For Sale
$788,888

26 Bennett BlvdWintersville, OH 43953

High-yield Family Dollar investment, Ohio.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 7,848-square-foot Family Dollar convenience store located at 26 Bennett Blvd, Wintersville, OH 43953. The property sits on a 0.78-acre lot and boasts a strong 24+ year operating history with the current tenant, who recently exercised their second renewal option, extending the lease to December 31, 2029, leaving approximately 5.1 years remaining. The lease is a Double Net (NN) agreement, minimizing landlord responsibilities to the roof and building structure. The current annual net operating income (NOI) is $71,000, representing a 9.00% cap rate. The asking price is $788,888, translating to $100.52 per square foot—below replacement cost. Rent increases of 10% are scheduled every five years, and there's potential for additional income through a percentage rent clause (3% of gross sales exceeding $2,366,666.67). The property benefits from its location on Cadiz Rd, a high-traffic area (15,000 vehicles daily) leading to Fort Steuben Mall, and enjoys a strong market position as one of only two national dollar stores in Wintersville. Built in 2001, this property offers a secure, high-yield investment with a proven tenant and significant remaining lease term. The corporate guarantee provides added security.

Highlights

  • Double-Net (NN) Lease with landlord responsible only for roof and structure; 5.3 years remaining.
  • Offered at $100.52/sf, below replacement cost.
  • 9.00% cap rate, 10.00% rent increases every 5 years; 3% overage rent on sales exceeding $2,366,666.67.
  • One of only two national dollar stores in Wintersville.
  • Family Dollar tenant recently exercised their second renewal option, lease expires 12/31/2029; 24+ year operating history.
  • High traffic location on Cadiz Rd (15,000 VPD), leading to Fort Steuben Mall.

Property Details for 26 Bennett Blvd

Property type
Retail properties, Grocery and convenience stores
Square Feet
7,848 SF
Year Built
2001
Lot Size (sq. ft)
33,977 SF

Location Insight

City
Wintersville
County
Jefferson
State
Ohio
Latitude
40.3757548
Longitude
-80.7219315
26 Bennett Blvd, Wintersville, Ohio

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].
26 Bennett Blvd
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