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Family Dollar 970 Copley Rd

10,645 SF Retail Building Akron, OH 44320 £984,672 (£93/SF) 8% Net Initial Yield

Investment Highlights

  • Premier Discount Brand | Tenant is a Wholly Owned Subsidiary of Family Dollar Stores, LLC
  • Long-Term Operating History
  • Highly Residential Area with over 7,100 Households Within 1 Mile | Substantial Built-In Customer Base
  • Recently-Extended Lease with Renewal Options | 10% Increases in Each of the Three, 5-Year Renewal Options
  • Hard Corner Site with Excellent Access & Visibility
  • Less Than 3 Miles from Downtown Akron

Executive Summary

The CBRE Net Lease Property Group is pleased to offer for sale the 10,645-square-foot Family Dollar asset situated on 1.25 acres in Akron, Ohio (MSA Population: 647,418). Family Dollar recently exercised its first renewal option, extending the lease through 2029. Family Dollar’s net lease now features ±5.2 years of term remaining with a 10% rent increase in each of the three remaining 5-year renewal options.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,645 SF
Building Class
B
Year Built
1997
Price
£984,672
Price Per SF
£93
Net Initial Yield
8%
NOI
£78,775
Tenancy
Single
Number of Floors
1
Building FAR
0.20
Land Acres
1.25 AC
Parking
39 Spaces (3.66 Spaces per 1,000 SF Leased)
Frontage
167 ft on Copley Rd

Amenities

  • Bus Route
  • Signage
  • Signalised Intersection
1 of 1

PROPERTY TAXES

Parcel Number 67-60650 Improvements Assessment £342,476
Land Assessment £34,174 Total Assessment £376,650

PROPERTY TAXES

Parcel Number
67-60650
Land Assessment
£34,174
Improvements Assessment
£342,476
Total Assessment
£376,650
  • Thomas Carr
    Thomas Carr
  • Eric Dyer
    Eric Dyer
  • Brian Pfohl
    Brian Pfohl
  • Kaitlyn Wolf
    Kaitlyn Wolf
  • Christopher Bosworth
    Christopher Bosworth
  • Kevin Moss
    Power Broker Kevin Moss
(404) 812-5101

  • Listing ID: 33758203

  • Date on Market: 05/11/2024

  • Last Updated:

  • Address: 970 Copley Rd, Akron, OH 44320

The Retail Property at 970 Copley Rd, Akron, OH 44320 is currently available For Sale. Contact CBRE for more information.

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© 2024 CoStar Group

Family Dollar | 970 Copley Rd
(404) 812-5101 x

Family Dollar | 970 Copley Rd

1/6

Thomas Carr

(404) 812-5101

(404) 812-5101

Eric Dyer

(404) 504-7900

(404) 504-7900

Brian Pfohl

(404) 504-7900

(404) 504-7900

Kaitlyn Wolf

(404) 812-5299

(404) 812-5299

Christopher Bosworth

(404) 923-1486

(404) 923-1486

Kevin Moss

(216) 577-1517

(216) 577-1517

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