403 Jack Roush Way - Freestanding FOR SALE


Manchester, OH 45144
$847,000 USD
312-957-7212
403 Jack Roush Way, Manchester, OH for Sale
$847,000 USD
Freestanding - FOR SALE
1/8
null | 8.15% Cap Rate

403 Jack Roush Way
Manchester, OH 45144


HIGHLIGHTS

  • LONG TERM TENANT
  • ATTRACTIVE RENT INCREASES
  • MINIMAL MANAGEMENT RESPONSIBILITIES
  • INVESTMENT GRADE CREDIT
  • STRATEGIC RETAIL LOCATION
  • DOMINANT MARKET-SHARE LOCATION

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a freestanding Dollar General investment property located at 403 Jack Roush Way in Manchester, Ohio (the “Property”). Dollar General has been at this location since 2015; in 2020 Dollar general preemptively (4.5 years early) extended their double net lease demonstrating their commitment to this location and market. Dollar General has 3+ years of term remaining and is followed by five, 5-year renewal options. The lease features 10% rent increases at the start of each renewal option. The Property is strategically positioned at 403 Jack Roush Way in Manchester, Ohio, benefiting from excellent accessibility and visibility just off US Route 52, the region's primary east-west transportation corridor that parallels the Ohio River and connects the community to Portsmouth, Cincinnati, and numerous population centers throughout southern Ohio. As one of the area's few nationally branded retailers, Dollar General occupies a highly desirable location serving Manchester and the surrounding rural communities of Adams County, where retail competition is limited and residents often travel significant distances for everyday shopping needs. The Property draws from a broad trade area supported by a diverse economic base that includes agriculture, manufacturing, healthcare, education, energy production, and tourism. Its proximity to the Ohio River, local schools, healthcare facilities, and government offices further enhances customer traffic throughout the day. Additionally, the Property benefits from its location near the Ohio-Kentucky border, allowing it to capture demand from both Ohio and northern Kentucky residents. The combination of strong roadway access, limited retail supply, a loyal customer base, and Dollar General's position as a convenient provider of essential goods creates a compelling long-term retail location with characteristics that are difficult to replicate within the surrounding market.

FOR SALE DETAILS

PRICE

$847,000 USD

PRICE/SF

$84 USD /SF

CAP RATE

8.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1969

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,935 SF

ZONING

01

APN/PARCEL ID

171-32-19-006.000

ASK ABOUT THIS PROPERTY

Michael MintzHorvath & TremblayMore Info
312-957-7212

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Michael MintzHorvath & TremblayMore Info
312-957-7212

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