17 Mansfield Ave - Freestanding FOR SALE


Shelby, OH 44875
$1,261,334 USD
214-692-2289
17 Mansfield Ave, Shelby, OH for Sale
$1,261,334 USD
Freestanding - FOR SALE
1/3
null | 8.25% Cap Rate

17 Mansfield Ave
Shelby, OH 44875


HIGHLIGHTS

  • 2010 build-to-suit construction for Family Dollar
  • Tenant recently extended their lease to a new full 10-year term
  • Two, 5-Year renewal options remaining; all of which include a 10% rent increase
  • Family Dollar has successfully operated at this location for 14 years, proving their commitment to the location and market
  • ± 13,000 vehicles daily at the intersection of E Main St. & Mansfield Ave
  • 5-Mile population of ± 10,134 residents

OVERVIEW

10-Mile population of ± 13,391 residents. Strong corporately guaranteed lease. 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 is one of the few retailers that thrived through the COVID pandemic and witnessed a sharp increase in same-store sales/profitability. Investment Grade Credit Tenant – S&P Rated BBB.

FOR SALE DETAILS

PRICE

$1,261,334 USD

PRICE/SF

$137 USD /SF

CAP RATE

8.25%

% 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

2010

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.84 AC

LAND SF

36,590 SF

ZONING

Commercial

APN/PARCEL ID

046-08-185-18-000

ASK ABOUT THIS PROPERTY

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

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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.