Cap Rate
8.75%
Price Per SF
$89
Gross SQFT
9,014
Year Built
2005
Term Remaining
±5 YRS
NOI
$70,277
Property Type
Retail
INVESTMENT HIGHLIGHTS
LEASE & LOCATION
- Attractive 8.75% return on a stabilized investment grade credit tenant.
- Dollar General recently exercised a five-year lease renewal demonstrating a strong commitment to this location.
- The subject property is directly adjacent to Mercer County Community Hospital, the only hospital within a ±10-mile radius.
- Average household income of approximately $103,664 within a 5-mile radius.
- Coldwater, OH, is just ±50 miles southeast of Fort Wayne, IN (population 269,994).
TENANT
- Dollar General boasts an investment grade credit rating of BBB (S&P).
- Dollar General has ±21,000 locations and plans to continue their expansion for the foreseeable future.
- Dollar General has been considered an essential retailer and has proven to be one of the most. profitable companies through the COVID-19 pandemic.
Broker of Record
- Matt Wallace
- License No. REC.2022007141 (OH)
- (866) 889-0550
- Matthews Real Estate Investment Services, Inc
- 950 Main Ave.,
Suite 510, Cleveland, OH 44113