106 E River St - Storefront FOR SALE


Antwerp, OH 45813
$1,500,000 USD
317-218-5316
106 E River St, Antwerp, OH for Sale
$1,500,000 USD
Storefront - FOR SALE
1/3
null | 8.75% Cap Rate

106 E River St
Antwerp, OH 45813


HIGHLIGHTS

  • Located just off Main & Main intersection of East River Street and North Main Street
  • The property was built in 2023 (20 Year Roof Warranty)
  • The property operates under a double-net lease with minimal landlord responsibilities
  • This is the only Family Dollar in a 15+ mile radius
  • Antwerp, OH is 20 minutes northeast of Fort Wayne, IN , and a little over an hour southwest of Toledo, OH

OVERVIEW

The Klink Group of Marcus & Millichap is pleased to present for sale the Family Dollar in Antwerp, Ohio. The subject property offers investors a stable, long-term net-leased retail opportunity backed by a nationally recognized discount retailer. The property has approximately ±8 years remaining on the original 10-year base term and operates under a double-net (NN) lease, providing minimal landlord responsibilities (roof, structure and parking lot replacement) and has a 20-year roof warranty. The lease features four (4) additional 5-year renewal options, each containing rental increases, allowing for built-in income growth. This offering is well-suited for passive investors seeking durable income, limited management obligations, and long-term residual value.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$143 USD /SF

CAP RATE

8.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

1.41 AC

LAND SF

61,420 SF

ZONING

-

APN/PARCEL ID

12-03S-022-00,12-30S-005-00

ASK ABOUT THIS PROPERTY

Jordan KlinkMarcus & MillichapMore Info
317-218-5316

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Jordan KlinkMarcus & MillichapMore Info
317-218-5316

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.