101 S Defiance St - Convenience Store FOR SALE


West Unity, OH 43570
$1,585,000 USD
513-763-3022
101 S Defiance St, West Unity, OH for Sale
$1,585,000 USD
Convenience Store - FOR SALE
1/3
null | 7.65% Cap Rate

101 S Defiance St
West Unity, OH 43570


HIGHLIGHTS

  • 10+ Year NN+ lease with minimal landlord responsibilities
  • Nearest traditional grocery store located 12.5 miles away
  • Investment Grade Tenant (S&P: BBB Stable)
  • Easily accessible from I-90 (Ohio Tpke) which sees 23,940 VPD
  • Dual brand format which produces a 20% increase in sales compared to single brand, small-market stores
  • Population of nearly 31,000 residents with an Average Household Income of $83,067 within a 10-mile radius

OVERVIEW

Cushman & Wakefield is pleased to present the opportunity to purchase a NN+ leased Family Dollar/Dollar Tree store in West Unity, OH. West unity enjoys easy access to the Ohio Turnpike which sees nearly 24,000 cars per day and is the major East/West thoroughfare in Northern Ohio. The newly constructed building was delivered to the tenant in June 2023 with the 10+ year lease commencing in November 2023. The property is being offered with an asking price of $1,585,000 which equates to a 7.65% cap rate on current rent.

FOR SALE DETAILS

PRICE

$1,585,000 USD

PRICE/SF

$151 USD /SF

CAP RATE

7.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar & Dollar Tree

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.35 AC

LAND SF

58,806 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Hank DavisCushman & WakefieldMore Info
513-763-3022

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Hank DavisCushman & WakefieldMore Info
513-763-3022

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.