305 S Main St Pleasant Hill, OH
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NNN leased Dollar General with over 4 years remaining.
Type:RETAIL
Property size:
9,026 SFLot size:
1.83 AcresPrice / SF:
$108/SF- Added:
- Dec 11, 2024
- Days on Market:
- 504
- Last Refresh:
- Apr 5 at 10:48 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
Listing agent Joe Nelson (818) 497-8411
Listing office Matthews Real Estate Investment Services (818) 497-8411
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
Overview
Pleasant Hill Retail Investment Opportunity
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
Insight Report
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Location Insight
- Map
- Local Demand
- City
- Pleasant Hill
- County
- Miami
- State
- Ohio
- Longitude
- -84.3438
- Latitude
- 40.0479
FAQs
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
