For Sale
$2,046,000

980 Kilbourne StBellevue, OH 44811

Fee simple, 15-year NNN lease, 6.65% cap rate.

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a fee simple interest in a brand-new, 10,640 square foot Dollar General store located at 980 Kilbourne St, Bellevue, OH 44811. The property sits on a 2.33-acre lot and boasts a 15-year absolute NNN lease with Dollar General Corporation, a financially strong tenant with over $38 billion in annual revenue. The lease, signed by Dolgen Midwest LLC, a major operating subsidiary, features built-in 5% rent bumps commencing in year six and recurring every five years thereafter, providing a hedge against inflation. The current cap rate is 6.65%, projected to increase to over 7% in year six. This is a hands-off investment

Highlights

  • Investment-grade Dollar General property with a strong corporate guarantor ($38B annual revenue).
  • New 15-year NNN lease with built-in rent increases starting year six.
  • Located in a thriving residential area with over 8,000 residents in Bellevue, OH.
  • Brand new, prototypical 10,640 square foot Dollar General building on a 2.33-acre lot.
  • 100% NNN lease; no landlord responsibilities.
  • Depreciable asset offering significant tax advantages.

Property Details for 980 Kilbourne St

Property type
Lifestyle centers, Power centers
Square Feet
10,640 SF
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
101,495 SF
Units
1

Location Insight

City
Bellevue
County
Sandusky
State
Ohio
Latitude
41.2623607
Longitude
-82.8622658
980 Kilbourne St, Bellevue, Ohio

Nearby Similar for Sale

  • For Sale
    Off market

    Bellevue Office Space For Lease

    Downtown Bellevue, Furnished Offices Available

    115 Sandusky St
    Bellevue, OH
    View Details
  • For Sale
    $599,000

    Bellevue Industrial Property

    16,130 SF Flex Space, $599,000

    550 Goodrich Rd
    Bellevue, OH
    View Details
  • For Sale
    Off market

    Bellevue Industrial Warehouse - 40,000 SF

    Spacious warehouse, excellent location, lease options.

    105 Enterprise Dr Dr
    Bellevue, OH
    View Details
  • For Sale
    $295,000

    Bellevue Commercial Property - $295K

    Turnkey Business Opportunity in Bellevue, OH

    114 Sandusky St
    Bellevue, OH
    View Details
  • For Sale
    $375,000

    Bellevue, OH Commercial Land

    High-visibility corner lot, ideal for retail.

    103 Progress Dr
    Bellevue, OH
    View Details
  • For Sale
    $150,000

    Bellevue Commercial Property - Huge Potential

    1.99 Acres, 3848 sq ft, Investment Opportunity

    9304 Sr 269
    Bellevue, OH
    View Details

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
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.
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 unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].

Contacts

Kyle Hartung
Kyle Hartung
Visit Broker Website

Learn more

Useful Information

Request information

980 Kilbourne St, Bellevue, Ohio, 44811

Message sent successfully
Error

Email this Information

Link copied to clipboard
Message sent successfully
Error

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.

980 Kilbourne St
  • Kyle Hartung
    Kyle Hartung
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message

Sign Up

Already
a member?
By creating an account, you agree to
the Terms of service and acknowledge Privacy policy.

Just one more step, let’s verify your email

We have sent a verification link to

Please check your inbox to complete the process. Just click on the link in that email to complete your Sign up. If you don’t see it, you may need to check your spam folder.

Email verification link expired

It seems that the verification link has expired. No worries! We can send you a new link to

Log In

Don't have
an account?
Forgot password?

Reset your password

New to
Paperhouses?

Enter the email address associated with your account and we'll send you a link to reset your password.

Reset your password
Enter the email address associated with your account and we'll send you a link to reset your password.
New to Paperhouses?

Check your email

We've resent password reset instructions to if it is an email on file.

Please check again. If you still haven't received an email, try a different email.

Check your email

Thanks! If matches an email we have on file, then we've sent you an email containing further instructions for resetting your password. If you haven't received an email in 5 minutes, check your spam, resend, or try a different email.