$1,285,714 SALE
Retail
1,805 SF
2304 Tuscarawas Street W
Canton, OH 44708


COMMERCIAL BUILDING FOR SALE


This modern 1,805 SF freestanding building, constructed in 2021, offers prime retail space with a 20-year corporate absolute NNN ground lease starting 11/23/2019. Rent starting 12/01/2024 being $67,500. Notable features include an 8% rent increase every five years and four five-year renewal options. The tenant has the option to terminate the lease after the 11th year with a two-year rent payment. Zoned Commercial (B-3 General Business) and equipped with 20 parking spaces, this property could produce steady income and long-term growth for investors.


Property Type Retail
Property Use Net Leased Property
Year Built 2021
Level Number 1
Zoning Commercial (B-3 General Business)
Cap Rate Percentage 5.25
Listing ID Y3C6E3
Style Retail - Free Standing
Building Size 1,805 SF
Lot Size 0.54 AC
Area Description

Area Description: The area boasts significant retail traffic and is home to major attractions such as the Pro Football Hall of Fame, which draws over 200,000 visitors annually. Nearby, Belden Village Mall offers a diverse shopping experience with numerous dining and entertainment options. Canton’s revitalized downtown features local boutiques, restaurants, and cultural venues like the Canton Palace Theatre. The location is adjacent to Aultman Hospital, which has 808 beds and employs over 5,000 professionals, contributing to a robust local economy. Easy access to major highways and proximity to Akron-Canton Airport further enhance the area's appeal. This thriving market provides a promising environment for retail and free-standing building investments.

Region: West Canton

Region: Midwest United States

Region: North America

Region: Northeast Ohio

Property Features
Parking Ratio: 11.08
Parking Places: 20
Industrial Ground Level: Y
Additional Media