16535 London rd - Convenience Store FOR SALE


Orient, OH 43146
$2,229,000 USD
16535 London rd, Orient, OH for Sale
$2,229,000 USD
Convenience Store - FOR SALE
1/3
null | 6.5% Cap Rate

16535 London rd
Orient, OH 43146


HIGHLIGHTS

  • Corporate-guaranteed NNN lease with zero landlord duties
  • 5% rent increases every 5 years through term and options
  • Located in affluent Columbus MSA with $107K avg. income
  • New 2025 construction on 2.77-acre parcel
  • Investment-grade tenant with 21,000+ stores nationwide
  • Positioned 20 miles from downtown Columbus

OVERVIEW

15 YEAR CORPORATE NNN LEASE WITH RENT INCREASES IN INITIAL TERM & OPTIONS • The subject property has a new corporate guaranteed NNN lease with 5% rent increases every 5 years. • Tenant is 100% responsible for all expenses, including parking lot, taxes, insurance, roof, and structure. • There are 5% rent increases in the initial lease term and in each of the five, 5-year option periods. 2025 NEW CONSTRUCTION OHIO DOLLAR GENERAL ON 2.77 ACRES • This store is open and rent commenced in August 2025. INVESTMENT GRADE TENANT (S&P: BBB) WITH 21,000 LOCATIONS • Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment-grade credit rating of BBB. • The company currently operates over 21,000 locations and plans to open 575 new stores in US & 15 in Mexico. • Dollar General has been in business for 86 years and has a current net worth exceeding $18.16 billion. AFFLUENT MARKET WITH 5 MILE HOUSEHOLD INCOME $107,588 • This Dollar General is located in an affluent market with an average household income of $107,588, which is higher than most of Dollar General’s locations. COLUMBUS, OH MSA | LARGEST MSA IN OHIO • Columbus is the state capital and the most populous city in the state of Ohio with a metropolitan area of over 2 million people. • The city has a diverse economy based on education, government, insurance, banking, defense, aviation, food, clothes, logistics, steel, energy, medical research, health care, hospitality, retail, and technology. • As of 2025, the Greater Columbus area is home to the headquarters of six corporations in the U.S. Fortune 500: Cardinal Health, American Electric Power, Bath & Body Works, Nationwide, Bread Financial, and Huntington Bancshares. • Columbus is the home of two public colleges: Ohio State University (61,443 students), one of the largest college campuses in the United States, and Columbus State Community College (27,621 students). • Home to John Glenn Columbus International Airport that supports nearly 9.2 million passengers per year. • According to the Federal Reserve Bank of St Louis, the GDP of Columbus in 2024 was $182 billion.

FOR SALE DETAILS

PRICE

$2,229,000 USD

PRICE/SF

$209 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General | Columbus, OH MSA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.77 AC

LAND SF

120,661 SF

ZONING

-

APN/PARCEL ID

H19-0-003-00-005-08

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