4764 Tuscarawas StCanton, OH 44708

For Sale
$1,395,630

High-yield retail investment, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional investment opportunity presents a freestanding Dollar Tree located at 4764 Tuscarawas St W, Canton, OH 44708, within the Cleveland MSA. The property boasts 12,000 square feet on a 0.93-acre lot, currently operating at 100% occupancy under a Net Lease agreement with a corporate guarantee. The asking price is $1,395,630, representing a compelling $116.30 per square foot and a 7.85% cap rate, based on a Net Operating Income (NOI) of $109,557. The lease features three 5-year options and includes rent bumps. The tenant, Dollar Tree, benefits from its recession-resistant business model. Built in 1974, the property received a new roof in 2023. The location is highly desirable, with over 60,000 residents and 31,000+ daytime employees within a 3-mile radius. Its proximity to the Akron-Canton Regional Airport (an 18-minute commute) and the Pro Football Hall of Fame further enhances its appeal. The lease expires January 30, 2028, offering a remaining term of approximately 3.2 years. This is a rare opportunity to acquire a stable, high-performing retail asset with significant upside potential.

Highlights

  • Single-tenant, freestanding Dollar Tree in Canton, OH.
  • Located in the Cleveland MSA, ranked #34 in the USA.
  • 12,000 SF building on a 0.93-acre lot.
  • Strong demographics: 60,000+ residents and 31,000+ daytime employees within a 3-mile radius.
  • 18-minute commute to Akron-Canton Regional Airport.
  • Less than 10 minutes from the Pro Football Hall of Fame.

Property Details for 4764 Tuscarawas St

Property type
Other retail properties, Individual retail properties
Square Feet
12,000 SF
Year Built
1974
Lot Size (sq. ft)
40,511 SF

Location Insight

City
Canton
County
Stark
State
Ohio
Latitude
40.7942537
Longitude
-81.4358138
4764 Tuscarawas St, Canton, Ohio

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4764 Tuscarawas St
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