1915 Central Ave | Middletown, OH 45044
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1915 Central Ave
Middletown, OH 45044
Dollar Tree · Retail Property For Sale
Investment Highlights
- Brand New 10-Year NNN Lease with Corporate Guarantee
- Scheduled Rent Increases in each Option
- Excellent Demographics | 84,000+ People Residing within Five Miles
- Investment Grade Credit Tenant | Rated 'BBB' by S&P
- Good Visibility with Traffic Counts of 19,700+ Vehicles Per Day
- Close Proximity to Miami University Middletown | 1,400+ Students Enrolled
Executive Summary
CBRE, on behalf of ownership, is pleased to exclusively offer the fee simple interest in a Dollar Tree located in Middletown, Ohio. The 11,180 square foot property sits on 1.55 acres. The property is subject to a brand-new ten-year triple-net lease. The lease is corporately guaranteed by Dollar Tree which boasts an investment grade credit rating of ‘BBB’ by Standard & Poors. There are $0.50 per square foot rent increases in each option period.
The subject property is ideally positioned on a hard corner, signalized intersection. The site benefits from traffic counts of over 19,700 vehicles per day. Retailers nearby include O’Reilly Auto Parts, AutoZone, First Financial Bank, Dollar General, Sunoco and more. The property is strategically located in a dense residential area. There are numerous schools in the area including Middletown High School and Middletown Middle School which has nearly 2,700 combined students. In addition, Miami University Middletown is located approximately two miles from the subject property and has over 1,400 students enrolled. The area is densely populated with over 84,000 people residing within five miles of the subject property.
The subject property is ideally positioned on a hard corner, signalized intersection. The site benefits from traffic counts of over 19,700 vehicles per day. Retailers nearby include O’Reilly Auto Parts, AutoZone, First Financial Bank, Dollar General, Sunoco and more. The property is strategically located in a dense residential area. There are numerous schools in the area including Middletown High School and Middletown Middle School which has nearly 2,700 combined students. In addition, Miami University Middletown is located approximately two miles from the subject property and has over 1,400 students enrolled. The area is densely populated with over 84,000 people residing within five miles of the subject property.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
22,000 SF
Building Class
C
Year Built/Renovated
1999/2024
Price
$2,220,000
Price Per SF
$101
Cap Rate
7.05%
NOI
$156,520
Tenancy
Single
Building Height
1 Story
Building FAR
0.33
Lot Size
1.55 AC
Zoning
C
Parking
60 Spaces (2.73 Spaces per 1,000 SF Leased)
PROPERTY TAXES
Parcel Number | Q6532-028-000-100 | Improvements Assessment | $162,550 |
Land Assessment | $80,260 | Total Assessment | $242,810 |
PROPERTY TAXES
Parcel Number
Q6532-028-000-100
Land Assessment
$80,260
Improvements Assessment
$162,550
Total Assessment
$242,810
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