12616 Chillicothe Rd - Freestanding FOR SALE


Chesterland, OH 44026
$1,368,500 USD
216-272-7005
12616 Chillicothe Rd, Chesterland, OH for Sale
$1,368,500 USD
Freestanding - FOR SALE
1/4
null | 7.5% Cap Rate

12616 Chillicothe Rd
Chesterland, OH 44026


HIGHLIGHTS

  • NNN lease with corporate guaranty and 5+ years of term remaining
  • 9,002 SF freestanding building on 3.55 AC parcel
  • Located adjacent to West Geauga Plaza in the heart of Chesterland's commercial district

OVERVIEW

This offering presents a single-tenant Dollar General investment located at 12616 Chillicothe Road in Chesterland, Ohio. The ±9,002-square-foot freestanding building sits on 3.55 acres and is secured by an absolute NNN lease with five years remaining and four five-year renewal options. Built in 2016, the property is adjacent to West Geauga Plaza, a Giant Eagle–anchored center, providing strong visibility, consistent traffic, and stable in-place income. The investment offers no landlord responsibilities and rent increases included.

FOR SALE DETAILS

PRICE

$1,368,500 USD

PRICE/SF

$152 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

3.55 AC

LAND SF

154,638 SF

ZONING

-

APN/PARCEL ID

11-338000

ASK ABOUT THIS PROPERTY

Christopher SeeligColliersMore Info
216-272-7005

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Christopher SeeligColliersMore Info
216-272-7005

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