Property Overview
Price/Rent PSF $ 2,950,000.00
Asset Type Retail
Trade Type Sale
SQ. FT. Available 63,513
Date Available 01/11/2019
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Description

Location
2348-2366 Lincoln Way East

Sale
Black Gate Partners, on behalf of ownership as its exclusive advisor, is pleased to bring to market Dunham's Shopping Center in Massillon, OH. This 63,513-square-foot shopping center is 100 percent occupied and leased through 2023 with four, five-year options through 2043 by its major tenant, the Dunham's Sports store. Dunham's acts as the only sporting good superstore within a five mile radius. Adjacent to Dunham's is P.S. Cook's, a thriving discount and closeout retailer similar to a Big Lots. P.S. Cook's signed a five-year, triple net lease occupying 10,778-square-feet. Dunham's Shopping Center is part of the Massillon Commons, whose anchor tenant is a 132,394-square-foot Home Depot (not a part). Home Depot has a ground lease through 2026 with five, five-year options remaining, providing a reliable traffic driver to the Commons. At the entrance of Massillon Commons are a large and clearly visible pylon sign and stop light. The main entrance to the Commons sits on Route 172 which is the main roadway through this retail corridor of Massillon.

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