1558 Orchard Park RdLexington, OH 44904

Property Details for 1558 Orchard Park Rd

Year built

2005

Lot size

1.11 AC

Property size (Sq ft)

9,100 SF

Property type

Retail properties

Property subtype

Retail space

APN

059-62-210-42-002

APU

596221042002

Description

This exceptional investment opportunity features a 9,014 square foot Dollar General store located at 1558 Orchard Park Rd, Lexington, OH 44904. Built in 2005 on a 1.11-acre lot (plus an available 0.81-acre parcel), this property boasts a strong 8.00% cap rate and a substantial net operating income (NOI) of $68,520. The property is subject to a triple-net (NNN) lease with a credit-rated corporate guarantor, ensuring consistent cash flow. The current lease, commencing February 1, 2006, and expiring January 31, 2031, has a remaining term of approximately 6.2 years, with three 5-year renewal options, each with a +/- 5% rent adjustment. The asking price is $856,500, translating to $95.02 per square foot. The property benefits from its location as the only dollar store in Lexington, serving a population of 32,490 with an average household income of $70,000 within a 5-mile radius. Surrounding national retailers include YMCA, NAPA Auto Parts, Subway, Rite Aid, and American Freight Furniture & Mattress. The additional 0.81-acre parcel is available for an additional $54,999, offering potential for expansion or added value. This property presents a compelling investment opportunity, particularly attractive for 1031 exchange investors seeking minimal landlord responsibilities and a strong return. The property's strong sales history and tenant commitment to a 10-year lease extension further solidify its value.

• CAP approach

  CAP return

  Valuation

  6%

  $2,525,535

  6.5%

  $2,331,263

  7%

  $2,164,744

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,145,059

  Geo Method

  $2,145,059

• Alternative Use

  Use

  Valuation

  Residential

  $1,966,508

  Hospitality

  $1,801,311

  Educational

  $1,498,669

  Medical

  $1,550,211

  Retail

  $2,331,263

Location Insight

City

Lexington

County

Richland

State

Ohio

Latitude

40.682

Longitude

-82.5677

CBSA code

31900

CBSA name

MANSFIELD, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].