106 E River St - Retail FOR SALE


Antwerp, OH 45813
$1,715,000 USD
513-763-3022
106 E River St, Antwerp, OH for Sale
$1,715,000 USD
Retail - FOR SALE
1/3
null | 7.65% Cap Rate

106 E River St
Antwerp, OH 45813


HIGHLIGHTS

  • 10+ Year NN+ lease with minimal landlord responsibilities
  • Investment Grade Tenant (S&P: BBB Stable)
  • Nearest traditional grocery store located 8 miles from Antwerp
  • Easily accessible from Hwy 24 which sees 17,593 VPD
  • Dual brand format which produces a 20% increase in sales compared to single brand, small-market stores
  • 23,892 residents within a 10-mile radius of the property with an average household income of over $94,000 per year

OVERVIEW

Cushman & Wakefield is pleased to present the opportunity to purchase a NN+ leased Family Dollar/Dollar Tree store in Antwerp, OH. Located just 15 minutes from Fort Wayne, IN, Antwerp enjoys easy access to Hwy 24 which sees over 17,500 vehicles per day. The newly constructed building was delivered to the tenant in July 2023 with the 10+ year lease commencing in October 2023. The property is being offered with an asking price of $1,715,000 which equates to a 7.65% cap rate on current rent.

FOR SALE DETAILS

PRICE

$1,715,000 USD

PRICE/SF

$163 USD /SF

CAP RATE

7.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar & Dollar Tree

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

1.4 AC

LAND SF

60,984 SF

ZONING

-

APN/PARCEL ID

12-03S-022-00,12-30S-005-00

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.