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322 S High St
Cortland, OH 44410
Low Price NNN Dollar Tree - 6.68% CAP · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • • Corporate, 7,950 S.F. Dollar Tree: National, Publicly Traded Brand (NASDAQ: DLTR) with Over 15,000 Locations and Investment Grade Credit (Baa2/BBB)
  • • Low Price Point Under $99/SF, Far Below Replacement Costs and Easily Replaceable Rent Below Market at $6.60/SF
  • • Strong Surrounding Community with Avg. Household Incomes Over $90,000 Within a 3-Mile Radius
  • • Renovated in 2018 with 4 Years of Original Term Remaining and 4, 5-Yr. Option Periods with Rental Increases
  • • Ideal, Low Management Asset for an Out-of-State, Passive Investor: Dollar Tree Handles All Daily On-Site Maintenance
  • • Excellent Frontage w/ High Visibility & Prominent Pylon Signage Along South High Street (SR-5), Direct Route to Warren, OH & 10 Miles to Youngstown

PROPERTY FACTS

Property Type
Retail
Property Subtype
Freestanding
Building Size
7,950 SF
Building Class
C
Year Built/Renovated
2001/2018
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
0.88 AC
Zoning
Retail
Parking
20 Spaces (2.61 Spaces per 1,000 SF Leased)
Frontage
127’ on 2724 Rocklyn Rd.

AMENITIES

  • Pylon Sign

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
34-017500
Land Assessment
$40,710
Improvements Assessment
$129,710
Total Assessment
$170,420
  • Listing ID: 24409151

  • Date on Market: 11/2/2021

  • Last Updated:

  • Address: 322 S High St, Cortland, OH 44410

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