For Sale
$1,475,000

1280 Main St Newark, OH 43055

High-yield retail investment opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional investment opportunity presents a single-tenant, net-leased Family Dollar store located at 1280 E Main St, Newark, OH 43055, within the Columbus MSA. The property boasts a substantial 8,540 square foot building constructed in 2013 and situated on a 2.5-acre lot. Benefiting from a prime location at the hard corner of East Main Street and Dayton Road, this asset offers significant upside potential. The current lease agreement is a Net Lease with approximately 5 years remaining, including two 5-year renewal options, ensuring long-term stability. The property's strong demographics and low rent per square foot, combined with the tenant's excellent creditworthiness, make this a compelling investment at well below replacement cost. The asking price is $1,475,000, representing an attractive 8.50% capitalization rate. This property is part of a larger portfolio of Dollar Stores available for purchase individually or as a whole.

Highlights

  • Family Dollar single-tenant net lease property in Newark, OH (Columbus MSA).
  • 2013-built building.
  • NN+ lease with ~5 years remaining and two 5-year options.
  • High-visibility corner location at East Main Street & Dayton Road.
  • Below-market rent per square foot; strong credit tenant, well below replacement cost.
  • 8,540 SF building on 2.5 acres.

Property Details for 1280 Main St

Property type
Retail properties, Grocery and convenience stores
Square Feet
8,540 SF
Year Built
2013
Lot Size (sq. ft)
108,900 SF

Location Insight

City
Newark
County
Licking
State
Ohio
Latitude
40.0618164
Longitude
-82.3548099

FAQs

What type of property is this?
Retail property - High-yield retail investment opportunity.
Where is the retail property located?
The property is located at 1280 Main St Newark, OH.
What is the asking price?
The asking price for this property is $1,475,000.
What are key features of this property?
This property features: Family Dollar single-tenant net lease property in Newark, OH (Columbus MSA).; 2013-built building.; NN+ lease with ~5 years remaining and two 5-year options.
How can I contact the broker?
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1280 Main St
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