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9030 Looney Rd 10,595 SF 85% Leased Retail Building Piqua, OH 45356 $749,824 ($70.77/SF) 8% Cap Rate
Investment Highlights
- National credit tenant Dollar General drives consistent foot traffic and serves as a daily-needs destination for the surrounding community.
- Existing lease with Dollar General offers a reliable income stream while upside remains in backfilling the vacant space.
- Convenient access from Looney Rd with strong visibility for local traffic.
- One vacant suite provides immediate lease-up potential, allowing investors to increase NOI and enhance overall asset value.
- Positioned in the Piqua trade area, serving as a key retail hub for nearby residential communities with limited competing retail inventory.
Executive Summary
TREK Investment Group is pleased to exclusively offer for sale the Dollar General-Anchored Retail Center located at 9030 Looney Rd. in Piqua. This two-tenant retail property presents investors with the opportunity to acquire a stabilized retail asset featuring national-credit tenancy alongside meaningful value-add potential through the lease-up of the remaining vacant suite.
Anchored by Dollar General, the property benefits from consistent daily-needs traffic and serves as a key retail destination for the surrounding community. The existing Dollar General lease provides stable in-place income while offering investors the ability to increase NOI and enhance long-term asset value through the repositioning and occupancy of the vacant space.
Strategically positioned within the Piqua trade area, the property serves nearby residential communities with limited competing retail inventory, creating a strong opportunity for future tenant demand. The center also offers convenient access and visibility along Looney Rd., allowing for strong exposure to local traffic and continued relevance within the surrounding rural/suburban retail corridor.
Anchored by Dollar General, the property benefits from consistent daily-needs traffic and serves as a key retail destination for the surrounding community. The existing Dollar General lease provides stable in-place income while offering investors the ability to increase NOI and enhance long-term asset value through the repositioning and occupancy of the vacant space.
Strategically positioned within the Piqua trade area, the property serves nearby residential communities with limited competing retail inventory, creating a strong opportunity for future tenant demand. The center also offers convenient access and visibility along Looney Rd., allowing for strong exposure to local traffic and continued relevance within the surrounding rural/suburban retail corridor.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
10,595 SF
Building Class
C
Year Built
2005
Price
$749,824
Price Per SF
$70.77
Cap Rate
8%
NOI
$59,986
Percent Leased
85%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
1.00 AC
Parking
33 Spaces (3.11 Spaces per 1,000 SF Leased)
Frontage
87’ on Looney Rd
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
-
99,999 SF
- -
- -
Dollar General is a national discount retailer operating multiple neighborhood-scale stores throughout New Port Richey, Florida. The Massachusetts Avenue location serves surrounding residential neighborhoods with a broad assortment of everyday necessities at low price points. The store offers groceries, snacks, health and beauty products, cleaning supplies, basic apparel, paper goods, seasonal items, and private-label merchandise.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | 99,999 SF | - | - |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | N44078722 | Improvements Assessment | $239,960 |
| Land Assessment | $32,200 | Total Assessment | $272,160 |
Property Taxes
Parcel Number
N44078722
Land Assessment
$32,200
Improvements Assessment
$239,960
Total Assessment
$272,160
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9030 Looney Rd
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