Newer 20-year corporate absolute NNN ground lease commencing 11/23/2019. Tenant has the option to terminate the lease anytime after the 11th lease year by payment of 2 years rent. There is an 8% rent increases every 5-years and four (4) 5-year options. The property is 1/4 mile from I-77 and adjacent to main campus for Aultman Hospital.
| Property Type | Retail |
|---|---|
| Property Use | Net Leased Property |
| Level Number | 1 |
| Zoning | Commercial (B-3 General Business) |
| Cap Rate Percentage | 4.5 |
| Listing ID | Y3C6E3 |
| Style | Retail – Free Standing |
| Building Size | 1,805 SF |
| Lot Size | 0.54 AC |
Area Description: The subject property is located at the Southeast Corner of Tuscarawas Street W. and Smith Avenue SW in Canton, OH. Directly adjacent to the subject property is the main campus of the 1,032 bed Aultman Hospital. Aultman Hospital employs over 5,000 people in Stark County. Canton is home of the Pro Football Hall of Fame.
Region: West Canton
Region: Northeast Ohio
Region: North America
Region: Midwest United States
| Parking Places: | 20 |
| Industrial Ground Level: | Y |