Us 50 - Convenience Store FOR SALE


Hillsboro, OH 45133
$2,261,723 USD
734-755-6359
Us 50, Hillsboro, OH for Sale
$2,261,723 USD
Convenience Store - FOR SALE
1/3
null | 6.8% Cap Rate

Us 50
Hillsboro, OH 45133


HIGHLIGHTS

  • Brand New 15 Year Absolute NNN Lease with Zero Landlord Responsibilities
  • 2025 BTS Construction | Plus Size Footprint.
  • Corner Location | 4,601 Cars Per Day. On Main Thoroughfare into Downtown Hillsboro.
  • 5% Rent Bumps Every 5 Years.
  • Dollar General Market | Produce and Fresh Meats
  • On Main Thoroughfare into Downtown Hillsboro

OVERVIEW

Fortis Net Lease is pleased to present this brand new 10,640 SF. Dollar General Market store located in Hillsboro, Ohio. Dollar General Market stores sell produce and fresh meats and are a necessary addition to the areas they serve. The property offers a 15 Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains 5% rent increases every 5 years including at each of the 5 (5 Year) options to renew. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade. The store is on track to finish construction & open for business in April 2025. This Dollar General is highly visible as it is strategically positioned on the hard corner of OH-753 & Highway 50 seeing 4,601 cars per day. The 10 mile population from the site is 28,003 and the 3 mile average household income is $50,458 per year, making this location ideal for a Dollar General. This area is also seeing a steady growth in population. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of 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. List price reflects a 6.80% cap rate based on the NOI of $153,797.16.

FOR SALE DETAILS

PRICE

$2,261,723 USD

PRICE/SF

$213 USD /SF

CAP RATE

6.8%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General Market

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.78 AC

LAND SF

77,537 SF

ZONING

C-1

APN/PARCEL ID

32-12-000-375.01

ASK ABOUT THIS PROPERTY

Bryan BenderFortis Net LeaseMore Info
734-755-6359

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Bryan BenderFortis Net LeaseMore Info
734-755-6359

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