Delta, OH Retail
For Sale
Contact for pricing
6670 Us Highway 20A, Delta, OH
NNN Dollar General with 8 years remaining on lease.
Property Size10,651 SF
Lot Size1.12 Acres
Price / SF$85.35
Days on Market646
Property Features for 6670 Us Highway 20A
General Information
Standard status
Active
Size
10,651 SF
Lot size
1.12 Acres
Property subtype
RETAIL
Listing Agency:
Matthews Real Estate Investment Services - Orange County
(866) 889-0550
Listed By:
Meghan Carroll · License #02151705(CA)
(248) 227-0817
Source:
Moodyscre
Added: Dec 5, 2024
Changed: Sep 10
Last Checked: Sep 11 at 6:15AM
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 - Orange County
Investment Insights
Based on property information with market context.
This retail property is occupied by Dollar General, which commenced a new 10-year lease and has eight years remaining on the base term, demonstrating a strong commitment to the location. Dollar General has an investment grade credit rating of BBB (S&P) and a market capitalization of approximately $20 billion. The company has approximately 21,000 locations and plans to continue expansion. Considered an essential retailer, Dollar General has proven to be a profitable company. The property is located less than 2 miles from Interstate 80, which has an average daily vehicle count of approximately 24,800 vehicles per day. The property is located in Delta, OH, approximately 25 miles west of Toledo, OH (population 266,301). The property offers an attractive 8.25% return.
Key Highlights
- Attractive 8.25% return on a stabilized investment grade credit tenant.
- Dollar General boasts an investment grade credit rating of BBB (S&P).
- Eight (8) years remaining on a brand‑new 10‑year lease, demonstrating a strong commitment to this location.
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
$81,097
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
8.92%
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%
$1,621,940
$1.6M
Cap Rate 7%
$1,158,529
$1.2M
Cap Rate 9%
$901,078
$901.1K
Market Conditions
NOI Build-Up for 10,651 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
$115.0K $10.80/SF
− Vacancy
−$6.9K −$0.65/SF
EGI
$108.1K $10.15/SF
− OpEx
−$27.0K −$2.54/SF
NOI
$81.1K $7.61/SF
Area
Fulton County, OH
Vacancy
6.00%
Lease Rate
$10.80 /SF/Yr
Expense Ratio
25.00%
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%
$1,621,940
Cap Rate 7%
$1,158,529
Cap Rate 9%
$901,078
Alternative Uses
Best Use
Specialty Retail
$1.16M
$1.01M – $1.35M
NOI $81,097 @ 7.0% cap · market cap 8.92%
Second Best
Retail
$992.0K
$868.0K – $1.16M
NOI $69,442 @ 7.0% cap · market cap 7.64%
Theoretical Best
Office A
$1.77M
$1.55M – $2.07M
NOI $124,080 @ 7.0% cap · market cap 13.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
85
Businesses Nearby
10k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 56%
Dining 44%
Dollar General
Shops & Services
5,374 visits/mo
0.2 miles
SUBWAY
Dining
3,240 visits/mo
0.1 miles
Marco's Pizza
Dining
1,039 visits/mo
0.3 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Community Markets — 702 E Main St, Delta, OH 43515
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - NNN Dollar General with 8 years remaining on lease.
Where is this grocery and convenience store located?
The property is located at 6670 Us Highway 20A Delta, OH.
What is the asking price?
The asking price for this property is $909,091.
What are key features of this property?
This property features: Attractive 8.25% return on a stabilized investment grade credit tenant.; Dollar General boasts an investment grade credit rating of BBB (S&P).; Eight (8) years remaining on a brand‑new 10‑year lease, demonstrating a strong commitment to this location.
