11249 State Route 41West Union, OH 45693

  • Retail properties
  • 7,200 SF
For Sale
$300,000 View listing

Property Details for 11249 State Route 41

Year built
1993
Lot size
0.63 AC
Property size (Sq ft)
7,200 SF
Property type
Retail properties
Property subtype
Retail space
APN
130-00-00-046.000
APU
1300000046000

Description

This exceptional investment opportunity presents a 7,500-square-foot, single-tenant Dollar General store situated on a one-acre lot in West Union, Ohio. Located at 11249 State Route 41, this property benefits from a high-traffic location directly across from a Walmart Supercenter. The property enjoys strong co-tenancy with established businesses including McDonald's, Dairy Queen, KFC, Tractor Supply, and NAPA Auto Parts. The current lease with the credit-rated Dollar General tenant expires on November 30, 2025. The property offers a compelling 7.60% cap rate with a Net Operating Income (NOI) of $22,798. This is part of a larger Dollar General portfolio. Detailed financial information is available upon execution of a confidentiality agreement. This retail investment is ideally positioned in Adams County, Ohio, approximately 70 miles east of Cincinnati, offering significant potential for long-term growth and return. The asking price for this exceptional property is $300,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,412,037
    6.5%
    $1,303,419
    7%
    $1,210,318
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,253,303
    Geo Method
    $2,253,303
  • Alternative Use

    Use
    Valuation
    Residential
    $1,099,483
    Hospitality
    $1,007,120
    Educational
    $837,912
    Medical
    $866,729
    Retail
    $1,303,419
11249 State Route 41, West Union, Ohio

Location Insight

City
West Union
County
Adams
State
Ohio
Latitude
38.7822
Longitude
-83.5633

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,739
$38,680
$80,710
$119,390
-
$110,500
$230,600
$341,100

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