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Dollar General 3819 Shawnee Rd

9,100 SF Retail Building Lima, OH 45806 $792,565 ($87/SF) 8.50% Cap Rate

Investment Highlights

  • Located in a high traffic area Lima, OH, is the largest city in Allen County, with a population of ±45,053 within a 5-mile radius
  • Dollar General recently exercised an early 5-year lease extension, demonstrating a strong commitment to this location.
  • Dollar General boasts an investment grade credit rating of BBB (S&P).
  • The subject property is located along Shawnee Rd., with approximately ±14,532 VPD, and is 1 mile from I-75 which has approximately ±38,892 (VPD).
  • Attractive 8.50% return on a stabilized investment grade credit tenant.
  • Dollar General has ±21,000 locations and plans to continue their expansion for the foreseeable future.

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
9,100 SF
Building Class
B
Year Built
2007
Price
$792,565
Price Per SF
$87
Cap Rate
8.50%
NOI
$67,368
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Land Acres
0.92 AC

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
46-22-05-03-011.001
Land Assessment
$5,320
Improvements Assessment
$146,620
Total Assessment
$151,940
  • Listing ID: 33885490

  • Date on Market: 11/15/2024

  • Last Updated:

  • Address: 3819 Shawnee Rd, Lima, OH 45806

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