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Dollar General 38 E Holtzmuller Rd

9,026 SF Retail Building West Manchester, OH 45382 $1,030,503 ($114/SF) 7.75% Cap Rate

Retail Buildings Ohio West Manchester 38 E Holtzmuller Rd, West Manchester, OH 45382

Investment Highlights

  • Investment grade tenant and corporate guarantee from Dollar General Corp. (S&P:BBB), a Fortune 500 Company (NYSE:DG)
  • ±9.8 years of lease term remaining, providing an investor with long-term security and an additional three, 5 year options with 10% rent increases
  • Attractive return providing an above average market yield
  • Absolute NNN lease with zero landlord responsibilities
  • Limited local competition
  • E-commerce and recession resistant tenant

Executive Summary

Broker of Record
Matt Wallace
License No. REC.2022007141 (OH)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
950 Main Ave.,
Suite 510, Cleveland, OH 44113

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,026 SF
Building Class
C
Year Built
2019
Price
$1,030,503
Price Per SF
$114
Cap Rate
7.75%
NOI
$79,864
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.30 AC
Zoning
500 - Residential Acreage
Parking
30 Spaces (3.32 Spaces per 1,000 SF Leased)
Frontage
338 FT on East Holtzmuller Road

Links

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PROPERTY TAXES

Parcel Number I29-0022-0-0-10-000-1000 Improvements Assessment $203,910
Land Assessment $6,760 Total Assessment $210,670

PROPERTY TAXES

Parcel Number
I29-0022-0-0-10-000-1000
Land Assessment
$6,760
Improvements Assessment
$203,910
Total Assessment
$210,670
(424) 261-7308

Contacts

  • Listing ID: 33513805

  • Date on Market: 10/14/2024

  • Last Updated:

  • Address: 38 E Holtzmuller Rd, West Manchester, OH 45382

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Dollar General | 38 E Holtzmuller Rd
(424) 261-7308 x

Dollar General | 38 E Holtzmuller Rd

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Brett Beers

(424) 261-7308

(424) 261-7308

Kevin Bettinger

(310) 579-9692

(310) 579-9692

Erik Vogelzang

(424) 269-2947

(424) 269-2947

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