3147 Catawba RdPort Clinton, OH 43452

Property Details for 3147 Catawba Rd

Year built

2018

Construction

METAL FRAME

Lot size

1.58 AC

Property size (Sq ft)

7,636 SF

Property type

Retail properties

Property subtype

Retail space

APN

013-19621-28034-040

APU

131962128034040

Description

This exceptional investment opportunity presents a single-tenant, 7,545 square foot Dollar General convenience store located at 3147 NE Catawba Rd, Port Clinton, OH 43452. Built in 2018, this free-standing building boasts a 100% occupancy rate with a strong, remaining lease term of 8 years. The property operates under a triple-net (NNN) lease, minimizing landlord responsibilities. The current Net Operating Income (NOI) stands at $103,087, yielding an attractive 6.50% capitalization rate based on the asking price of $1,585,969. This strategically located property benefits from its position within a major tourism region attracting over 11 million annual visitors to the Lake Erie shores and islands. The surrounding area demonstrates strong demographics, with average household incomes exceeding $150,876 within a one-mile radius. Ample parking is available with over 40 individual spaces. The property's build-to-suit nature and the financial strength of Dollar General, a resilient national retailer, contribute to the investment's stability and long-term potential. This is a rare opportunity to acquire a high-performing, low-maintenance retail asset in a desirable location with significant growth prospects. The property is a one-story building situated in Ottawa County. This is a turnkey investment perfect for a passive income portfolio.

• CAP approach

  CAP return

  Valuation

  6%

  $2,019,362

  6.5%

  $1,864,027

  7%

  $1,730,882

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,799,964

  Geo Method

  $1,799,964

• Alternative Use

  Use

  Valuation

  Residential

  $1,572,376

  Hospitality

  $1,440,288

  Educational

  $1,198,303

  Medical

  $1,239,514

  Retail

  $1,864,027

Location Insight

City

Port Clinton

County

Ottawa

State

Ohio

Latitude

41.5702

Longitude

-82.8318

CBSA code

45780

CBSA name

TOLEDO, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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