Delta, OH Retail
6670 Us Highway 20A Delta, OH
For Sale
Contact for pricing
NNN Dollar General with 8 years remaining on lease.
Property Size10,651 SF
Lot Size1.12 Acres
Price / SF$85.35
Days on Market601
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
(248) 227-0817
Listed By:
Meghan Carroll · License #02151705(CA)
(248) 227-0817
Source:
Moodyscre
Added: Dec 5, 2024
Changed: Jul 6
Last Checked: Jul 21 at 6:06AM
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 For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $115.0k | $10.80 |
| − Vacancy | −$6.9k | −$0.65 |
| EGI | $108.1k | $10.15 |
| − OpEx | −$27.0k | −$2.54 |
| NOI | $81.1k | $7.61 |
10,651 SF · lease $10.80/SF/yr · vacancy 6.00% · expense 25.00%
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
Property Profile
Location Intelligence
Current Use
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.
