Dollar General NNN
New
For Sale
$735,000
1020 S Clinton St, Defiance, OH 43512
Corporate-guaranteed retail tenancy with more than five years remaining on the current term.
Property Size8,000 SF
Days on Market2
Property Features for 1020 S Clinton St
General Information
Standard status
Active
Size
8,000 SF
Property subtype
Free Standing Building
Building Details
Building Size
8,000 SF
Year Built
2001
Tenancy
Single
Listing Agency:
Trinity Real Estate Investment Services
(817) 291-7842
Listed By:
Chance Hales · License #597585
(817) 291-7842
Source:
Thebrokerlist
Added: Aug 21
Changed: Aug 22
Last Checked: Aug 22 at 6:18AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Trinity Real Estate Investment Services
Investment Insights
Based on property information with market context.
Built in 2001, this NNN retail property is occupied by Dollar General under a current term with 5+ Years remaining. The tenant has exercised an option ahead of schedule, and the lease includes a corporate guarantee from a retailer operating over 21,000 locations nationwide.
The property is positioned along the main thoroughfare at 1020 S Clinton St, where 9,000+ vehicles pass the site daily. The surrounding retail corridor includes Walmart, Lowe's, Walgreens, and Kroger within a 2-mile radius. Defiance College and ProMedica Defiance Regional Hospital are also nearby, while the five-mile area includes 22,000+ residents.
The property is positioned along the main thoroughfare at 1020 S Clinton St, where 9,000+ vehicles pass the site daily. The surrounding retail corridor includes Walmart, Lowe's, Walgreens, and Kroger within a 2-mile radius. Defiance College and ProMedica Defiance Regional Hospital are also nearby, while the five-mile area includes 22,000+ residents.
Key Highlights
- NNN retail property occupied by Dollar General
- 5+ Years remaining on the current term
- Tenant exercised an option early
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,749
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$634,980
$635.0K
Cap Rate 7%
$453,557
$453.6K
Cap Rate 9%
$352,767
$352.8K
Market Conditions
NOI Build-Up for 8,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$47.0K $5.88/SF
− Vacancy
−$1.7K −$0.21/SF
EGI
$45.4K $5.67/SF
− OpEx
−$13.6K −$1.70/SF
NOI
$31.7K $3.97/SF
Area
Defiance County, OH
Vacancy
3.58%
Lease Rate
$5.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$634,980
Cap Rate 7%
$453,557
Cap Rate 9%
$352,767
Alternative Uses
Best Use
Retail
$453.6K
$396.9K – $529.2K
NOI $31,749 @ 7.0% cap · market cap 4.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.82M
$1.59M – $2.12M
NOI $127,473 @ 7.0% cap · market cap 17.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
385
Businesses Nearby
Explore this area
Business Placement
Demographics for 43512, OH
28,208
Population
12,665
Households
2.2
Avg Household Size
42
Median Age
21%
College-Educated
93%
High-School Grad
217.7 sq mi
ZIP Area
130
Density / Sq Mi
$72,082
Median Household Income
$42,014
Median Earnings
$851
Median Rent
$149,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Corporate-guaranteed retail tenancy with more than five years remaining on the current term.
Where is this nnn property located?
The property is located at 1020 S Clinton St Defiance, OH.
What is the asking price?
The asking price for this property is $735,000.
What are key features of this property?
This property features: NNN retail property occupied by Dollar General; 5+ Years remaining on the current term; Tenant exercised an option early
