230 S Main St - Storefront FOR SALE


Bellefontaine, OH 43311
$1,500,000 USD
614-619-3459
230 S Main St, Bellefontaine, OH for Sale
$1,500,000 USD
Storefront - FOR SALE
1/3
null | 8.2% Cap Rate

230 S Main St
Bellefontaine, OH 43311


HIGHLIGHTS

  • Single-tenant investment property leased to Dollar Tree Stores Inc.
  • Located on a signalized corner with convenient ingress and egress.
  • Long-term lease in place with renewal options and rent bumps.
  • 11,300 SF of building area on a 1.20-acre parcel with ample parking.
  • Positioned within Bellefontaine’s commercial corridor close to regional highways.
  • Landlord responsibilities limited primarily to structural roof maintenance.

OVERVIEW

This single-tenant retail investment property, located at 230 S Main Street in Bellefontaine, OH, offers an attractive opportunity for investors seeking stable, long-term income. Currently occupied by Dollar Tree with a lease commencing May 2025 and expiring in September 2030, the property provides strong occupancy security. The tenant, Dollar Tree Stores Inc., is responsible for HVAC and utilities, while the landlord handles roof integrity. Situated on a 1.20-acre signalized corner lot, the property features 11,300 SF of gross building area and a parking ratio of 4.78 per 1,000 SF, meeting retail parking standards. Bellefontaine serves as a county seat and regional hub with significant redevelopment investment in recent years. Located along S Main Street within a central business district corridor, the property benefits from steady traffic volumes and accessibility. With zoning designated as commercial and a strategic position near U.S. Route 68 and State Route 33, the site offers connectivity to surrounding residential and retail areas. Four five-year renewal options with rent escalations provide additional growth potential, making this an appealing low-risk asset for investors seeking value with a national credit tenant. Unlike many net retail investments that (for example) might be worth $3,000,000 based on income, but only $1,500,000 if vacant, we had at least 4 offers in the $1,500,000 range on this property before being leased to Dollar Tree. Copies of the offers are available on request.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$133 USD /SF

CAP RATE

8.2%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar Tree

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

54

LAND DETAILS

LAND ACRES

1.11 AC

LAND SF

48,352 SF

ZONING

Commercial

APN/PARCEL ID

17-091-16-02-013-000

ASK ABOUT THIS PROPERTY

Gary SchulteTimberline Development & RealtyMore Info
614-619-3459

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Gary SchulteTimberline Development & RealtyMore Info
614-619-3459

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