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Dollar General - 8.25 Yrs Abs NNN 850 E Main St 9,398 SF Retail Building Smithville, OH 44677 $1,265,907 ($134.70/SF) 7.50% Cap Rate
Investment Highlights
- 8.25 Years of Guaranteed Lease Term Remaining (Lease Exp: 07/31/2034)
- Absolute NNN Lease with ZERO Management Responsibilities
- Smithville is Located: 7 Miles from Wooster, OH; 28 Miles from Akron, OH; 29 Miles from Canton, OH; and 52 Miles from Cleveland, OH
- 2019 Build to Suit Construction | 9,398 SF Building on 1.92 Acre Parcel
- Close Proximity to Local Schools - 1,701 Students within 1.3 Miles of Subject Property
- 10-Mile Demographics: 84,851 Residents | $97,545 Average Household Income
Executive Summary
Schuchert Retail Group is pleased to exclusively present for sale the 9,398 SF Dollar General located at 850 E Main St, Smithville, OH 44677
In Cooperation With: Brian Brockman - Broker (Bang Realty, Inc.)
OH License #BRK.2009000214
In Cooperation With: Brian Brockman - Broker (Bang Realty, Inc.)
OH License #BRK.2009000214
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,398 SF
Building Class
B
Year Built
2019
Price
$1,265,907
Price Per SF
$134.70
Cap Rate
7.50%
NOI
$94,943
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.92 AC
Parking
30 Spaces (3.19 Spaces per 1,000 SF Leased)
Frontage
253’ on E Main St
Amenities
- Pylon Sign
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
- $10.43
- Triple Net
- Jul 2034
Dollar General began in 1939 as a wholesale venture and later opened its first store in 1955, growing into a discount retail business focused on everyday essentials. The company sells food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, paper products, and seasonal items, and it also offers products online. Dollar General operates as a broad neighborhood retail chain with a presence across the United States and Mexico, serving shoppers through convenient store formats and an e-commerce channel.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | - | $10.43 | Triple Net | Jul 2034 |
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 31-00286-000 | Improvements Assessment | $0 |
| Land Assessment | $99,760 | Total Assessment | $99,760 |
Property Taxes
Parcel Number
31-00286-000
Land Assessment
$99,760
Improvements Assessment
$0
Total Assessment
$99,760
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Dollar General - 8.25 Yrs Abs NNN | 850 E Main St
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