For Sale
$889,474

2955 Burlington PlCincinnati, OH 45225

High-yield Family Dollar storefront in Cincinnati, OH.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fee-simple ownership of an 8,000-square-foot Family Dollar storefront, operating under a Net Lease (NN+) agreement with a corporate guarantee from Dollar Tree (NYSE: DLTR), boasting a BBB credit rating from S&P. The property, built in 2004, enjoys a 100% occupancy rate and a remaining lease term of approximately 1.6 years, extending to June 29, 2026. The lease includes four five-year options with rental increase options ranging from 6.3% to 7.7%. The property sits on a 0.54-acre lot in a high-traffic area of Cincinnati, Ohio, less than a mile from the intersection of I-75 and Hopple Street (174,000+ vehicles per day), and near a major CSX rail facility. The asking price is $889,474, representing a price per square foot of $111.18 and a 9.50% cap rate based on a current NOI of $84,500. The property's location within a dense metro area, coupled with the tenant's strong financial performance and recession-resistant business model, makes this a compelling investment prospect. Year-over-year site visits have increased by 20.3%, and foot traffic ranks favorably within its immediate vicinity. The property features two ingress/egress points and is zoned for commercial use.

Property Details for 2955 Burlington Pl

Property type
Retail properties, Retail space
Square Feet
8,000 SF
Class
B
Year Built
2004
Buildings
1
Stories
1
Lot Size (sq. ft)
23,522 SF
Units
1

Location Insight

City
Cincinnati
County
Hamilton
State
Ohio
Latitude
39.13639521
Longitude
-84.53843243
2955 Burlington Pl, Cincinnati, Ohio

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2955 Burlington Pl
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