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Views: 55 DOM: 151 Updated: 05.20.24 Posted: 12.21.23 Status: Active

Summary

Price $1,652,000
Built/Renov 2023
Tenant Family Dollar | Dollar Tree
Cap Rate 7.50%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 10,500
Lease Start 10-01-2023
#Units 1,200
Price/SF $157.33
Expiration 10-01-2033
Tenant Type Dollar/Discount
NOI $123,900
R. Term 9.4
Ownership Fee Simple
Rent/SF $11.80
Increases 0.0%/10/yrs
Pop 5Mi 6,639
Lot/AC 1.44
Options 4/5yrs
AHHI 5Mi $46,117

Lease Highlights

  • Brand-new 2023 construction
  • Family Dollar | Dollar Tree recently signed a brand-new 10-year lease with 4 (5-year) options
  • Lease features $0.50/SF rental increase at the start of each option
  • Corporate guarantee | Investment grade tenant (S&P: BBB)

Location Description

Family Dollar | Dollar Tree is strategically located with frontage on Front Street, the main thoroughfare going through the city of Oak Hill. The property’s prime location is further enhanced by its proximity to national retailers, including Piggly Wiggly, CVS Pharmacy, Dollar General, Subway, McDonald’s, and more. Oak Hill is a village in Jackson County, Ohio, situated in the southern part of...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Family Dollar is an American retail, variety discount store chain, with over 8,000 locations in all states except Alaska and Hawaii. The chain operates general merchandise retail discount...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 1,773 3,501 5,430
2023 Total Population : 1,790 3,534 5,478
2023 Employed Civilian Pop : 664 1,379 2,253
2023 Total Businesses : 66 91 111
2023 Average Household Income : $ 77,326 $ 79,322 $ 79,630
2023 Total Consumer Spending : $ 51 M $ 100 M $ 149 M
2023 Median Age : 41 41 41
2023 Total Households : 746 1,408 2,099
2023 Pop Age 25+: Bachelor's Degree : 151 302 476
2023 Average Home Value : $ 166,216 $ 167,447 $ 165,979
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Maple St 2nd St 2004 1,760 0.07 mi
Front Street E Hill St 2021 5,826 0.08 mi
South Front Street Davis Ave 2021 4,546 0.09 mi
Maple Street PkAve 2021 2,241 0.11 mi
East Main Street Gallia St 2021 2,745 0.18 mi
Gallia Street Marcum St 2021 585 0.27 mi
Maple St Evan St 2018 2,192 0.28 mi
Front Street Monroe St 2021 5,876 0.41 mi
Front St N Jackson St 2004 4,970 0.47 mi
East Main Street Herbert Dr 2021 3,498 0.66 mi

Listing Broker

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