1139 W Market St - Freestanding FOR SALE


Warren, OH 44485- Warren/Niles
$1,197,605 USD
214-692-2289
1139 W Market St, Warren, OH for Sale
$1,197,605 USD
Freestanding - FOR SALE
1/3
null | 8.35% Cap Rate

1139 W Market St
Warren, OH 44485
Warren/Niles


HIGHLIGHTS

  • Ranked in the top 6% of all Family Dollars nationwide (according to Placer.Ai)
  • 2012 build to suit for Family Dollar
  • Tenant recently extended their lease to a new full 10-year term, proving their long term commitment to the location
  • Strong corporately guaranteed lease
  • Family Dollar has successfully operated at this location for 12 years
  • Four, 5-Year renewal options remaining; all of which includes a 23% increase in O1 and 10% in options 2-4

OVERVIEW

3-Mile population of ±40,537 residents. 5-Mile population of ±70,492 residents. ±13,751 vehicles daily at the intersection of W Market St. Dollar Tree acquired Family Dollar in 2015 and they are considered to be the second-largest discount retailer in the United States with more than 16,000 locations. Family Dollar, a major national discount retailer with more than 8,000 stores across 48 states, has been acquired for roughly $1 billion by Brigade Capital Management, Macellum Capital Management, and Arkhouse Management Co. Now operating as an independent company, Family Dollar benefits from both fresh capital and significant retail expertise. This backing is expected to accelerate store upgrades and drive operational improvements. With its proven value-focused model and strong presence in local communities, Family Dollar continues to serve as a resilient anchor tenant, positioned for sustained growth in the years ahead.

FOR SALE DETAILS

PRICE

$1,197,605 USD

PRICE/SF

$146 USD /SF

CAP RATE

8.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2012

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,142 SF

ZONING

C

APN/PARCEL ID

39-390064,39-476400,39-476600,39-476650

ASK ABOUT THIS PROPERTY

Josh BishopMatthews Real Estate Investment ServicesMore Info
214-692-2289

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

Josh BishopMatthews Real Estate Investment ServicesMore Info
214-692-2289

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