8020 Oh-366Russells Point, OH 43348

This exceptional 15,700 square foot Class A retail shopping center in Russells Point, Ohio, presents a compelling value-add investment opportunity. Currently 60% occupied by Dollar General, Dollar Tree, and Family Dollar, the property boasts a strong anchor tenant with a five-year net lease commencing January 22, 2021, and expiring January 22, 2026, leaving approximately 1.2 years remaining. The lease includes five, five-year renewal options with a $0.50 per square foot rent increase. The property features a fee simple ownership structure and benefits from a corporate guarantee by Dollar Tree Corporation, holding an investment-grade credit rating of BBB-. Situated on a main thoroughfare (OH-366) with high visibility and traffic counts exceeding 11,000, the center enjoys a prime location within a thriving market. The three-mile average household income is approximately $74,730, exceeding typical demographics for dollar stores. With 5,000 square feet of vacant space, this property offers significant potential for increased revenue and return on investment. The asking price is $989,000, translating to $62.99 per square foot, significantly below replacement cost. Built in 2021, the property is zoned C-1 and offers a strong NOI of $74,730. This is a rare opportunity to acquire a well-located, value-add retail property with a strong tenant base and significant upside potential.