The Venue at Belden/North Canton, OH

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Retail

North Canton, OH

157,632 SqFt

Built in 1974

Suburban Core

94 Percent Occupied, 157,632 Square Foot Regional Shopping Center Located within Belden Village – Canton, Ohio's Number One Retail Trade Area
Offered Free and Clear of Debt; Potential to Assume of Low-Leverage Fully-Amortizing LifeCo Loan – Contact Agent for Details
Anchored by Four National Junior Box Tenants – Burlington, T.J. Maxx, HomeGoods and Earth Fare – Who Collectively Occupy 64 Percent of Gross Leasable Area and Contribute 55 Percent of Gross Income
Completely Redeveloped and Re-Tenanted to Class "A" Quality in 2016/2017 with Portions of Center being Ground-up New Construction
Five Yrs WALT Amongst Top Four Tenants and 4.4 Years WALT Overall; Below-Market Overall Average In- Place Rent of $14.89/Square Foot Triple-Net ($19.16/Square Foot All-in)
Freestanding Fazoli's Included in Sale – No Options Remaining with June 2027 Expiration and $55 Thousand Annual Rent that is 100 Percent Below-Market (Market = $108 Thousand)
Two-Tenant Triple-Net Strip Center Outparcel Included in Sale with Jersey Mike's Subs and Dave's Hot Chicken – Potential Spin-Off Opportunity
Brand New Roofs to be Installed in 2024 on 55 Percent of Gross Leasable Area; Majority of Other CapEx Items Are 2016 or Newer with Substantial Useful Life Remaining