Matthews Logo

Navigation Menu

515 S Water St, Kent, OH, 44240

Advance Auto Parts

$1,084,000

Key Information

Cap Rate
7.7%
$ per SF
$154
Tot. SF
7,000
Lot Size
0.73 Acres
Year Built
2000
Term Remaining
± 4 Years
Type
Retail
NOI
$83,370

Highlights

• Site Commitment: Tenant has demonstrated long-term dedication to this location and has established itself as the go-to auto parts store in this market.
• Attractive Price Point: Offered as an accessible, bite-sized net-lease acquisition for private investors.
• Immediate Cash Flow: Yields a stable annual net rent with firm lease term remaining on a proven location.
• Minimal Landlord Responsibilities: Tenant is responsible for all operating expenses (Property Taxes, Insurance, etc.)
• Signalized Hard Corner: Positioned on a high-visibility, signalized hard corner, ensuring excellent visibility and access.
• High-Density Retail Synergy: Situated along a major commercial corridor surrounded by top-tier national retail brands.
• Kent State University Submarket: Located less than 1.5 miles from Kent State University (38,000+ enrolled students), driving consistent retail demand.
• Strong College Town Demographics: Serves a dense, growing trade area featuring an expansive student and local resident population base.

Photos

Location

Agents

Broker of Record

Matt Wallace

License # BRKP.2024002419, REC.2022007141 (OH)
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113