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Dollar General 795 Lafayette Rd 9,014 SF Retail Building Medina, OH 44256 $1,150,000 ($127.58/SF) 6.77% Cap Rate
Executive Summary
Absolutely prime location – over 13,100 vehicles per day use the stop sign directly
adjacent to the entrance! As a result, store traffic and sales are historically
excellent!
Built to suit for Dollar General Corp, a US Fortune 500 Company in 2005, this
location has consistently reported stronger-than-average annual sales compared
to other stores nationwide. Current lease term is 5 years beginning in November
2025, with 4 renewal options for 5 years each remaining.
Tenant pays: insurance, taxes, internal maintenance, HVAC maintenance and minor
repairs. Tenant provides $357/mo. for parking lot maintenance. Actual cost is
about $2,000/yr. – so the balance pays all other maintenance and adds about
$500-$800/yr. to profit.
Landlord responsible for: Structure, Parking Lot & major HVAC repairs,
maintaining property and liability insurance.
adjacent to the entrance! As a result, store traffic and sales are historically
excellent!
Built to suit for Dollar General Corp, a US Fortune 500 Company in 2005, this
location has consistently reported stronger-than-average annual sales compared
to other stores nationwide. Current lease term is 5 years beginning in November
2025, with 4 renewal options for 5 years each remaining.
Tenant pays: insurance, taxes, internal maintenance, HVAC maintenance and minor
repairs. Tenant provides $357/mo. for parking lot maintenance. Actual cost is
about $2,000/yr. – so the balance pays all other maintenance and adds about
$500-$800/yr. to profit.
Landlord responsible for: Structure, Parking Lot & major HVAC repairs,
maintaining property and liability insurance.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,014 SF
Building Class
B
Year Built
2005
Price
$1,150,000
Price Per SF
$127.58
Cap Rate
6.77%
NOI
$77,850
Tenancy
Single
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.20
Lot Size
1.01 AC
Opportunity Zone
Yes
Zoning
C-2, Medina City - Medina City C-2
Parking
14 Spaces (1.55 Spaces per 1,000 SF Leased)
Amenities
- Security System
- Signage
- Tenant Controlled HVAC
Nearby Major Retailers
Property Taxes
| Parcel Number | 028-19C-08-058 | Improvements Assessment | $197,870 |
| Land Assessment | $156,130 | Total Assessment | $354,000 |
Property Taxes
Parcel Number
028-19C-08-058
Land Assessment
$156,130
Improvements Assessment
$197,870
Total Assessment
$354,000
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Dollar General | 795 Lafayette Rd
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