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Family Dollar 2360 S Smithville Rd 9,373 SF Retail Building Kettering, OH 45420 $1,358,025 ($144.89/SF) 7.70% Cap Rate
Investment Highlights
- Absolute NNN – This is a rare absolute NNN lease with zero landlord responsibilities, offering 100% passive income to a prospective purchaser
- Attractive Increase Schedule – 10% rental increases in each of the four, 5-year options, which is beneficial to an owner
- Corporate Tenant – The lease of the subject property is signed by Family Dollar, Inc who operates over 7,500+ locations throughout the country
- High Performing Site – AlphaMap’s shows that the site performs in the top 75th percentile of Family Dollar Stores in Ohio in terms of foot traffic
- Attractive Demographics – There are approximately 170,655 people within a 5-mile radius from the property
Executive Summary
Broker of Record
Matt Wallace
License # REC.2022007141 (OH)
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113
(866) 889-0550
Matt Wallace
License # REC.2022007141 (OH)
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,373 SF
Building Class
C
Year Built
2015
Price
$1,358,025
Price Per SF
$144.89
Cap Rate
7.70%
NOI
$104,568
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.97 AC
Nearby Major Retailers
Property Taxes
| Parcel Number | N64-04018-0012 | Improvements Assessment | $383,690 |
| Land Assessment | $93,480 | Total Assessment | $477,170 |
Property Taxes
Parcel Number
N64-04018-0012
Land Assessment
$93,480
Improvements Assessment
$383,690
Total Assessment
$477,170
Contacts
-
Nathan Fitzgibbons -
Cade Norland -
Keegan Mulcahy -
Matthews Real Estate Investment Services
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Family Dollar | 2360 S Smithville Rd
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