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Family Dollar 106 E River St 10,500 SF Retail Building Antwerp, OH 45813 $1,500,000 ($142.86/SF) 8.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Located just off Main & Main intersection of East River Street and North Main Street
- The property operates under a double-net lease with minimal landlord responsibilities
- Antwerp, OH is 20 minutes northeast of Fort Wayne, IN , and a little over an hour southwest of Toledo, OH
- The property was built in 2023 (20 Year Roof Warranty)
- This is the only Family Dollar in a 15+ mile radius
EXECUTIVE SUMMARY
The Klink Group of Marcus & Millichap is pleased to present for sale the Family Dollar in Antwerp, Ohio. The subject property offers investors a stable, long-term net-leased retail opportunity backed by a nationally recognized discount retailer.
The property has approximately ±8 years remaining on the original 10-year base term and operates under a double-net (NN) lease, providing minimal landlord responsibilities (roof, structure and parking lot replacement) and has a 20-year roof warranty. The lease features four (4) additional 5-year renewal options, each containing rental increases, allowing for built-in income growth.
This offering is well-suited for passive investors seeking durable income, limited management obligations, and long-term residual value.
The property has approximately ±8 years remaining on the original 10-year base term and operates under a double-net (NN) lease, providing minimal landlord responsibilities (roof, structure and parking lot replacement) and has a 20-year roof warranty. The lease features four (4) additional 5-year renewal options, each containing rental increases, allowing for built-in income growth.
This offering is well-suited for passive investors seeking durable income, limited management obligations, and long-term residual value.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
10,500 SF
Building Class
C
Year Built
2023
Price
$1,500,000
Price Per SF
$142.86
Cap Rate
8.75%
NOI
$131,250
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.41 AC
Parking
26 Spaces (2.48 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $28,920 | Total Assessment | $28,920 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$28,920
Improvements Assessment
$0
Total Assessment
$28,920
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Family Dollar | 106 E River St
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