$299,000 SALE
Retail
3,065 SF
344 Tallmadge Road
Cuyahoga Falls, OH 44221 US Falls Discount & Beverage


Falls Discount & Beverage


Falls Discount & Beverage occupies this STNL investment opportunity. They have a new, 10 year Lease beginning February 1, 2020. New Lease includes a Personal Guaranty for the life of the term, and annual rent increases of $50.00 per month.


Property Type Retail
Property Use Net Leased Property
Year Built 1948
Cap Rate Percentage 7
Listing ID N9QJRL
MLS ID 442950
Style Other Style
Building Size 3,065 SF
Lot Size 0.29 AC

Property Highlights

The roof was replaced three years ago and has a 15 year warranty on it.

Average annual income is now $20,940.00.

Listed at a 7% CAP!

100% Occupied Investment

Triple net lease with minimal Landlord responsibilities.

11,470 Vehicles Per Day

Property Features
Location: The subject property is a corner parcel located in Cuyahoga Falls, a suburb outside of Akron, OH. Akron is known as the "Rubber Capital of the World". Goodyear Tires, America's largest tire manufacturer and the 4th-largest private employer in Summit County, with approximately 3,000 employees, recently built a new world headquarters in the city. Additionally, Akron is home to Fortune 500 company, FirstEnergy, who employs nearly 2,500 people. The city is the headquarters to a number of other notable companies such as, Signet Jewelers and Spectrum (2,095 employees). Furthermore, the area is supported by the faculty, staff and students of The University of Akron and Kent State University. Akron is also known for its biomedical downtown corridor with Summa Health System and world-renowned Cleveland Clinic's Akron General. The property's excellent location and visibility with frontage along a main roadway packaged with its proximity to area employees, students and residents positions the tenant well for years to come.
Financials
Down Payment: $299,000
Gross Income: $20,940
Additional Media Area Demographics