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Family Dollar | 3yrs Remain Corp NN 64 Lexington Ave 8,008 SF Retail Building Mansfield, OH 44907 $1,097,000 ($136.99/SF) 7.50% Cap Rate
Investment Highlights
- Approx. 3 Years Remaining | Corporate Lease | Automatic Option Structure
- Main Thoroughfare Location | Strong Visibility & Access | Established Retail Corridor
- NN Lease Structure | Fee Simple Ownership | Limited Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
• The tenant, Family Dollar Stores of Ohio, Inc., has approximately 3 years remaining on the current lease scheduled to expire on June 30, 2029,
• The lease features four (5-year) automatic renewal options, each with 10%rental increases, providing steady NOI growth and a hedge against inflation
• The store has been operating at this location since 2004, demonstrating long-term site viability and tenant commitment
• The lease features four (5-year) automatic renewal options, each with 10%rental increases, providing steady NOI growth and a hedge against inflation
• The store has been operating at this location since 2004, demonstrating long-term site viability and tenant commitment
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
8,008 SF
Building Class
B
Year Built
2004
Price
$1,097,000
Price Per SF
$136.99
Cap Rate
7.50%
NOI
$82,280
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
0.77 AC
Opportunity Zone
Yes
Zoning
B1 - Neighborhood Business
Parking
31 Spaces (3.87 Spaces per 1,000 SF Leased)
Frontage
209’ on Lexington Ave
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
Family Dollar began in 1959 as a discount variety store chain and grew from a neighborhood retail concept into a nationwide business serving everyday shopping needs. The company focuses on affordable family essentials and carries food and beverages, paper products, health and beauty supplies, pet food, home products, apparel and accessories, seasonal goods, and electronics. Family Dollar supports convenient value shopping through national brands, private-label items, and digital savings tools across the United States.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $206,430 | |
| Land Assessment | $16,840 | Total Assessment | $223,270 |
Property Taxes
Parcel Numbers
Land Assessment
$16,840
Improvements Assessment
$206,430
Total Assessment
$223,270
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Family Dollar | 3yrs Remain Corp NN | 64 Lexington Ave
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