For Sale
$1,169,000

475 Home StGeorgetown, OH 45121

Ohio Convenience Store, Strong NOI

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 10,566 square foot Dollar General store located at 475 Home St, Georgetown, OH 45121, within the Cincinnati MSA. Built in 2015, this property sits on a 1.15-acre lot and boasts a strong 8.25% cap rate, generating a net operating income (NOI) of $96,364. The property benefits from a 15-year NNN lease with Dollar General, a Fortune 500 company (S&P: BBB rating), with 5.6 years remaining on the primary term and three 5-year options, each including a 10% rent increase. The tenant is responsible for all expenses, including taxes, insurance, and building maintenance. This location is a top performer, ranking in the top 5% of all Dollar General stores nationwide, serving approximately 214,500 customers annually. Georgetown is the county seat of Brown County, offering a stable economic base and proximity to other national retailers. The low rent and price point of $1,169,000 make this a compelling investment opportunity with significant long-term potential. The property's 100% occupancy ensures a consistent income stream. This is a relocation and expansion for Dollar General, demonstrating their confidence in the location and its potential for continued success.

Property Details for 475 Home St

Property type
Retail properties, Grocery and convenience stores
Square Feet
10,566 SF
Year Built
2015
Lot Size (sq. ft)
50,094 SF

Location Insight

City
Georgetown
County
Brown
State
Ohio
Latitude
38.855924
Longitude
-83.8974463
475 Home St, Georgetown, Ohio

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475 Home St
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