702 Main St - Supermarket FOR SALE


Delta, OH 43515
$865,000 USD
419-249-6309
702 Main St, Delta, OH for Sale
$865,000 USD
Supermarket - FOR SALE
1/3
null | 8.55% Cap Rate

702 Main St
Delta, OH 43515


HIGHLIGHTS

  • Strong, profitable, long-term grocery store tenant.
  • Walk-in coolers in the back room of the store owned by Landlord and included in offering.
  • Recent capital improvements include new roof (2010) and repaved parking lot (2019).
  • 14,016 SF building on 0.91 acres with 75 parking spaces and three curb cuts.

OVERVIEW

This single-tenant retail investment property offers a stable income stream with a long-standing tenant, Community Markets, operating at this location since 1990. The property is offered at $865,000 with an attractive 8.5% cap rate and a net operating income of $73,927.60. The tenant’s current lease runs through February 28, 2029, providing secure cash flow for investors. The building spans 14,016 SF on a 0.91-acre site and has undergone significant updates, including a new roof in 2010, repaved parking lot in 2019, and interior renovations in 2002. The property includes 75 parking spaces, three curb cuts, and is zoned for commercial use. Community Markets, now part of Spartan Nash, operates 49 grocery stores across the region and is backed by a major wholesaler with 188 supermarkets in 11 states. The lease structure includes base rent plus percentage rent on sales exceeding $3 million, with a historical maximum percentage rent of $10,000 annually. This investment offers a proven tenant, strong regional brand, and consistent performance for over three decades.

FOR SALE DETAILS

PRICE

$865,000 USD

PRICE/SF

$62 USD /SF

CAP RATE

8.55%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1945

SPRINKLERS

-

PARKING SPACES

75

LAND DETAILS

LAND ACRES

0.91 AC

LAND SF

39,640 SF

ZONING

B3

APN/PARCEL ID

31-059656-00.000,31-059664-00.000

ASK ABOUT THIS PROPERTY

Germano BressanSignature AssociatesMore Info
419-249-6309

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Germano BressanSignature AssociatesMore Info
419-249-6309

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