For Sale
$1,903,104

101 Main St Wilkesville, OH 45695

Ohio Retail Property - NNN Lease

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a brand-new, 10,542 square foot Dollar General store in Wilkesville, Ohio. Built in 2024 to the tenant's current specifications, this single-story building sits on a one-acre lot with ample 30-space parking. The property boasts a 15-year absolute NNN lease with a strong corporate guarantee from Dollar General Corporation (a Fortune 500 company with a BBB S&P rating and a $17 billion market cap). The lease includes a 5% rent increase every five years, providing consistent growth potential throughout the primary term and five, five-year options. The property's Net Operating Income (NOI) is $136,072, yielding a 7.15% cap rate. Located at 101 Main St, Wilkesville, OH 45695, this fee-simple property offers a secure, passive income stream for investors seeking a low-maintenance, high-return investment. The property is zoned commercial and is ideally suited for long-term, worry-free ownership. This is a rare opportunity to acquire a newly constructed, high-performing retail property backed by a financially stable, nationally recognized tenant. The building's size reflects higher sales and operating margins, further enhancing the investment's appeal.

Highlights

  • New 15-year absolute NNN lease with 5% rent increases every 5 years, plus five 5-year options.
  • Brand new, 10,542 SF Dollar General built-to-suit, delivering December 2024.
  • Building constructed to current Dollar General specifications.
  • Absolute NNN lease; zero landlord responsibilities.
  • Strong corporate guarantee from Dollar General Corporation (Fortune 500 company, S&P BBB rating, $17B market cap).

Property Details for 101 Main St

Property type
Retail properties, Retail space
Square Feet
10,542 SF
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
43,604 SF

Location Insight

City
Wilkesville
County
Vinton
State
Ohio
Latitude
39.0764603
Longitude
-82.3284712

FAQs

What type of property is this?
Retail property - Ohio Retail Property - NNN Lease
Where is the retail property located?
The property is located at 101 Main St Wilkesville, OH.
What is the asking price?
The asking price for this property is $1,903,104.
What are key features of this property?
This property features: New 15-year absolute NNN lease with 5% rent increases every 5 years, plus five 5-year options.; Brand new, 10,542 SF Dollar General built-to-suit, delivering December 2024.; Building constructed to current Dollar General specifications.
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.
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101 Main St
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