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    1435 E Spring St St Marys, OH 45885

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    For Sale
    $1,763,758

    New construction Dollar General Market store with long-term NNN lease.

    Property size:
    10,640 SF
    Lot size:
    2.68 Acres

    Property Features for 1435 E Spring St

    General Information

    Size
    10,640 SF
    Lot size
    2.68 Acres

    Source: Matthews Real Estate Investment Services | Dallas Agent Josh Bishop

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    New Dollar General NNN Lease

    This property features a new Dollar General Market store, constructed in 2024. The building is a larger Dollar General PLUS prototype, encompassing 10,640 square feet and situated on a large lot of approximately 2.68 acres. The property is located in St Mary's, Ohio, roughly 50 miles southwest of Fort Wayne, Indiana. The surrounding area has a population of 42,269 residents within a 10-mile radius. The lease is an absolute NNN lease with zero landlord management responsibilities, set for a 15-year term commencing in June 2024. The lease includes 5% rental increases every five years throughout its duration. The average household income in the area is $89,411.
    Location Intelligence

    Current Use by Public Records

    Dollar General Dollar Store

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    St Marys
    County
    Auglaize
    State
    Ohio
    Longitude
    -84.369608
    Latitude
    40.54587

    FAQs

    What type of property is this?
    Grocery and convenience store - New construction Dollar General Market store with long-term NNN lease.
    Where is this grocery and convenience store located?
    The property is located at 1435 E Spring St St Marys, OH.
    What is the asking price?
    The asking price for this property is $1,763,758.
    What are key features of this property?
    This property features: - 15-year absolute NNN lease starting June 2024, offering long-term passive income.; - Brand new 2024 build-to-suit construction for Dollar General.; - **Larger Dollar General PLUS prototype (10,640 SF building).**
    (315) 730-6228
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    1435 E Spring St St Marys, OH 45885
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    St Marys, OH 45885
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1435 E Spring St St Marys, OH 45885
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