For Sale
$909,091

6670 Us-20A Delta, OH 43515

Ohio Storefront, 8-Year Lease

Overview

Added:
Dec 11, 2024
Days on market:
136
This fee-simple retail property in Delta, Ohio, offers a compelling investment opportunity. The 10,651 square foot building, constructed in 2007, sits on a 1.12-acre lot and is currently leased to Dollar General under a Net Net (NN) lease with eight years remaining until the lease expires on June 30, 2032. The lease commenced June 18, 2022, and includes two 5-year renewal options. Dollar General, a highly rated investment-grade tenant (BBB rating from S&P), enjoys a strong market presence with approximately 21,000 locations and a market capitalization exceeding $20 billion. The property benefits from its strategic location less than two miles from Interstate 80, a major thoroughfare with an average daily traffic count of approximately 24,800 vehicles. Delta, Ohio is conveniently located approximately 25 miles west of Toledo, Ohio. This stabilized investment offers an attractive 8.25% cap rate and presents a secure, long-term income stream. The asking price is $909,091.

Highlights

  • 8-year remaining lease term with Dollar General, a new 10-year lease commenced.
  • Excellent location, less than 2 miles from I-80 (approx. 24,800 VPD).
  • Close proximity to Toledo, OH (pop. 266,301), approximately 25 miles away.
  • Attractive 8.25% return with investment-grade tenant.
  • Investment-grade credit tenant (BBB rating, S&P).
  • Dollar General operates ~21,000 locations and plans continued expansion.

Property Details for 6670 Us-20A

Property type
Retail properties, Retail space
Year Built
2007
Lot Size (sq. ft)
48,787 SF

Location Insight

City
Delta
County
Fulton
State
Ohio
Latitude
41.574022738666
Longitude
-83.992992811257

FAQs

What type of property is this?
Retail property - Ohio Storefront, 8-Year Lease
Where is the retail property located?
The property is located at 6670 Us-20A Delta, OH.
What is the asking price?
The asking price for this property is $909,091.
What are key features of this property?
This property features: 8-year remaining lease term with Dollar General, a new 10-year lease commenced.; Excellent location, less than 2 miles from I-80 (approx. 24,800 VPD).; Close proximity to Toledo, OH (pop. 266,301), approximately 25 miles away.
How can I contact the broker?
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6670 Us-20A
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