1305 Cleveland Ave - Freestanding FOR SALE


Ashland, OH 44805
$1,014,500 USD
617-904-4384
1305 Cleveland Ave, Ashland, OH for Sale
$1,014,500 USD
Freestanding - FOR SALE
1/6
null | 8.02% Cap Rate

1305 Cleveland Ave
Ashland, OH 44805


HIGHLIGHTS

  • Recent Lease Extension
  • Strong Store Sales
  • High Traffic Location
  • Passive NN Lease Structure
  • Investment Grade Credit
  • Strategic Retail Location

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a freestanding Family Dollar investment property located at 1305 Cleveland Avenue in Ashland, Ohio (the “Property”). Family Dollar has occupied this build-to-suit location since 2007 and recently exercised their first renewal option demonstrating their commitment to the site and the market. Family Dollar has 5+ years remaining on their lease with four (4), 5-year renewal options. The lease features attractive 10% rent increases at the start of each renewal option. Family Dollar is positioned along Cleveland Avenue, adjacent to the intersection with Middle Rowsburg Road. The Property enjoys excellent frontage and visibility and is seconds from US Routes 42 and 250, the area’s primary commuter corridors. Family Dollar is positioned just east of Downtown Ashland and enjoys convenient access to the area schools, national retailers and restaurants and several industrial complexes that drive traffic to the area. Additionally, the Property is close to Ashland’s residential neighborhoods, Ashland University, and Samaritan Hospital. Ashland is in north central Ohio approximately 60-miles south of Cleveland and 80 miles north of Columbus.

FOR SALE DETAILS

PRICE

$1,014,500 USD

PRICE/SF

$127 USD /SF

CAP RATE

8.02%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.73 AC

LAND SF

31,973 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Brendan ConwayHorvath & TremblayMore Info
617-904-4384

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Brendan ConwayHorvath & TremblayMore Info
617-904-4384

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