17505 Ohio 47 - Freestanding FOR SALE


Sidney, OH 45365
$1,251,371 USD
203-592-4688
17505 Ohio 47, Sidney, OH for Sale
$1,251,371 USD
Freestanding - FOR SALE
1/4
null | 7% Cap Rate

17505 Ohio 47
Sidney, OH 45365


HIGHLIGHTS

  • Nearly 12 Years Remain on Absolute Net Lease
  • Zero Landlord Responsibilities. Tenant is Responsible for All Operating Expenses and Capital Expenditures
  • Corporate Guaranty from Investment Grade Tenant (S&P BBB)
  • Dollar General has a Market Capitalization of $32+ Billion and Generated $37.8 billion in Revenue with $4 Billion of EBITDA in 2023
  • Strong Average Household Income within a 1-Mile Radius of $112,515
  • Optimal Demographics for Dollar General Consumer Base

OVERVIEW

Graystone Capital Advisors is pleased to present the Exclusive Listing of a Dollar General in Sidney, Ohio. Nearly 12 years remain on a 15 year, absolute net lease, with zero landlord responsibilities. All operating expenses, including capital expenditures are the tenant’s responsibility. The lease has three, five year options with a 10% rent increase each option. There is Corporate Guaranty from Dollar General, an investment grade tenant with an S&P Rating of BBB. Dollar General is an extremely stable tenant with a Market Capitalization of $32+ Billion. In 2023, the company generate $37.8 Billion in revenue with $4 Million in EBITDA. The 9,100 building sits on 2.33 Acres on OH-47 (4,300 VPD), a major thoroughfare running parallel to I-75 (49,000+ VPD) and connecting to OH-29. The building was newly constructed in 2021 with 300 feet of frontage on OH-47 and 39 parking spaces. Sidney, Ohio is Dollar General’s ideal target market as 70% of Dollar General stores are in neighborhood settings in cities and towns of about 20,000 Residents. Sidney has approximately 20,400 residents with a total of 23,505 people within a 5-mile radius of the Subject. Within a 1-Mile radius the average household income is strong of $112,515. Sidney is also strategically positioned between several of Ohio and Indiana’s major cities such as Columbus, Fort Wayne, Cincinnati and Indianapolis. Major companies supporting the local economy as Honda of America Manufacturing, Inc., Airstream, Copeland, Wilson Health, Continental Express Inc, and others.

FOR SALE DETAILS

PRICE

$1,251,371 USD

PRICE/SF

$138 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General | New Construction

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

39

LAND DETAILS

LAND ACRES

2.33 AC

LAND SF

101,495 SF

ZONING

CM

APN/PARCEL ID

44-19-16-251-009

ASK ABOUT THIS PROPERTY

Shannon BonaGraystone Capital AdvisorsMore Info
203-592-4688

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Shannon BonaGraystone Capital AdvisorsMore Info
203-592-4688

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