Park West Place
10318-10970 Trinity Parkway, Stockton, CA
36.985 vierkante meter
Beschrijving
Address: 5496 Dressler Rd NW, North Canton, OH 44720
GLA: 486,099 SF
Year Built: 1995
Occupancy: 97.2%
Number of Buildings: 6
Number of Single Tenant Pads: 2
WALT: 6.5 Years
Weighted Average Tenant Tenure: 14.3 Years
Year 1 NOI: +/- $6,395,000
5-Year CAGR: 3.7%
Jon Vanderplough Licensee #: OH - 2005015674
...
Kenmerken
Bezettingspercentage
97,2%
Bouwjaar
1995
Media
Investeringskenmerken
- Regionally Dominant Center Anchoring the Canton Trade Area
- 7.1M annual visitors | #1 most trafficked center in 20-mile radius & #15 in all of Ohio (99th percentile)
- Shadow-anchored by most trafficked Target in 50-mile radius (2M annual visits | #2 in Ohio)
- #1 most trafficked Kohl's, PetSmart, and Raising Cane's in Ohio
- 2.9% retail vacancy rate & 11.51% Rent Growth (2020-2025) in Canton MSA
- Best-in-Class Anchor Tenants with Secure Income Stream
- ~86% of total GLA leased to national/credit tenants across 26 in-place tenants
- No tenant contributes more than 13% of income to the center
- Exceptional Leasing Momentum
- +135,000 SF of recent leasing across 6 tenants
- Recent 10-year leases with Barnes & Noble, Old Navy, HomeSense, Sierra Trading Post, and Cleveland Furniture
- Value Creation Opportunities
- Exit strategy with ability to sell 4 separate parcels at profitable cap rate arbitrage
- Existing 8,907 SF of leasable vacancy across 3 suites
- Minimal Capital Exposure
- Roofs are ~8 years old, minimizing investor future capital outlays
- Low Jr. Anchor Rents Provide Embedded Upside
- Recent jr. anchor leasing (2023-2025) weighted average rents of $16.28/sf represent ~9.5% increase over existing weighted average jr. anchor rents
Contact adviseurs
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Laatst bijgewerkt
Jun 11, 2026
