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Family Dollar 1230 Main St

8,000 SF Retail Building Wellsville, OH 43968 $488,888 ($61/SF) 9% Cap Rate

Investment Highlights

  • Double Net (NN) Lease | Minimal Landlord Responsibilities
  • Corporate Guarantee (NASDAQ: DLTR)
  • 25+ Year Operating History | Tenant is Currently in Their Third Option Period
  • The landlord is only responsible for the roof and structure of the building, allowing for ease of management.
  • The lease is corporately guaranteed by Dollar Tree (S&P: BBB), a Fortune 500 company that operates over 15,000 stores throughout 48 states and Canada.
  • The tenant has been operating at this site for approximately 25 years, and is currently in their third option period, exhibiting strong commitment to

Executive Summary

NNN Pro is pleased to present the exclusive listing for a Family
Dollar located at 1230 Main St., Wellsville, OH 43953. The site
consists of roughly 8,000 rentable square feet of building space
on an estimated 0.78-acre parcel of land. This Family Dollar is
subject to a 20-year Double Net (NN) lease, which commenced
10/28/1999. The current annual rent is $44,000 and has
scheduled increases of Throughout Options: 10% Every 5 Years.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,000 SF
Building Class
C
Year Built
2000
Price
$488,888
Price Per SF
$61
Cap Rate
9%
NOI
$44,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
0.78 AC
Opportunity Zone
Yes

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
8403561000
Land Assessment
$11,240
Improvements Assessment
$101,680
Total Assessment
$112,920
  • Listing ID: 33087058

  • Date on Market: 9/6/2024

  • Last Updated:

  • Address: 1230 Main St, Wellsville, OH 43968

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