Salem Ave @ N Union Road - Freestanding FOR SALE


Clayton, OH 45315
$2,460,000 USD
513-325-8682
Salem Ave @ N Union Road, Clayton, OH for Sale
$2,460,000 USD
Freestanding - FOR SALE
1/2
null | 6.5% Cap Rate

Salem Ave @ N Union Road
Clayton, OH 45315


HIGHLIGHTS

  • New Construction Dollar General Plus | Build-to-Suit in 2025 | 10,566-SF on a +/-1.33-AC Parcel
  • Brand New 15-Year Absolute NNN Lease with Rare 5% Rent Increases Every 5-Years and in Each of Five, 5-Year Option Terms
  • No Landlord Responsibilities | Tenant is Responsible for Insurance, Taxes, Interior, Exterior, Including Roof, HVAC and Parking Lot
  • Hard, Signalized Corner Location With Easy Access From All Traffic Directions and Pedestrian Access From Signalized Crosswalks
  • Strong Demographics: Population Exceeds 69,500 Within a 5-Mile Radius | Unemployment is Below 1% Within 1 Mile
  • Household Incomes Exceed $103,400 Within 1-Mile

OVERVIEW

This offering presents a newly constructed Dollar General Plus store located at the signalized intersection of N Union Rd and Salem Ave in Clayton, Ohio. Set for completion in September 2025, the property spans 10,566 square feet on approximately 1.33 acres and will be delivered as a build-to-suit investment with a brand-new 15-year absolute triple-net (NNN) lease. The lease features rare 5% rent escalations every five years, including throughout the five 5-year renewal options, with no landlord responsibilities. Tenant covers all expenses including taxes, insurance, and repair & maintenance of the roof, HVAC, and parking lot.

FOR SALE DETAILS

PRICE

$2,460,000 USD

PRICE/SF

$233 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

N Union Road

LAND ACRES

1.33 AC

LAND SF

57,935 SF

ZONING

CMX

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Darpan PatelMarcus & MillichapMore Info
513-325-8682

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Darpan PatelMarcus & MillichapMore Info
513-325-8682

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