26 Bennett BlvdWintersville, OH 43953

Property Details for 26 Bennett Blvd

Year built

2001

Lot size

0.78 AC

Property size (Sq ft)

7,848 SF

Property type

Retail properties

Property subtype

Retail space

APN

03-01968-000

APU

301968000

Description

This exceptional investment opportunity presents a 7,848-square-foot Family Dollar convenience store located at 26 Bennett Blvd, Wintersville, OH 43953. The property sits on a 0.78-acre lot and boasts a strong 24+ year operating history with the current tenant, who recently exercised their second renewal option, extending the lease to December 31, 2029, leaving approximately 5.1 years remaining. The lease is a Double Net (NN) agreement, minimizing landlord responsibilities to the roof and building structure. The current annual net operating income (NOI) is $71,000, representing a 9.00% cap rate. The asking price is $788,888, translating to $100.52 per square foot—below replacement cost. Rent increases of 10% are scheduled every five years, and there's potential for additional income through a percentage rent clause (3% of gross sales exceeding $2,366,666.67). The property benefits from its location on Cadiz Rd, a high-traffic area (15,000 vehicles daily) leading to Fort Steuben Mall, and enjoys a strong market position as one of only two national dollar stores in Wintersville. Built in 2001, this property offers a secure, high-yield investment with a proven tenant and significant remaining lease term. The corporate guarantee provides added security.

• CAP approach

  CAP return

  Valuation

  6%

  $2,193,990

  6.5%

  $2,025,221

  7%

  $1,880,563

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,849,937

  Geo Method

  $1,849,937

• Alternative Use

  Use

  Valuation

  Residential

  $1,708,350

  Hospitality

  $1,564,840

  Educational

  $1,301,928

  Medical

  $1,346,703

  Retail

  $2,025,221

Location Insight

City

Wintersville

County

Jefferson

State

Ohio

Latitude

40.3759

Longitude

-80.7219

CBSA code

48260

CBSA name

WEIRTON-STEUBENVILLE, WV-OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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