101 Defiance St, West Unity, OH 43570
10,500 SF | Retail Building | West Unity, OH 43570 | $1,585,000 ($151/SF) | 7.65% Cap Rate
For Sale
Active
Asking Price $1,585,000
- Property Type
-
Retail
- Square Feet
- 10,500 SF
- Price / Square Foot
- $151
Listing Contacts
Hank Davis
Property Overview
Cushman & Wakefield is pleased to present the opportunity to purchase a NN+ leased Family Dollar/Dollar Tree store in West Unity, OH. West unity enjoys easy access to the Ohio Turnpike which sees nearly 24,000 cars per day and is the major East/West thoroughfare in Northern Ohio. The newly constructed building was delivered to the tenant in June 2023 with the 10+ year lease commencing in November 2023. The property is being offered with an asking price of $1,585,000 which equates to a 7.65% cap rate on current rent.
Property Details
- Year Built
- 2023
- Stories
- 1
- Property Subtype
- Grocery/Convenience Store
- Lot Size (sq. ft)
- 58,806 SF
Highlights
- 10+ Year NN+ lease with minimal landlord responsibilities
- Nearest traditional grocery store located 12.5 miles away
- Investment Grade Tenant (S&P: BBB Stable)
- Easily accessible from I-90 (Ohio Tpke) which sees 23,940 VPD
- Dual brand format which produces a 20% increase in sales compared to single brand, small-market stores
- Population of nearly 31,000 residents with an Average Household Income of $83,067 within a 10-mile radius
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