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1750 S Main St, Akron, OH, 44301

FAMILY DOLLAR
$755,556

Key Information

Cap Rate
9%
Tot. SF
32,680
Term Remaining
±4.25 YRS
Type
Retail
Leasable Area
14,136

Highlights

  • ±4.25-Years remaining on a recently extended lease
  • Early lease renewals prove the tenants commitment to the location and market
  • Four, 3-Year renewal options remaining; all of which include a 7% rental increase
  • The subject property is strategically located in a dense retail corridor; nearby traffic generations include Bridgestone Americas Technology Center Firestone Stadium, FedEx Ship Center, and many more.
  • Family Dollar has successfully operated at this location since 2002, a 20 year operating history which further proves their success at this location
  • Traffic counts on Main St exceed ±19,000 vehicles daily
  • Corporately guaranteed lease
  • 3-Mile population of ±84,162 residents
  • 5-Mile population of ±191,065 residents
  • Average household income considered to be family dollar’s “sweet-spot”
  • Family Dollar, a major national discount retailer with more than 8,000 stores across 48 states, has been acquired for roughly $1 billion by Brigade Capital Management, Macellum Capital Management, and Arkhouse Management Co.
  • Now operating as an independent company, Family Dollar benefits from both fresh capital and significant retail expertise. This backing is expected to accelerate store upgrades and drive operational improvements. With its proven value-focused model and strong presence in local communities, Family Dollar continues to serve as a resilient anchor tenant, positioned for sustained growth in the years ahead.

Photos

Location

Agents

Broker of Record

Matt Wallace

License # REC.2022007141 (OH)
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113