1207 Limestone StSpringfield, OH 45503

This exceptional investment opportunity presents a fee-simple, single-tenant retail property located at 1207 N Limestone St, Springfield, OH 45503. The property, a 1-story, 0.64-acre building constructed in 1999, is currently 100% occupied by a Family Dollar, a subsidiary of Dollar Tree, under a corporate-guaranteed Net Lease (NN) agreement. The lease, originally commencing June 1st, 1999, has a remaining term of 8.8 years, extending to June 30th, 2033, with two 5-year options, each including a 10% rent increase. The property boasts a strong NOI of $71,205, resulting in an attractive 8.15% cap rate and a healthy 5.18% rent-to-sales ratio. The location benefits from high traffic counts exceeding 21,000 vehicles per day, a strong 5-mile population of 84,545 residents, and a 10-mile population of 115,453 residents. The building features upgraded brick construction and is part of a well-established retail corridor. Dollar Tree, with its investment-grade credit rating of BBB-, acquired Family Dollar in 2015, solidifying the tenant's financial strength and market position as the second-largest discount retailer in the US. The asking price for this exceptional net-leased investment is $873,681.