322 S High St - Freestanding FOR SALE
Cortland, OH 44410 |
322 S High St
Cortland, OH 44410
HIGHLIGHTS
- • Corporate, 7,950 S.F. Dollar Tree: National, Publicly Traded Brand (NASDAQ: DLTR) with Over 15,000 Locations and Investment Grade Credit (Baa2/BBB)
- • Renovated in 2018 with 4 Years of Original Term Remaining and 4, 5-Yr. Option Periods with Rental Increases
- • Low Price Point Under $99/SF, Far Below Replacement Costs and Easily Replaceable Rent Below Market at $6.60/SF
- • Ideal, Low Management Asset for an Out-of-State, Passive Investor: Dollar Tree Handles All Daily On-Site Maintenance
- • Strong Surrounding Community with Avg. Household Incomes Over $90,000 Within a 3-Mile Radius
- • Excellent Frontage w/ High Visibility & Prominent Pylon Signage Along South High Street (SR-5), Direct Route to Warren, OH & 10 Miles to Youngstown
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Low Price NNN Dollar Tree - 6.68% CAP
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Drug Store, Storefront
TOTAL BUILDING SIZE
7950
STORIES
1
YEAR BUILT
2001
SPRINKLERS
-
PARKING SPACES
20
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
34-017500
