308 Main StAmanda, OH 43102

Property Details for 308 Main St

Year built

2017

Lot size

0.71 AC

Property size (Sq ft)

8,320 SF

Property type

Retail properties

Property subtype

Outlet malls

APN

003-00758.20

APU

30075820

Description

This exceptional investment opportunity presents a Family Dollar store located at 308 E Main St, Amanda, OH 43102. The property boasts 8,320 square feet on a 0.71-acre lot, built in 2016. Currently operating under a corporate-guaranteed Absolute NNN lease with a remaining term of 7.4 years expiring March 31, 2032. The lease includes six 5-year renewal options, each with a 10% rent increase. The current annual net operating income (NOI) is $85,264, resulting in a 6.58% cap rate and a price per square foot of $155.65. The asking price is $1,295,000. This strategically located property benefits from its proximity to Amanda High School, further enhancing its long-term value. The tenant, Family Dollar, is a subsidiary of Dollar Tree, Inc. (Nasdaq: DLTR), a Fortune 500 company with an investment-grade rating. This presents a compelling opportunity for passive income generation with minimal landlord responsibilities. The property's location is within the Columbus MSA, approximately 25 miles from I-270 Outerbelt. The next rent increase of 10% is scheduled for April 2027. The property's APN is 0030075820. This offering is suitable for a 1031 exchange.

• CAP approach

  CAP return

  Valuation

  6%

  $2,128,937

  6.5%

  $1,965,172

  7%

  $1,824,803

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,961,197

  Geo Method

  $1,961,197

• Alternative Use

  Use

  Valuation

  Residential

  $1,657,697

  Hospitality

  $1,518,441

  Educational

  $1,263,325

  Medical

  $1,306,773

  Retail

  $1,965,172

Location Insight

City

Amanda

County

Fairfield

State

Ohio

Latitude

39.6489

Longitude

-82.7386

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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