Building Details

Year Built 2014

Listing Agency: HMX Realty Advisors - Corporate Show Phone

Listed By: Andrew Greenberg · License #10401235016 Show Phone

Source: Moodyscre

Added: Sep 17, 2020 Changed: Oct 25 Last Checked: Oct 26 at 8:27PM

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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 HMX Realty Advisors - Corporate

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Investment Insights

Based on property information with market context.

HMX Realty Advisors exclusively presents a freestanding Dollar General located in Green Springs, Ohio. The property consists of a 9,014-square-foot building built in June 2014, situated on a 1.44-acre parcel consistent with Dollar General’s prototypical lot size.

The property is offered as an absolute triple-net lease. More than 11 years remain on the current lease, which expires June 30, 2029. The lease is corporately guaranteed by Dollar General and includes four remaining five-year renewal options, each with 10% rental increases at renewal.

Under the absolute triple-net structure, the tenant is responsible for roof, structure, parking lot, landscaping, and repairs, with no landlord responsibilities under the lease.

Key Highlights

• Dollar General freestanding retail building totaling 9,014 SF
• Built in June 2014 and situated on a 1.44‑acre parcel
• Absolute triple‑net lease with 11+ years remaining, expiring June 30, 2029

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$36,874

Cap Rate

2.83%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$737,480 $737.5K

Cap Rate 7%

$526,771 $526.8K

Cap Rate 9%

$409,711 $409.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 9,014 SF

Gross rent

$54.1K $6.00/SF

− Vacancy

−$1.4K −$0.16/SF

EGI

$52.7K $5.84/SF

− OpEx

−$15.8K −$1.75/SF

NOI

$36.9K $4.09/SF

Area

Seneca County, OH

Vacancy

2.60%

Lease Rate

$6.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$737,480

Cap Rate 7%

$526,771

Cap Rate 9%

$409,711

Alternative Uses

Best Use

Retail

$526.8K

$460.9K – $614.6K (±1% cap)

NOI $36,874 @ 7.0% cap · market cap 2.83%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.91M

$1.67M – $2.23M (±1% cap)

NOI $133,799 @ 7.0% cap · market cap 10.27%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Dollar General Discount Store FedEx OnSite Postal Service Western Union Bank

Suggested Use

Top Pick Auto Repair Shop Big Box & Wholesale Store Electrical Service Grocery & Convenience Store Pharmacy Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

33

Businesses Nearby

4k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Dollar General Shops & Services

4,393 visits/mo 0.0 miles

Demographics for 44836, OH

2,538

Population

974

Households

2.6

Avg Household Size

44

Median Age

16%

College-Educated

94%

High-School Grad

35.7 sq mi

ZIP Area

71

Density / Sq Mi

$76,144

Median Household Income

$43,173

Median Earnings

$846

Median Rent

$128,300

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Frequently Asked Questions

What type of property is this?

Retail space - Freestanding 2014-built Dollar General on a 1.44-acre parcel with an absolute triple-net structure.

Where is this retail space located?

The property is located at 453 N Broadway St Green Springs, OH.

What is the asking price?

The asking price for this property is $1,303,278.

What are key features of this property?

This property features: Dollar General freestanding retail building totaling 9,014 SF; Built in June 2014 and situated on a 1.44‑acre parcel; Absolute triple‑net lease with 11+ years remaining, expiring June 30, 2029