Department Store
Dunham's Sports | 9-Year Lease | Next to New Construction Meijer Supercenter
2500 W State St #118, Alliance, OH 44601
Listing Price: $2,100,000
Cap Rate
8.75%
Tenant Name
Dunham's Sports
Years Remaining On Lease
8.4
Guarantor
Corporate Guarantee
Rentable SF
34,230
Lease Type
Gross Lease
Rent Per Square Feet
$6.40
Investment Overview
Marcus & Millichap is pleased to bring to market Dunham's Sports located in Alliance, OH.
Dunham's Sports | 9-Year Lease | Next to New Construction Meijer Supercenter
Investment Highlights
- 34,230-SF Free-Standing Dunham's next to 2024 New Construction +/- 159,000-SF Meijer Supercenter
- Former Mall Demolished and Dunham's Relocated to Freestanding Location Twice the Size of the Previous Location With Expanded Departments
- Nearly $1,000,000 in Dunham's Renovations Completed in 2023 | Recent 10-Year Extension | Approximately 9 Years of Lease Term Remaining | Four 5-Year Options with Rent Increases Thereafter
- Tenant Reports Sales Significantly Higher than the National Average | Within Close Proximity to other National Tenants including: Meijer, Giant Eagle, Marc's Grocery, Aldi, Walmart, Lowe's, Starbucks, TJ Maxx, Tractor Supply, Kohl's, McDonald's, Raising Cane's, and Applebee's
- Meijer acquired the Neighboring +/-22 Acres and Built a +/-159,000-SF Supercenter | Fairmount Properties, a Significant Developer of Mixed-Used Projects throughout Northeast Ohio, acquired +/- 28 Acres including the Subject Property with plans to build Additional Retail to compliment Dunham's and Meijer
- Raising Cane's is Finishing a Brand-New Location Across the Street | Nearby Applebee's Recently Renewed their Lease for Another 15-Years
- Alliance is located 35 Miles from Akron, 60 Miles from Cleveland, and 87 Miles from Pittsburgh
- 34,000+ Residents with AHHI in excess of $62,600+ within 5-Miles | Alliance is Home to Mount Union University With 2,200+ Students and Staff
Exclusively Listed By
Broker of Record
-
Michael L. Glass
Senior Vice President / Division Manager
Financing By
Department Store
Dunham's Sports | 9-Year Lease | Next to New Construction Meijer Supercenter
Listing Price: $2,100,000
Cap Rate
8.75%
Tenant Name
Dunham's Sports
Years Remaining On Lease
8.4
Guarantor
Corporate Guarantee
Rentable SF
34,230
Lease Type
Gross Lease
Rent Per Square Feet
$6.40
Investment Highlights
- 34,230-SF Free-Standing Dunham's next to 2024 New Construction +/- 159,000-SF Meijer Supercenter
- Former Mall Demolished and Dunham's Relocated to Freestanding Location Twice the Size of the Previous Location With Expanded Departments
- Nearly $1,000,000 in Dunham's Renovations Completed in 2023 | Recent 10-Year Extension | Approximately 9 Years of Lease Term Remaining | Four 5-Year Options with Rent Increases Thereafter
- Tenant Reports Sales Significantly Higher than the National Average | Within Close Proximity to other National Tenants including: Meijer, Giant Eagle, Marc's Grocery, Aldi, Walmart, Lowe's, Starbucks, TJ Maxx, Tractor Supply, Kohl's, McDonald's, Raising Cane's, and Applebee's
- Meijer acquired the Neighboring +/-22 Acres and Built a +/-159,000-SF Supercenter | Fairmount Properties, a Significant Developer of Mixed-Used Projects throughout Northeast Ohio, acquired +/- 28 Acres including the Subject Property with plans to build Additional Retail to compliment Dunham's and Meijer
- Raising Cane's is Finishing a Brand-New Location Across the Street | Nearby Applebee's Recently Renewed their Lease for Another 15-Years
- Alliance is located 35 Miles from Akron, 60 Miles from Cleveland, and 87 Miles from Pittsburgh
- 34,000+ Residents with AHHI in excess of $62,600+ within 5-Miles | Alliance is Home to Mount Union University With 2,200+ Students and Staff
Investment Overview
Marcus & Millichap is pleased to bring to market Dunham's Sports located in Alliance, OH.
Exclusively Listed By
Broker of Record
-
Michael L. Glass
Senior Vice President / Division Manager
Financing By
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