2160 S Columbus Rd - Convenience Store FOR SALE


Wooster, OH 44691
$1,526,181 USD
248-419-3657
2160 S Columbus Rd, Wooster, OH for Sale
$1,526,181 USD
Convenience Store - FOR SALE
1/7
null | 6.6% Cap Rate

2160 S Columbus Rd
Wooster, OH 44691


HIGHLIGHTS

  • 15 Year Absolute NNN Lease
  • Zero Landlord Responsibilities
  • 2020 BTS Plus Construction
  • Hard Corner Location | Seeing 13,353 Cars Per Day
  • 5 Mile Population 32,353
  • Investment Grade Dollar Store With "BBB" Credit Rating

OVERVIEW

Fortis Net Lease is pleased to present this 2020 BTS Dollar General store located in Wooster, Ohio. The property is secured with a 15 year Absolute NNN Lease leaving zero landlord responsibilities. There are 9.5 years left on the primary term. The lease contains 4 (5 year) options to renew, each with a 10% rental rate increase. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classi?ed as Investment Grade. The store has been open & successfully operating since September 2020. This Dollar General is highly visible as it is strategically positioned on the hard corner of Old Columbus Road and Shreve Road seeing 13,353 cars per day. The 5 mile population from the site is 32,353 and the 1 mile average household income is $92,010 per year, making this location ideal for a Dollar General. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of Dollar General. This investment will offer a new owner continued success due to the ?nancial strength and the proven pro?tability of the tenant, the nation’s top dollar store. List price re?ects a 6.60% cap rate based on NOI of $100,728.

FOR SALE DETAILS

PRICE

$1,526,181 USD

PRICE/SF

$188 USD /SF

CAP RATE

6.6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

84.45 AC

LAND SF

3,678,492 SF

ZONING

-

APN/PARCEL ID

56-01830-000

ASK ABOUT THIS PROPERTY

Andrew BenderFortis Net LeaseMore Info
248-419-3657

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Andrew BenderFortis Net LeaseMore Info
248-419-3657

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