For Sale
$1,295,000

308 Main St Amanda, OH 43102

High-yield, low-maintenance retail investment.

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional investment opportunity presents a Family Dollar store located at 308 E Main St, Amanda, OH 43102. The property boasts 8,320 square feet on a 0.71-acre lot, built in 2016. Currently operating under a corporate-guaranteed Absolute NNN lease with a remaining term of 7.4 years expiring March 31, 2032. The lease includes six 5-year renewal options, each with a 10% rent increase. The current annual net operating income (NOI) is $85,264, resulting in a 6.58% cap rate and a price per square foot of $155.65. The asking price is $1,295,000. This strategically located property benefits from its proximity to Amanda High School, further enhancing its long-term value. The tenant, Family Dollar, is a subsidiary of Dollar Tree, Inc. (Nasdaq: DLTR), a Fortune 500 company with an investment-grade rating. This presents a compelling opportunity for passive income generation with minimal landlord responsibilities. The property's location is within the Columbus MSA, approximately 25 miles from I-270 Outerbelt. The next rent increase of 10% is scheduled for April 2027. The property's APN is 0030075820. This offering is suitable for a 1031 exchange.

Highlights

  • Tenant is a Dollar Tree subsidiary, a Fortune 500 company (Nasdaq: DLTR).
  • Investment-grade tenant (S&P: BBB).
  • 2016 construction.
  • Lease has over seven years remaining.
  • Absolute NNN lease; no landlord responsibilities.
  • 10% rent increases in April 2027 and every five years thereafter.

Property Details for 308 Main St

Property type
Retail properties, Retail space
Square Feet
8,320 SF
Year Built
2016
Lot Size (sq. ft)
30,928 SF

Location Insight

City
Amanda
County
Fairfield
State
Ohio
Latitude
39.648704965191
Longitude
-82.738611303667

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FAQs

What type of property is this?
Retail property - High-yield, low-maintenance retail investment.
Where is the retail property located?
The property is located at 308 Main St Amanda, OH.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Tenant is a Dollar Tree subsidiary, a Fortune 500 company (Nasdaq: DLTR).; Investment-grade tenant (S&P: BBB).; 2016 construction.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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Contacts

Shad Phipps
Shad Phipps
Scott Behrmann
Scott Behrmann
Visit Broker Website

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Useful Information

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Main St
Amanda, OH 43102

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Amanda, OH 43102

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

308 Main St
  • Shad Phipps
    Shad Phipps
  • Scott Behrmann
    Scott Behrmann
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