1139 W Market St Warren, OH
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NNN Family Dollar property with a new 10-year lease.
Type:RETAIL
Property size:
8,320 SFLot size:
0.88 AcresPrice / SF:
$143/SF- Added:
- Oct 21, 2024
- Days on Market:
- 556
- Last Refresh:
- Apr 5 at 11:05 pm
Property Features for 1139 W Market St
General Information
- Standard status
- Active
- Size
- 8,320 SF
- Lot size
- 0.88 Acres
- Property subtype
- RETAIL
Listing agent Josh Bishop (315) 730-6228
Listing office Matthews Real Estate Investment Services | Dallas (315) 730-6228
Listing date Oct 21, 2024
Source Moodyscre
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 Matthews Real Estate Investment Services | Dallas
Overview
Family Dollar Investment Opportunity
This property was built in 2012 as a build-to-suit for Family Dollar. The tenant has recently extended their lease to a new full 10-year term. Family Dollar has operated successfully at this location for 12 years. There are four, 5-year renewal options remaining, all of which include a 10% rent increase. The property experiences approximately 13,751 vehicles daily at the intersection of W Market St. The 3-mile population is approximately 40,537 residents, and the 5-mile population is approximately 70,492 residents. Dollar Tree acquired Family Dollar in 2015, and they are considered the second-largest discount retailer in the United States with more than 16,000 locations. Dollar Tree is one of the retailers that thrived through the COVID pandemic and witnessed a sharp increase in same-store sales and profitability. The property is occupied by an investment-grade credit tenant with an S&P rating of BBB. The property size is 8,320 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Family Dollar
Discount Store
Location Insight
- Map
- Local Demand
- City
- Warren
- County
- Trumbull
- State
- Ohio
- Longitude
- -80.8335
- Latitude
- 41.2339
Nearby Similar for Sale
FAQs
What type of property is this?
Grocery and convenience store - NNN Family Dollar property with a new 10-year lease.
Where is this grocery and convenience store located?
The property is located at 1139 W Market St Warren, OH.
What is the asking price?
The asking price for this property is $1,197,605.
What are key features of this property?
This property features: Strong corporately guaranteed lease with Investment Grade Credit Tenant – S&P Rated BBB.; Tenant (Family Dollar) recently extended their lease to a new full 10‑year term.; Family Dollar has successfully operated at this location for 12 years.
