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This exceptional investment opportunity presents a 3,960 square foot Sherwin-Williams storefront located at 6483 Dressler Rd NW, North Canton, OH 44720. The property sits on a 0.76-acre lot and is a single-story building operating under a Net Net (NN) lease with a credit-rated corporate guarantor, minimizing landlord responsibilities. The current lease, commenced January 1, 2018, has a remaining term of approximately 3.1 years, expiring December 31, 2027, with two 5-year renewal options. Rent increases annually at 2%. The property boasts a strong Net Operating Income (NOI) of $54,100, resulting in a 5.75% cap rate. The asking price is $941,000, translating to $237.63 per square foot. This location benefits from excellent visibility and accessibility, situated on Dressler Road NW, which sees over 13,000 vehicles daily. The surrounding area demonstrates strong demographics, with a 5-mile radius population exceeding 131,761 and average household income over $84,000. The property's proximity to Kent State University at Stark (less than one mile, 4,422 students) and numerous national retailers including McDonald's, Taco Bell, Wendy's, Best Buy, Home Depot, Lowe's, Sam's Club, Marshall's, Walmart, Target, Chick-fil-A, and Raising Cane's further enhances its desirability and potential for long-term value appreciation. 100% occupancy ensures a consistent income stream.
Property Details
for 6483 Dressler Rd
Property type
Other retail properties, Individual retail properties
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Contacts
Zachary Lasorsa
Joseph Battaglia
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6483 Dressler Rd, North Canton, Ohio, 44720
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.