For Sale
$1,652,000

227 Front StOak Hill, OH 45656

Family Dollar/Dollar Tree NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents a brand-new, 10,500 square foot Family Dollar/Dollar Tree combo store in Oak Hill, Ohio. Located on high-traffic Front Street, this property boasts a 10-year absolute NNN lease commencing December 3, 2023, and expiring February 28, 2034, with four, five-year renewal options featuring $0.50 per square foot rent increases. The lease is backed by a corporate guarantee from the investment-grade tenant, Family Dollar Stores, LLC (DLTR), providing significant financial security. The property, built in 2023, sits on a 1.44-acre lot and generates a strong net operating income (NOI) of $123,900, resulting in an attractive 7.50% cap rate. Landlord responsibilities are limited to roof, structure, and parking areas. The strategic location near other national retailers ensures high visibility and consistent customer traffic. This is a rare opportunity to acquire a high-performing, low-maintenance retail investment with a proven track record of success, offering a compelling combination of strong tenant, long-term lease, and excellent location. The asking price is $1,652,000, translating to $157.33 per square foot. This dual-branded store benefits from the combined strengths of both Family Dollar and Dollar Tree, reporting 20% higher same-store sales than standalone Family Dollar locations. The property's 100% occupancy further solidifies its value as a stable and reliable investment.

Highlights

  • Family Dollar/Dollar Tree combo store; 20% higher same-store sales than standalone Family Dollar locations.
  • New 10-year absolute NNN lease with four, five-year renewal options at $0.50/SF increases; rent commences December 2023.
  • Double Net (NN) lease; landlord responsible for roof, structure, and parking lot.
  • Investment-grade corporate guarantee from Family Dollar Stores, LLC (DLTR, S&P BBB rating).
  • Excellent Oak Hill, OH location on Front Street, near other national retailers.

Property Details for 227 Front St

Property type
Retail properties, Retail space
Square Feet
10,500 SF
Year Built
2023
Buildings
1
Stories
1
Lot Size (sq. ft)
62,726 SF
Units
1

Location Insight

City
Oak Hill
County
Jackson
State
Ohio
Latitude
38.8938657
Longitude
-82.5738462
227 Front St, Oak Hill, Ohio

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227 Front St
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