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Dollar General 12616 Chillicothe Rd 9,002 SF Retail Building Chesterland, OH 44026 $1,368,500 ($152.02/SF) 7.50% Cap Rate
Investment Highlights
- NNN lease with corporate guaranty and 5+ years of term remaining
- Located adjacent to West Geauga Plaza in the heart of Chesterland's commercial district
- 9,002 SF freestanding building on 3.55 AC parcel
Executive Summary
This offering presents a single-tenant Dollar General investment located at 12616 Chillicothe Road in Chesterland, Ohio. The ±9,002-square-foot freestanding building sits on 3.55 acres and is secured by an absolute NNN lease with five years remaining and four five-year renewal options. Built in 2016, the property is adjacent to West Geauga Plaza, a Giant Eagle–anchored center, providing strong visibility, consistent traffic, and stable in-place income. The investment offers no landlord responsibilities and rent increases included.
Property Facts Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,002 SF
Building Class
B
Year Built
2016
Price
$1,368,500
Price Per SF
$152.02
Cap Rate
7.50%
NOI
$102,635
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
3.55 AC
Parking
35 Spaces (3.88 Spaces per 1,000 SF Leased)
Frontage
281’ on Chillicothe Rd
Amenities
- Pylon Sign
- Signage
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 11-338000 | Improvements Assessment | $230,760 |
| Land Assessment | $99,790 | Total Assessment | $330,550 |
Property Taxes
Parcel Number
11-338000
Land Assessment
$99,790
Improvements Assessment
$230,760
Total Assessment
$330,550
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Dollar General | 12616 Chillicothe Rd
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