1915 Central Ave - Freestanding FOR SALE


Middletown, OH 45044
$2,220,000 USD
201-600-3237
1915 Central Ave, Middletown, OH for Sale
$2,220,000 USD
Freestanding - FOR SALE
1/2
null | 7.05% Cap Rate

1915 Central Ave
Middletown, OH 45044


HIGHLIGHTS

  • Brand New 10-Year NNN Lease with Corporate Guarantee
  • Investment Grade Credit Tenant | Rated 'BBB' by S&P
  • Scheduled Rent Increases in each Option
  • Good Visibility with Traffic Counts of 19,700+ Vehicles Per Day
  • Excellent Demographics | 84,000+ People Residing within Five Miles
  • Close Proximity to Miami University Middletown | 1,400+ Students Enrolled

OVERVIEW

CBRE, on behalf of ownership, is pleased to exclusively offer the fee simple interest in a Dollar Tree located in Middletown, Ohio. The 11,180 square foot property sits on 1.55 acres. The property is subject to a brand-new ten-year triple-net lease. The lease is corporately guaranteed by Dollar Tree which boasts an investment grade credit rating of ‘BBB’ by Standard & Poors. There are $0.50 per square foot rent increases in each option period. The subject property is ideally positioned on a hard corner, signalized intersection. The site benefits from traffic counts of over 19,700 vehicles per day. Retailers nearby include O’Reilly Auto Parts, AutoZone, First Financial Bank, Dollar General, Sunoco and more. The property is strategically located in a dense residential area. There are numerous schools in the area including Middletown High School and Middletown Middle School which has nearly 2,700 combined students. In addition, Miami University Middletown is located approximately two miles from the subject property and has over 1,400 students enrolled. The area is densely populated with over 84,000 people residing within five miles of the subject property.

FOR SALE DETAILS

PRICE

$2,220,000 USD

PRICE/SF

$101 USD /SF

CAP RATE

7.05%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar Tree

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Drug Store, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1.55 AC

LAND SF

67,518 SF

ZONING

C

APN/PARCEL ID

Q6532-028-000-100

ASK ABOUT THIS PROPERTY

Karly IaconoCBREMore Info
201-600-3237

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Karly IaconoCBREMore Info
201-600-3237

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