2373-2383 W Broad St
Columbus, OH 43204
Family Dollar with 7.5 Yrs of Term|New Const. · Retail Property For Sale

The Cooper Commercial Investment Group has been exclusively retained by ownership to sell the 100% fee simple interest in the single-tenant Family Dollar location (NASDAQ: DLTR/Moody’s “Ba1”/S&P “BB+”) located in the densely populated Columbus, Ohio. The 9,180 S.F. property is being offered for $1,955,000, representing a 7.50% CAP Rate. Family Dollar is on a NNN lease structure and recently executed a 10-year lease on the newly built property (2015). The tenant handles all on-site maintenance directly leaving the owner with minimal management responsibilities. The Family Dollar’s store has several attributes creating a highly desirable asset, but one of the most beneficial is its position on West Broad Street, one of the most well-known roadways in Columbus. The property is situated just 3.5 miles from Downtown Columbus and only 7 miles from The Ohio State University, boasting 66,000 students. Additional attributes to the Family Dollar is its position in a neighborhood community surrounded by complimentary retailers in an ideal residential community with average household incomes over $60,000 within a 3-mile radius.