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56 N High St 10,500 SF Retail Building La Rue, OH 43332 $1,476,563 ($140.63/SF) 8% Cap Rate
Investment Highlights
- Only dollar store in La Rue with no direct value-retail competition
- Hard-corner village center location on N High St, La Rue's primary commercial corridor
- 2021 ground-up build-to-suit in excellent condition with no deferred maintenance
- Corporate guaranty from Family Dollar Stores, Inc., 7,000+ stores across 45+ states
- 10,328 residents and $126.4M in consumer spending within 10 miles
- NN lease with 4 five-year options and $5,250 annual increases through 2052
Executive Summary
AMC Real Estate Investment Services is pleased to offer a Family Dollar at 56 North High St, La Rue, Ohio 43332. The 10,500 SF, 2021 build-to-suit sits on 1.45 acres and is fully leased to Family Dollar Stores of Ohio, Inc., with a corporate guaranty from Family Dollar Stores, Inc., a 7,000+ location retailer owned by Brigade Capital and Macellum Capital since July 2025.
The NN lease delivers $118,125 in NOI with over 6 years remaining, plus 4 five-year options at $5,250 annual increases, extending built-in growth through 2052.
As the only dollar store in La Rue, the property faces no direct competition. It offers a stabilized, single-tenant asset well suited for passive investors and 1031 exchange buyers.
The NN lease delivers $118,125 in NOI with over 6 years remaining, plus 4 five-year options at $5,250 annual increases, extending built-in growth through 2052.
As the only dollar store in La Rue, the property faces no direct competition. It offers a stabilized, single-tenant asset well suited for passive investors and 1031 exchange buyers.
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Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
10,500 SF
Building Class
B
Year Built
2021
Price
$1,476,563
Price Per SF
$140.63
Cap Rate
8%
NOI
$118,125
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.45 AC
Somewhat walkable
20/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 22-0070003.500 | Improvements Assessment | $192,870 |
| Land Assessment | $10,960 | Total Assessment | $203,830 |
Property Taxes
Parcel Number
22-0070003.500
Land Assessment
$10,960
Improvements Assessment
$192,870
Total Assessment
$203,830
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