140 West St
New Vienna, OH 45159
Family Dollar · Retail Property For Sale
Investment Highlights
- Tenant has updated the store with the H2 remodel in August 2018
- NN With Minimal Landlord Obligations
- 2017 Lease Renewal Showing Continued Commitment To This Location
- Corporate Lease (BBB- Credit)
Property Facts
About 140 WEST ST , NEW VIENNA, OH 45159
SRS National Net Lease Real Estate Partners is pleased to exclusively offer for sale the Family Dollar located at 140 West Street in New Vienna, Ohio. The property is being offered at $916,000, which represents an 9.01% capitalization rate. Built to suit in 2007, Family Dollar was subject to an original 10 year lease, which was recently extended in 2017. The lease is corporately guaranteed with a credit rating of BBB- and runs through June of 2022. Family Dollar has recently completed remodel of this site, which demonstrates their long term and continued commitment to operating at this location. Landlord responsibilities are limited to roof, structure and parking lot. Additionally, there are four, five year renewal options with ten percent rent increases every five years. The site is well positioned on a four way signalized corner lot and benefits from strong traffic counts. The closest competing discount store is located nearly 8 miles away. New Vienna has experienced steady population growth and is expected to increase by four percent in the next 5 years.
Property Taxes
| Parcel Numbers | Improvements Assessment | $141,120 | |
| Land Assessment | $7,780 | Total Assessment | $148,900 |
Property Taxes
