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Pleasant Hill Retail Investment Opportunity

305 S Main St, Pleasant Hill, OH

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For Sale

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NNN leased Dollar General with over 4 years remaining.

Type:RETAIL

Property size:

9,026 SF

Lot size:

1.83 Acres

Price / SF:

$108/SF

HighLights

Absolute NNN Lease – No Landlord Responsibilities
Investment grade credit rating of BBB (S&P)
4+ Years Remaining and Three, 5‑Year Option Periods with 10% Rent Increases in Each Option Period
Limited Competition – there are no grocery stores and one convenience store located in Pleasant Hill, OH
±93,622 People within a 10‑Mile Radius of the Property
Average Household Income in a 5‑Mile Radius is $100,534

We can help!

Listing Contact

Joe Nelson

For Sale

Contact for pricing

NNN leased Dollar General with over 4 years remaining.

Type:RETAIL

Property size:

9,026 SF

Lot size:

1.83 Acres

Price / SF:

$108/SF

Added:: Dec 11, 2024
Days on Market:: 549
Last Refresh:: May 20 at 9:32 pm

Property Features for 305 S Main St

General Information

Standard status: Active
Size: 9,026 SF
Lot size: 1.83 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Joe Nelson

Listing agent Joe Nelson License #02012421

Listing office Matthews Real Estate Investment Services

Listing date Dec 11, 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

HighLights

Absolute NNN Lease – No Landlord Responsibilities
Investment grade credit rating of BBB (S&P)
4+ Years Remaining and Three, 5‑Year Option Periods with 10% Rent Increases in Each Option Period
Limited Competition – there are no grocery stores and one convenience store located in Pleasant Hill, OH
±93,622 People within a 10‑Mile Radius of the Property
Average Household Income in a 5‑Mile Radius is $100,534

Overview

This property is subject to an absolute NNN lease, transferring all landlord responsibilities to the tenant. The lease has 4+ years remaining, along with three, 5-year option periods. Rent increases of 10% are scheduled for each option period. The surrounding area has an average household income of $100,534 within a 5-mile radius. Approximately 93,622 people reside within a 10-mile radius of the property. The location is roughly a 30-minute drive from downtown Dayton, OH, and about a 24-minute drive from Dayton International Airport. The immediate area has limited competition, with no other grocery stores and only one convenience store in Pleasant Hill, OH. The tenant, Dollar General, holds an investment-grade credit rating of BBB (S&P). Dollar General operates approximately 19,500 locations and intends to continue expanding. The tenant has been considered an essential retailer and has demonstrated profitability throughout the COVID-19 pandemic, with a market capitalization of approximately $30 billion. The property size is 9,026 square feet.

Property Profile Location Intelligence

Current Use by Public Records

Grocery and convenience stores

Suggested Use

Location Insight

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Local Demand

City: Pleasant Hill
County: Miami
State: Ohio
Longitude: -84.3438
Latitude: 40.0479

What type of property is this?

Grocery and convenience store - NNN leased Dollar General with over 4 years remaining.

Where is this grocery and convenience store located?

The property is located at 305 S Main St Pleasant Hill, OH.

What is the asking price?

The asking price for this property is $983,602.

What are key features of this property?

This property features: Absolute NNN Lease – No Landlord Responsibilities; Investment grade credit rating of BBB (S&P); 4+ Years Remaining and Three, 5‑Year Option Periods with 10% Rent Increases in Each Option Period