Family Dollar & Dollar Tree
10,500 SF | Retail Building | Antwerp, OH 45813 | $1,715,000 ($163/SF) | 7.65% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,715,000
- Property Type
-
Retail
- Square Feet
- 10,500 SF
- Price / Square Foot
- $163
Listing Contacts
Hank Davis
Verified Profile
- Property Info
Property Overview
Cushman & Wakefield is pleased to present the opportunity to purchase a NN+ leased Family Dollar/Dollar Tree store in Antwerp, OH. Located just 15 minutes from Fort Wayne, IN, Antwerp enjoys easy access to Hwy 24 which sees over 17,500 vehicles per day. The newly constructed building was delivered to the tenant in July 2023 with the 10+ year lease commencing in October 2023. The property is being offered with an asking price of $1,715,000 which equates to a 7.65% cap rate on current rent.
Property Details
- Year Built
- 2023
- Stories
- 1
- Lot Size (sq. ft)
- 60,984 SF
Highlights
- 10+ Year NN+ lease with minimal landlord responsibilities
- Investment Grade Tenant (S&P: BBB Stable)
- Nearest traditional grocery store located 8 miles from Antwerp
- Easily accessible from Hwy 24 which sees 17,593 VPD
- Dual brand format which produces a 20% increase in sales compared to single brand, small-market stores
- 23,892 residents within a 10-mile radius of the property with an average household income of over $94,000 per year
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