Family Dollar & Dollar Tree | 106 E River St
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Family Dollar & Dollar Tree 106 E River St
10,500 SF Retail Building Antwerp, OH 45813 $1,715,000 ($163/SF) 7.65% Cap Rate
Investment Highlights
- 10+ Year NN+ lease with minimal landlord responsibilities
- Nearest traditional grocery store located 8 miles from Antwerp
- Dual brand format which produces a 20% increase in sales compared to single brand, small-market stores
- Investment Grade Tenant (S&P: BBB Stable)
- Easily accessible from Hwy 24 which sees 17,593 VPD
- 23,892 residents within a 10-mile radius of the property with an average household income of over $94,000 per year
Executive Summary
Cushman & Wakefield is pleased to present the opportunity to purchase a NN+ leased Family Dollar/Dollar Tree store in Antwerp, OH. Located just 15 minutes from Fort Wayne, IN, Antwerp enjoys easy access to Hwy 24 which sees over 17,500 vehicles per day. The newly constructed building was delivered to the tenant in July 2023 with the 10+ year lease commencing in October 2023. The property is being offered with an asking price of $1,715,000 which equates to a 7.65% cap rate on current rent.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
10,500 SF
Year Built
2023
Price
$1,715,000
Price Per SF
$163
Cap Rate
7.65%
NOI
$131,250
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.40 AC
Parking
26 Spaces (2.48 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,520 | |
| Land Assessment | $16,950 | Total Assessment | $19,470 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$16,950
Improvements Assessment
$2,520
Total Assessment
$19,470
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Family Dollar & Dollar Tree | 106 E River St
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