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Advance Auto Parts: Cuyahoga Falls, OH 2249 State Rd

6,796 SF Retail Building Cuyahoga Falls, OH 44223 £1,461,518 (£215/SF) 6.32% Net Initial Yield

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Investment Highlights

Recently-Extended Net Lease with Renewal Options | $1.00 PSF Rent Increase in Each Option
Hard Corner Signalized Intersection Location | North Haven Blvd & State Road (16,576 VPD) | Less Than 2 Miles from OH-8 (90,633)
Substantial Built-In Customer Base | Surrounded by Over 5,800 Households Within a 1-Mile Radius

Long Term Operating History of 19 Years
7.4 MSF Retail, 2.1 MSF Office, 8.6 MSF Industrial & 9,825 Multifamily Units Within a 3-Mile Radius
Less Than 5 Miles North of Dowtown Akron | Akron, OH MSA Population (697,418)

Executive Summary

The CBRE Net Lease Property Group is pleased to announce for sale the 6,796-square-foot Advance Auto Parts situated on 0.68 acres in Cuyahoga Falls, Ohio — part of the Akron, OH MSA (MSA Population: 697,418). Originally set to expire in 2019, Advance Auto Parts’ net lease has been extended twice, demonstrating its commitment to the location. Most recently, the lease was extended early for an additional 8 years through 2034 and now features ±10.0 years of term remaining with a $1.00 PSF increase in each of the three 5-year renewal options.