64 Lexington Ave - Freestanding FOR SALE


Mansfield, OH 44907
$1,097,000 USD
714-878-6004
64 Lexington Ave, Mansfield, OH for Sale
$1,097,000 USD
Freestanding - FOR SALE
1/4
null | 7.5% Cap Rate

64 Lexington Ave
Mansfield, OH 44907


HIGHLIGHTS

  • Approx. 3 Years Remaining | Corporate Lease | Automatic Option Structure
  • NN Lease Structure | Fee Simple Ownership | Limited Landlord Responsibilities
  • Main Thoroughfare Location | Strong Visibility & Access | Established Retail Corridor
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

• The tenant, Family Dollar Stores of Ohio, Inc., has approximately 3 years remaining on the current lease scheduled to expire on June 30, 2029, • The lease features four (5-year) automatic renewal options, each with 10%rental increases, providing steady NOI growth and a hedge against inflation • The store has been operating at this location since 2004, demonstrating long-term site viability and tenant commitment

FOR SALE DETAILS

PRICE

$1,097,000 USD

PRICE/SF

$137 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar | 3yrs Remain Corp NN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

31

LAND DETAILS

LAND ACRES

0.77 AC

LAND SF

33,541 SF

ZONING

B1

APN/PARCEL ID

027-01-071-01-000,027-01-071-02-000,027-01-109-05-000,027-01-109-06-000,027-01-109-07-000

ASK ABOUT THIS PROPERTY

Jan Niklas CartusSRS National Net LeaseMore Info
714-878-6004

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Jan Niklas CartusSRS National Net LeaseMore Info
714-878-6004

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