17505 Ohio 47, Sidney, OH 45365
9,100 SF | Retail Building | Sidney, OH 45365 | $1,251,371 ($138/SF) | 7% Cap Rate
For Sale
Active
Asking Price $1,251,371
- Property Type
-
Retail
- Square Feet
- 9,100 SF
- Price / Square Foot
- $138
Listing Contacts
Cade Kozlowski
Luke Timmis
Griffin Pitcher
Property Overview
Long-Term Absolute NNN Lease means ownership can expect a true hands-off experience with zero responsibilities as it relates to maintenance and capital expenditures. There is a Corporate Guaranty from Dollar General (NYSE: DG), an Investment-Grade Tenant with a Bond Rating of BBB per Standard & Poor. Dollar General’s initial 15-year lease on the subject site, exemplifies a long-term commitment to the location. Additionally, given the recent construction, the building maintains multiple warranties, which will allow Dollar General to have limited capital expenditures in the near term. Sidney, OH is an ideal location for Dollar General given it is somewhat rural and not well-served by other large retailers. In fact, 70% of Dollar General stores are located in cities with about 20,000 residents or less, and Sidney has a population of +/- 20,400.
Property Details
- Class
- B
- Year Built
- 2021
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 101,495 SF
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