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Dollar General 401 N Chapel St 8,000 SF Retail Building Louisville, OH 44641 $1,159,442 ($144.93/SF) 7.15% Cap Rate
Investment Highlights
- Corporate-guaranteed lease
- Long-term NNN lease — landlord responsible for roof & structure
- 2 extensions, 5 year each already agreed upon starting 2030.
- Redevelopment potential
Executive Summary
Positioned along Louisville’s primary commercial corridor at a great corner lot, this freestanding Dollar Tree enjoys exceptional visibility and convenient access. Just 2 blocks to Main Street, the city’s main east-west thoroughfare. The property benefits from steady local traffic, strong community loyalty, and proximity to key neighborhood anchors including schools, municipal offices, and residential developments.
Highlights:
Limited competition
Corporate-guaranteed lease
Prime Location: High-exposure frontage on N. Chapel Street
Ample Parking: Well-maintained paved lot with easy ingress/egress
Built to suit location in 2010
2 extensions, 5 year each already agreed upon starting 2030.
Long-term NNN lease — landlord responsible for roof & structure
Highlights:
Limited competition
Corporate-guaranteed lease
Prime Location: High-exposure frontage on N. Chapel Street
Ample Parking: Well-maintained paved lot with easy ingress/egress
Built to suit location in 2010
2 extensions, 5 year each already agreed upon starting 2030.
Long-term NNN lease — landlord responsible for roof & structure
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,000 SF
Building Class
C
Year Built
2011
Price
$1,159,442
Price Per SF
$144.93
Cap Rate
7.15%
NOI
$82,900
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.27 AC
Zoning
Commercial
Parking
20 Spaces (2.5 Spaces per 1,000 SF Leased)
Frontage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
Dollar Tree began in 1986 as Only $1.00, building on a Norfolk variety-store heritage that later helped shape the business. The company focuses on discount variety retail, selling consumable, seasonal, and general merchandise such as housewares, food, health and beauty products, toys, party supplies, stationery, and crafts. After the Family Dollar sale, Dollar Tree operates as a focused North American value retailer with a large store network, a national logistics system, and an expanding multi-price assortment and online ordering options.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - |
Fairly walkable
40/100
Moderately drivable
70/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 03605965 | Improvements Assessment | $309,120 |
| Land Assessment | $59,890 | Total Assessment | $369,010 |
Property Taxes
Parcel Number
03605965
Land Assessment
$59,890
Improvements Assessment
$309,120
Total Assessment
$369,010
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Dollar General | 401 N Chapel St