For Sale
$488,888

1230 Main StWellsville, OH 43968

High-yield Ohio convenience store.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity features a Family Dollar convenience store located at 1230 Main St, Wellsville, OH 43968. The property boasts 8,000 square feet on a 0.78-acre lot and is currently operating at 100% occupancy. The property is a single-tenant, net lease (NN) investment with a corporate guarantee, offering significant security. The lease commenced October 28, 1999, and expires December 31, 2027, leaving approximately 3.1 years remaining. The current annual net operating income (NOI) is $44,000, resulting in a compelling 9.00% capitalization rate. Built in 2000, this well-maintained property benefits from a strong tenant in a stable location. The lease includes scheduled rent increases, providing for future income growth. This is an ideal addition to any diversified real estate portfolio seeking strong returns and low risk. The property is situated in Columbiana County, Ohio.

Highlights

  • Family Dollar-anchored investment property at 1230 Main St, Wellsville, OH.
  • 8,000 SF building on a 0.78-acre lot, 100% occupied.
  • Single-tenant, net lease (NN) with corporate guarantee.
  • Approximately 3.1 years remaining on lease (expires 12/31/2027).
  • $44,000 annual NOI, 9.00% cap rate.

Property Details for 1230 Main St

Property type
Retail properties, Grocery and convenience stores
Square Feet
8,000 SF
Year Built
2000
Lot Size (sq. ft)
33,977 SF

Location Insight

City
Wellsville
County
Columbiana
State
Ohio
Latitude
40.599958
Longitude
-80.6531959
1230 Main St, Wellsville, Ohio

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1230 Main St
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