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    Delta, OH Retail Investment Title is generated by Realmo AI

    6670 Us Highway 20A, Delta, OH

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    NNN Dollar General with 8 years remaining on lease.

    Type:RETAIL
    Property size:
    10,651 SF
    Lot size:
    1.12 Acres
    Price / SF:
    $85/SF
    Added:
    Dec 5, 2024
    Days on Market:
    555
    Last Refresh:
    May 19 at 9:08 pm

    Property Features for 6670 Us Highway 20A

    General Information

    Standard status
    Active
    Size
    10,651 SF
    Lot size
    1.12 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Meghan Carroll

    Listing agent Meghan Carroll

    Listing office Matthews Real Estate Investment Services - Orange County

    Listing date Dec 5, 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 - Orange County

    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.
    • Located less than 2 miles from Interstate 80, with approximately ±24,800 VPD.
    • Dollar General has been considered an essential retailer and has proven to be one of the most profitable companies through the COVID‑19 pandemic.
    • Delta, OH, is just ±25 miles west of Toledo, OH (population 266,301).

    Overview

    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.

    Local 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 (±1% cap)
    NOI $81,097 @ 7.0% cap · market cap 8.92%
    Second Best
    Retail
    $992.0K
    $868.0K – $1.16M (±1% cap)
    NOI $69,442 @ 7.0% cap · market cap 7.64%
    Theoretical Best
    Office A
    $1.77M
    $1.55M – $2.07M (±1% cap)
    NOI $124,080 @ 7.0% cap · market cap 13.65%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Community Markets — 702 E Main St, Delta, OH 43515

    Location Insight

    • Map
    • Local Demand
    City
    Delta
    County
    Fulton
    State
    Ohio
    Longitude
    -83.99
    Latitude
    41.574

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    FAQs

    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.
    (248) 227-0817 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Meghan Carroll
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