330 County Road 276 - Supermarket FOR SALE


South Point, OH 45680
$2,150,000 USD
202-847-4200
330 County Road 276, South Point, OH for Sale
$2,150,000 USD
Supermarket - FOR SALE
1/5
null | 5.35% Cap Rate

330 County Road 276
South Point, OH 45680


HIGHLIGHTS

  • New Construction Ground Lease
  • Low Rent Per Square Foot
  • Zero Landlord Responsibilities
  • Corporate Lease
  • Strategic Retail Location
  • High Traffic Counts

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a brand-new, twenty-year, ALDI ground lease located at 330 County Road 276 in South Point, Ohio (“the Property”). The new construction ALDI has 18+ years remaining on their Absolute NNN Ground Lease with six (6), 5-year renewal options. The lease calls for rent increase at the start of all six of the five-year renewal options. The new construction ALDI is well located at the signalized intersection of County Road 276 (Sandusky Road N) and US Highway 52 (Ohio River Scenic Byway), the area’s primary commercial and commuter corridor. The Property enjoys outstanding frontage, visibility and signage and is easily accessible from Downtown South Point (4-miles) and Huntington, WV (4.5-miles). The Property is 2.3-miles from US Highway 60 and 3-miles from Interstate 64. ALDI is surrounded by national retailers and restaurants that drive traffic to the immediate area. South Point is positioned at the southern tip of Ohio. Nestled along the banks of the Ohio River, South Point offers convenient access to Huntington, West Virginia. Located just across the river, Huntington is the area’s largest city and is home to Marshall University (5-miles), Cabell Huntington Hospital (6.5-miles) and St Mary’s Medical Center (7.5-miles).

FOR SALE DETAILS

PRICE

$2,150,000 USD

PRICE/SF

$104 USD /SF

CAP RATE

5.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

ALDI

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.15 AC

LAND SF

93,654 SF

ZONING

-

APN/PARCEL ID

06-125-1600-000

ASK ABOUT THIS PROPERTY

Kyle DanielsonHorvath & TremblayMore Info
202-847-4200

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Kyle DanielsonHorvath & TremblayMore Info
202-847-4200

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