About This Restaurant
Investment Highlights
The subject property has direct access to one of the highest trafficked Walmart Supercenters in the country (Top 80th Percentile Nationwide), Also adjacent to the subject property is the former Carnation City Mall which was recently acquired to be developed into a modern 25-acre retail plaza The subject property sits on ?1.71 acres and benefits from its positioning on W State Street which is Alliance?s main retail corridor with over 15,40 The property is located directly adjacent to a newly constructed 159,000 square foot Meijer Supercenter which employs ?300 people Other national retailers in the area include Lowes, Tractor Supply Co, McDonalds, and Starbucks to name a few. The restaurant is located down the road from the University of Mount Union, which was founded in 1846 and enrolls ?2,100 students and ?160 teachers.
Executive Summary
Broker of RecordKyle MatthewsLicense No. REC.2022007141 (OH)(866) 889 0550Matthews Real Estate Investment Services, Inc950 Main Ave.,Suite 510, Cleveland, OH 44113
Property Details
- Sale Type Investment
- Property Type Retail
- Property Subtype Restaurant
- Building Size 4,320
- Building Class B
- Year Built 2000
- Price 3,037,000
- Price Per SF 703
- Cap Rate 6.75
- NOI 204,998
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.06
- Land Acres 1.72 AC
Amenities
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 07700914 | Improvements Assessment | $210,600 |
| Land Assessment | $170,590 | Total Assessment | $381,190 |
| Date Created: | 2024-07-16 04:18:04 | Last Updated: | 2024-07-16 04:18:04 |
| Address: | 2600 W State St , Alliance, Ohio, 44601 | ||