4680 River RdWarren, OH 44484

Property Details for 4680 River Rd

Year built

2018

Lot size

1.39 AC

Property size (Sq ft)

9,078 SF

Property type

Retail properties

Property subtype

Outlet malls

APN

28-903598

APU

28903598

Description

This exceptional investment opportunity features a 9,026 square foot free-standing Dollar General store located at 4680 N River Rd NE, Warren, OH 44484. Built in 2018, this property boasts a 100% occupancy rate with a corporate-guaranteed, 15-year NNN lease (commencing September 15, 2018, and expiring September 14, 2033), leaving 9 years remaining. The lease includes four, 5-year options with a 10% rent increase at each option exercise. The property generates a strong net operating income (NOI) of $94,955, resulting in an attractive 7.50% cap rate. The asking price is $1,265,000, translating to $140.15 per square foot based on land value. This well-maintained property benefits from the strong brand recognition of Dollar General, a leading discount retailer known for its consistent profitability and stable cash flow. The property's prime location in Warren, Ohio, contributes to its long-term investment potential. This is a single-tenant property offering a hands-off investment approach focused on cash flow and appreciation. The property is for sale by owner.

• CAP approach

  CAP return

  Valuation

  6%

  $2,537,849

  6.5%

  $2,342,630

  7%

  $2,175,299

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,139,874

  Geo Method

  $2,139,874

• Alternative Use

  Use

  Valuation

  Residential

  $1,976,096

  Hospitality

  $1,810,093

  Educational

  $1,505,976

  Medical

  $1,557,769

  Retail

  $2,342,630

Location Insight

City

Warren

County

Trumbull

State

Ohio

Latitude

41.265

Longitude

-80.742

CBSA code

49660

CBSA name

YOUNGSTOWN-WARREN-BOARDMAN, OH-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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