Building Details

Building Size 8,125 SF

Year Built 2004

Stories 1

Tenancy Single

Listed By: Jeff Gates Show Phone

Source: Srsre

Added: Sep 16 Changed: Oct 28 Last Checked: Nov 1 at 2:15AM

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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 Jeff Gates

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This NNN property is occupied by Dollar General, a nationally recognized discount retailer. The store has operated at the property for 22+ years, providing a long-established tenancy. The current lease has 2+ years remaining and carries a corporate guarantee from Dollar General, Corp., which is identified as investment grade with an S&P rating of BBB.

The tenant reported 21,055 locations as of May 2026. The building was constructed in 2004 and is located at 115 Citizens Pkwy in Bluffton, Ohio.

Key Highlights

• Dollar General has operated at the property for 22+ years
• Current lease has 2+ years remaining
• Corporate guarantee from Dollar General, Corp.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$32,245

Cap Rate

4.53%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$644,900 $644.9K

Cap Rate 7%

$460,643 $460.6K

Cap Rate 9%

$358,278 $358.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 8,125 SF

Gross rent

$47.8K $5.88/SF

− Vacancy

−$1.7K −$0.21/SF

EGI

$46.1K $5.67/SF

− OpEx

−$13.8K −$1.70/SF

NOI

$32.2K $3.97/SF

Area

Allen 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 Rate 5%

$644,900

Cap Rate 7%

$460,643

Cap Rate 9%

$358,278

Alternative Uses

Best Use

Specialty Retail

$1.58M

$1.38M – $1.84M (±1% cap)

NOI $110,338 @ 7.0% cap · market cap 15.49%

Second Best

Retail

$460.6K

$403.1K – $537.4K (±1% cap)

NOI $32,245 @ 7.0% cap · market cap 4.53%

Theoretical Best

Office A

$1.96M

$1.71M – $2.28M (±1% cap)

NOI $136,991 @ 7.0% cap · market cap 19.23%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

FedEx OnSite Postal Service Western Union Bank Dollar General Discount Store

Suggested Use

Top Pick Real Estate Agency Dental Office Building Supply Law Firm Auto Parts Store Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

86

Businesses Nearby

93k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 65% Shops & Services 35%

McDonald's Dining

23,321 visits/mo 0.4 miles

Circle K Shops & Services

14,999 visits/mo 0.3 miles

Shell Shops & Services

10,128 visits/mo 0.2 miles

Arby's Dining

9,817 visits/mo 0.3 miles

Dunkin' Donuts Dining

9,436 visits/mo 0.3 miles

Demographics for 45817, OH

6,420

Population

2,479

Households

2.6

Avg Household Size

40

Median Age

36%

College-Educated

98%

High-School Grad

64.0 sq mi

ZIP Area

100

Density / Sq Mi

$82,784

Median Household Income

$42,820

Median Earnings

$842

Median Rent

$195,100

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Frequently Asked Questions

What type of property is this?

NNN property - Corporate-backed retail tenancy with an established operating history and lease term remaining.

Where is this nnn property located?

The property is located at 115 Citizens Pkwy Bluffton, OH.

What is the asking price?

The asking price for this property is $712,500.

What are key features of this property?

This property features: Dollar General has operated at the property for 22+ years; Current lease has 2+ years remaining; Corporate guarantee from Dollar General, Corp.