty adds further value. This is a rare chance to acquire a high-quality, income-producing asset in a prime location with significant growth potential.

Highlights

  • Investment-grade, single-tenant Charles Schwab bank building (NYSE: SCHW, S&P "A", Moody's "A2").
  • New 14-year NNN lease with 10% rent increases in 2028 and 2033; no early termination rights.
  • Exceptional demographics: Average household income over $205,000 within one mile; over 55,000 people within five miles.
  • Modern construction on a 1.16-acre lot; highly visible location with prominent signage and a 20-year transferable roof warranty.
  • Strong tenant: Charles Schwab boasts $9.92 trillion in client assets, 36 million brokerage accounts, and 2 million banking accounts.
  • Excellent visibility and access: Signalized location on Medina Road (44,000+ VPD), less than 0.5 miles from I-77 (111,770 VPD).

Property Details for 4141 Heritage Ctr Dr

Property type
Other retail properties, Individual retail properties
Square Feet
5,000 SF
Year Built
2023
Lot Size (sq. ft)
50,530 SF

Location Insight

City
Copley
County
Summit
State
Ohio
Latitude
41.135152
Longitude
-81.658074
4141 Heritage Ctr Dr, Copley, Ohio

FAQs

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4141 Heritage Ctr Dr
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