Former Kmart - North Canton

1447 North Main Street, North Canton, OH

Market Price

Price

87,074 sqft

Building Size

9.635 acres

Lot Area

Overview
Building Size
87,074 sqft
Lot Area
9.635 acres
Year Built
1974
Zoning
GB-B General Business District
Tenancy
Multiple
Parking Spots
282
Investment Strategy
Value Add
Description

Colliers’ Retail Capital Markets Team is pleased to present the opportunity to acquire the North Canton K-Mart Center located at the signalized intersection of North Main Street and Applegrove Street in North Canton, Ohio.

The Center was formerly occupied by an 84,140 Sq. Ft. Big Kmart and includes a 2,934 Sq. Ft. single tenant Burger King drive-thru restaurant. Burger King provides interim income to help reduce ongoing carrying costs during redevelopment.

The property is strategically located at the intersection of North Main Street and Applegrove Street, with a combined daily traffic count exceeding 37,000 vehicles per day. Surrounding retailers in the immediate vicinity include ACME Fresh Market, Marc’s, Dollar Tree, CVS, Ollie’s Bargain Outlet, Goodwill, Discount Drug Mart, Starbucks, Rite Aid, and more.

This offering is an excellent opportunity to acquire one of the prominent retail centers in the North Canton market for well bellow replacement cost with upside.

Highlights
  • Redevelopment opportunity that includes an operating Burger King restaurant.
  • Prominent freestanding retail location
  • Located only 13 miles from Akron and only 40 miles to downtown Cleveland.
  • Can be acquired for well below replacement cost
  • Surrounded by notable retailers such as Acme Fresh Market, Marc’s, Dollar Tree, CVS, Ollie’s Bargain Outlet, Discount Drug Mart, Starbucks and Rite Aid.
  • Desirable demographic profile with over 100,000 people with an average income of $89,244 living within a 5-mile radius
  • Great visibility and access from Main Street and Applegrove, with convenient access to I-77
Documents
Title
Kmart_-_CantonOhio_OM_DRAFT_EMAIL.pdf
OH__N_Canton_-_Lease_-_Burger_King.pdf
OH__North_Canton_-_Phase_I.pdf
3243-1_Lease_dated_1-19-98_and_Amendment_-_12-29-1997.pdf
OH__North_Canton_-_Phase_II.pdf
OH__North_Canton_-_Survey.pdf
OH__North_Canton_-_Zoning_Report.pdf
OH__North_Canton_3243_-_Carrolls_LLC__Bu_-_7-25-2018.pdf
OH__North_Canton_3243_-_Title_Commitment_-_6-20-2016.pdf
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Location
Gallery