1154 W State St - Freestanding FOR SALE


Fremont, OH 43420
$691,500 USD
216-264-2025
1154 W State St, Fremont, OH for Sale
$691,500 USD
Freestanding - FOR SALE
1/3
null | 8.75% Cap Rate

1154 W State St
Fremont, OH 43420


HIGHLIGHTS

  • Strong Store Sales: Family Dollar Reported Well Above Average Store Sales of $1.875 Million in 2024 | Consecutive Increases in Sales Over the Last 5 Y
  • Cheap Rent in Place at $5.60/SF | 10% Rent Increase in Next Option
  • Positioned Along Primary East-West Thoroughfare (W State Street) with Great Access and Visibility to 11,325 Vehicles Per Day
  • All-Brick Construction 10,794 Square Foot Building
  • Family Dollar has Operated at Location for 23+ Years
  • Newer Roof (20 Year Warranty) and Recently Repaved Parking Lot

OVERVIEW

Marcus & Millichap, on behalf of ownership, is pleased to market for sale the Family Dollar located at 1154 W State Street in Fremont, Ohio. The subject property is a 10,794-square-foot all-brick former Rite Aid store built in 1982 and renovated to a Family Dollar in 2001. The tenant has historically performed very well at this location with the 2024 stores sales at 17% above the national average and trailing upwards from the previous five years. The tenant exercised their third renewal option which is set to expire December 31, 2027. The Tenant has two remaining, five-year options that include ten percent rental increase. The property has excellent visibility and access along West State Street which is the primary East-West thoroughfare in Fremont which sees over 11,325 cars per day. Dollar Tree, Inc. has announced the sale of its Family Dollar business segment to investment firms Brigade Capital Management and Macellum Capital Management for approximately $1 Billion, marking the completion of a previously announced strategic review. Family Dollar will remain headquartered in Chesapeake, Virginia, and continue operations as a private company under its existing leadership. The sale is intended to unlock greater value for Dollar Tree shareholders while positioning Family Dollar for renewed growth and long-term success. Backed by experienced investors and a revitalized leadership team, Family Dollar is poised to strengthen its mission of delivering affordable and essential products to communities across the U.S. The transaction is expected to close in the second quarter of 2025, pending customary approvals.

FOR SALE DETAILS

PRICE

$691,500 USD

PRICE/SF

$66 USD /SF

CAP RATE

8.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar | Strong Store Sales

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.85 AC

LAND SF

37,026 SF

ZONING

B-2

APN/PARCEL ID

34-50-00-1394-01,34-50-00-1395-00

ASK ABOUT THIS PROPERTY

Dustin JavitchMarcus & MillichapMore Info
216-264-2025

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Dustin JavitchMarcus & MillichapMore Info
216-264-2025

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