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Family Dollar & Dollar Tree 101 S Defiance St

10,500 SF Retail Building West Unity, OH 43570 $1,585,000 ($151/SF) 7.65% Cap Rate

Investment Highlights

  • 10+ Year NN+ lease with minimal landlord responsibilities
  • Investment Grade Tenant (S&P: BBB Stable)
  • Dual brand format which produces a 20% increase in sales compared to single brand, small-market stores
  • Nearest traditional grocery store located 12.5 miles away
  • Easily accessible from I-90 (Ohio Tpke) which sees 23,940 VPD
  • Population of nearly 31,000 residents with an Average Household Income of $83,067 within a 10-mile radius

Executive Summary

Cushman & Wakefield is pleased to present the opportunity to purchase a NN+ leased Family Dollar/Dollar Tree store in West Unity, OH. West unity enjoys easy access to the Ohio Turnpike which sees nearly 24,000 cars per day and is the major East/West thoroughfare in Northern Ohio. The newly constructed building was delivered to the tenant in June 2023 with the 10+ year lease commencing in November 2023. The property is being offered with an asking price of $1,585,000 which equates to a 7.65% cap rate on current rent.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Convenience Store
Building Size
10,500 SF
Year Built
2023
Price
$1,585,000
Price Per SF
$151
Cap Rate
7.65%
NOI
$121,275
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Land Acres
1.35 AC
  • Listing ID: 32823416

  • Date on Market: 8/15/2024

  • Last Updated:

  • Address: 101 S Defiance St, West Unity, OH 43570

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