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 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%

  $1,753,520

  6.5%

  $1,618,630

  7%

  $1,503,010

• Comparable approach

  Method

  Valuation

  Relative Method

  $763,466

  Geo Method

  $763,466

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,207,400

  Mixed-Use / Specialty

  $1,592,280

  Hospitality / Lodging

  $1,141,420

  Office

  $1,561,400

  Institutional / Educational

  $1,647,980

  Residential Income

  $1,928,140

  Multifamily

  $2,426,570

  Automotive / Energy

  $1,412,560

  Parking / Income-Based Land

  $507,783

  Restaurant / Food Service

  $784,249

  Healthcare / Senior Housing

  $1,653,960

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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