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2857 Prospect-Mt Vernon RdProspect, OH 43342

Ohio Convenience Store, NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fee-simple, single-tenant Dollar General store in Prospect, Ohio. The 9,100-square-foot building, constructed in 2018, sits on a 1-story structure and boasts 100% occupancy with a credit-rated tenant under an absolute NNN lease. The remaining lease term is nine years, with options for three- to four-year and five-year extensions. This property offers significant advantages for investors, including a strong national tenant with a BBB S&P and Baa2 Moody's credit rating, eliminating landlord responsibilities. Seller financing is available at a 4.5% interest rate over a nine-year term, amortized over 25 years. Located at 2857 Prospect-Mt Vernon Rd W, Prospect, OH 43342, this property is situated in Marion County and benefits from ideal demographics for strong performance. The property's location ensures minimal competition and aligns with Dollar General's successful market strategy. This is a rare chance to acquire a stable, high-performing retail asset with attractive financing terms. The property is a recession-resistant investment, benefiting from the essential nature of Dollar General's business model.

Highlights

  • 4.50% interest rate available.
  • 6.11% cash-on-cash return.
  • 20-year amortization schedule.
  • 60% loan-to-value ratio.
  • Seller financing available for up to 9 years.
  • Triple-net (NNN) leased portfolio of three Dollar General properties.

Property Details for 2857 Prospect-Mt Vernon Rd

Property type
Retail properties, Grocery and convenience stores
Square Feet
9,100 SF
Year Built
2018
Buildings
1
Stories
1
Units
1

Location Insight

City
Prospect
County
Marion
State
Ohio
Latitude
40.449919148563
Longitude
-83.196186019476
2857 Prospect-Mt Vernon Rd, Prospect, Ohio

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2857 Prospect-Mt Vernon Rd
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