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140 West St
New Vienna, OH 45159

Family Dollar · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Freestanding
Building Size
8,000 SF
Building Class
C
Year Built
2006
Tenancy
Single
Building Height
1 Story
Building FAR
0.37
Lot Size
0.50 AC
Zoning
Commercial
Parking
14 Spaces
Frontage
168 FT on N South St

ABOUT 140 WEST ST , NEW VIENNA, OH 45159

Excell Fund Brokerage, LLC is pleased to exclusively offer for sale the Family Dollar located at 140 West Street in New Vienna, Ohio. The property is being offered at $916,000, which represents an 9.01% capitalization rate. Built to suit in 2007, Family Dollar was subject to an original 10 year lease, which was recently extended in 2017. The lease is corporately guaranteed with a credit rating of BBB- and runs through June of 2022. Family Dollar has recently completed remodel of this site, which demonstrates their long term and continued commitment to operating at this location. Landlord responsibilities are limited to roof, structure and parking lot. Additionally, there are four, five year renewal options with ten percent rent increases every five years. The site is well positioned on a four way signalized corner lot and benefits from strong traffic counts. The closest competing discount store is located nearly 8 miles away. New Vienna has experienced steady population growth and is expected to increase by four percent in the next 5 years.

PROPERTY TAXES

  • Listing ID: 14873309

  • Date on Market: 1/15/2019

  • Last Updated:

  • Address: 140 West St, New Vienna, OH 45159