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.