17 S Gamble St - Freestanding FOR SALE


Shelby, OH 44875
$558,975 USD
201-215-1802
17 S Gamble St, Shelby, OH for Sale
$558,975 USD
Freestanding - FOR SALE
1/5
null | 8% Cap Rate

17 S Gamble St
Shelby, OH 44875


HIGHLIGHTS

  • Long Term Tenant
  • Attractive Rent Increases
  • Operating Expense Protection
  • Investment Grade Credit
  • Capital Improvements
  • Strategic Location

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a freestanding Dollar General investment property located at 17 S Gamble Street in Shelby, Ohio (the “Property”). Dollar General has been at this location since 1999 and has exercised several renewals, demonstrating their commitment to the site and the market. Dollar General has 4 years remaining on their lease with two (2), 5-year renewal options. The lease features attractive 10% rent increases at the start of each renewal option. The Property is well located along S Gamble Street (OH Route 61) and is 400 feet from the signalized intersection with E Main Street (OH Route 96) the area’s primary commercial and commuter corridors and enjoys strong frontage and visibility. The Property is positioned in the heart of Shelby and is close to area schools, and Shelby’s other commercial tenants and manufacturing facilities. The Property is easily accessible from Shelby’s residential neighborhoods providing a built-in customer base. Shelby is positioned in north central Ohio and is within 90 minutes of Cleveland, Columbus and Akron.

FOR SALE DETAILS

PRICE

$558,975 USD

PRICE/SF

$53 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.86 AC

LAND SF

37,462 SF

ZONING

-

APN/PARCEL ID

046-08-018-13-000

ASK ABOUT THIS PROPERTY

Steven SchiavelloHorvath & TremblayMore Info
201-215-1802

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

Steven SchiavelloHorvath & TremblayMore Info
201-215-1802

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