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Dollar Tree 701 Lincoln Ave 10,500 SF Retail Building Cadiz, OH 43907 $1,830,000 ($174.29/SF) 7.40% Cap Rate
Investment Highlights
- 8.5+ YEAR NN+ LEASE
- SURROUNDED BY MULTIPLE NATIONAL RETAIL TENANTS
- CORPORATE LEASE GUARANTEE BY DOLLAR TREE INC. (S&P: BBB)
Executive Summary
Cushman & Wakefield is proud to offer a newly constructed NN+ Dollar Tree in Cadiz, Ohio, the county seat of Harrison County. This prime retail asset is strategically positioned on Lincoln Avenue, which sees over 5,800 vehicles per day, with immediate access to State Route 22 (7,300 VPD).
The property benefits from strong surrounding national retailers, including Tractor Supply, DG Market, Advance Auto Parts, McDonald’s, Wendy’s, and a recently completed Bell Stores fuel and convenience center. Directly across Lincoln Avenue sits an 81-room Microtel Inn & Suites by Wyndham, further enhancing traffic and visibility.
With more than 8.5 years remaining on the initial lease term, this investment is offered at $1,830,000, representing a 7.40% cap rate on in-place NOI.
The property benefits from strong surrounding national retailers, including Tractor Supply, DG Market, Advance Auto Parts, McDonald’s, Wendy’s, and a recently completed Bell Stores fuel and convenience center. Directly across Lincoln Avenue sits an 81-room Microtel Inn & Suites by Wyndham, further enhancing traffic and visibility.
With more than 8.5 years remaining on the initial lease term, this investment is offered at $1,830,000, representing a 7.40% cap rate on in-place NOI.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,500 SF
Building Class
B
Year Built
2024
Price
$1,830,000
Price Per SF
$174.29
Cap Rate
7.40%
NOI
$135,450
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
2.44 AC
Parking
50 Spaces (4.76 Spaces per 1,000 SF Leased)
Frontage
198’ on Lincoln Avenue
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- 10,500 SF
- -
- Double Net
- Sep 2034
Dollar Tree started when Macon Brock, Doug Perry, and Ray Compton opened the first only dollar store in Georgia. The company expanded rapidly through the 1990s, acquiring competitors like Dollar Bill and Clearance Centers. In 2015, Dollar Tree merged with Family Dollar, creating a retail giant with thousands of locations across North America. Today, the company operates both Dollar Tree and Family Dollar stores that sell everything from household goods to frozen foods. Dollar Tree emphasizes value and convenience in all its product offerings.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 10,500 SF | - | Double Net | Sep 2034 |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Not bikeable
10/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 05-0002441.000 | Improvements Assessment | $0 |
| Land Assessment | $20,500 | Total Assessment | $20,500 |
Property Taxes
Parcel Number
05-0002441.000
Land Assessment
$20,500
Improvements Assessment
$0
Total Assessment
$20,500
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Dollar Tree | 701 Lincoln Ave
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