7481 Oh-753Bainbridge, OH 45133
- Other commercial real estate
- 10,640 SF
Property Details for 7481 Oh-753
- Year built
- 2025
- Lot size
- 1.78 AC
- Property size (Sq ft)
- 10,640 SF
- Property type
- Other commercial real estate
- Property subtype
- Other retail properties
Description
This exceptional investment opportunity presents a brand-new, 10,640-square-foot Dollar General Market in Hillsboro, Ohio. The property boasts a 15.3-year remaining lease term (commencing April 15, 2025 and expiring April 30, 2040) with a corporate guarantee from Dollar General, a credit-rated tenant with a "BBB" rating. The absolute NNN lease structure ensures minimal landlord responsibilities, with built-in rent bumps of 5% every five years, including at each of the five (5-year) renewal options. The property sits on a 1.78-acre lot with 30 parking spaces, strategically located on a high-traffic corner (OH-753 & Highway 50) seeing 4,601 cars daily. The strong demographics include a 10-mile population of 28,003 and a 3-mile average household income of $50,458. The asking price of $2,261,723 reflects a 6.80% cap rate based on a net operating income (NOI) of $153,797. This fee-simple ownership offers a compelling investment for 1031 exchange buyers or passive investors seeking a secure, high-return asset backed by a nationally recognized, financially stable tenant. The single-story building was constructed in 2025 and is zoned for commercial use. This is a plus-size footprint Dollar General Market, offering produce and fresh meats.
Location Insight
- City
- Bainbridge
- County
- Highland
- State
- Ohio
- Latitude
- 39.2168
- Longitude
- -83.439
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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