13889 Woodworth Rd - Freestanding FOR SALE


New Springfield, OH 44443
$1,894,000 USD
714-875-2400
13889 Woodworth Rd, New Springfield, OH for Sale
$1,894,000 USD
Freestanding - FOR SALE
1/1
null | 5.25% Cap Rate

13889 Woodworth Rd
New Springfield, OH 44443


HIGHLIGHTS

  • LONGER TERM LEASE - Over 8 years remaining on the initial term of the lease, followed by three, 5-year options.
  • ZERO LANDLORD RESPONSIBILITIES - Absolute NNN Lease. Ideal for Investors not Local to the Market or looking for a "hands off" investment.
  • MINIMAL COMPETITION - The property is more than 10 miles from the nearest discount store or major grocer.
  • EXCELLENT VISIBILITY - Frontage and signage on Woodworth Road (OH-165), with more than 6,000 vehicles passing by daily.
  • IDEAL DOLLAR GENERAL MARKET - The surrounding area has household income levels of $65,000 in the 1-Mile Ring and $78,000 in the 3-Mile Ring.
  • NATIONALLY RECOGNIZED TENANT - Dollar General is the largest “Small Box” retailer in the nation.

OVERVIEW

Prime Net Lease is pleased to present this 9,100 SF Dollar General store located in New Springfield, Ohio. The property is encumbered with a 15-year absolute NNN lease, leaving the landlord with no responsibilities. There are currently 8+ years remaining on the current lease with Three, 5-year options left. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade. The property has excellent visibility with frontage and signage on Woodworth Road (OH-165), more than 6,000 vehicles passing by daily. Nearby uses include Welsh Motors Ford Dealership, Swift Mart, U.S. Postal Service, Goodhope Speedway, and My Wish Weddings Barn. The property also has regional access, just 6 miles from on/off ramps to I-76, Ohio Turnpike, a major thoroughfare providing access northwest to Akron and Cleveland and southeast to Pittsburgh. There are 1,535 people within 3 miles of the site and 6,904 people within 5 miles of the property and the surrounding area is an ideal dollar store market - average household incomes within 1 mile of the site are $65,000 and $78,000 within 3 miles. The subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of a Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation’s top dollar store.

FOR SALE DETAILS

PRICE

$1,894,000 USD

PRICE/SF

$208 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

2.02 AC

LAND SF

87,879 SF

ZONING

-

APN/PARCEL ID

01-217-0-144.01-0

ASK ABOUT THIS PROPERTY

Paul MatusikPrime Net LeaseMore Info
714-875-2400

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Paul MatusikPrime Net LeaseMore Info
714-875-2400

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