17 Mansfield AveShelby, OH 44875

Property Details for 17 Mansfield Ave

Year built

2010

Lot size

1.95 AC

Property size (Sq ft)

9,180 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a fee-simple ownership of a 9,180-square-foot retail property located at 17 Mansfield Ave, Shelby, OH 44875. The property, built in 2010, sits on a 1.95-acre lot and boasts a 100% occupancy rate with a strong, credit-rated corporate guarantee from Dollar Tree, a subsidiary of Dollar General. The current tenant, Family Dollar, enjoys a net lease (NN+) with a remaining lease term of approximately 9.4 years, extending to January 31, 2034. The lease includes two five-year renewal options, each with a 10% rent increase. The property generates a substantial net operating income (NOI) of $104,060, resulting in an attractive 8.00% cap rate. This prime location benefits from high daily traffic volume, approximately 13,000 vehicles daily, at the intersection of E Main St. and Mansfield Ave, serving a population of approximately 10,134 residents within a five-mile radius. Dollar Tree's strong financial standing, as the second-largest discount retailer in the US with over 16,000 locations, further solidifies this investment's stability and potential for long-term growth. The asking price for this single-story building is $1,300,750. This is a rare opportunity to acquire a well-performing, triple-net leased retail property with a proven track record and significant upside potential.

Location Insight

City

Shelby

County

Richland

State

Ohio

Latitude

40.8803

Longitude

-82.6556

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