Dollar Tree NNN
1915 Central Ave, Middletown, OH 45044
Single-tenant Dollar Tree with 8.5 years remaining on lease.
Type:Retail
Property size:
11,180 SFLot size:
1.55 AcresPrice / SF:
$177/SF- Added:
- Feb 5, 2026
- Days on Market:
- 141
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 1915 Central Ave
General Information
- Standard status
- Active
- Size
- 11,180 SF
- Lot size
- 1.55 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1999
Listing office CBRE - Cincinnati
Listing date Feb 5, 2026
Source Crexi
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 CBRE - Cincinnati
HighLights
- Investment grade credit rating (BBB from S&P Global) corporately guaranteed by Dollar Tree.
- NNN lease with roughly 8.5 years remaining.
- High‑visibility "hard corner" location with traffic counts exceeding 17,600 VPD.
- Located near major educational hubs (Middletown school complex and Miami University Middletown).
- Serves a large consumer base: over 85,000 people within a five‑mile radius.
- Rental escalations of $0.50 per square foot in each of the four, 5‑year option periods.
Overview
The property offered for sale is a single-tenant, net-leased Dollar Tree located in Middletown, Ohio. The building has 11,180 square feet of space and is situated on a 1.55-acre site. The Dollar Tree has approximately 8.5 years remaining on a NNN lease, which is corporately guaranteed by Dollar Tree, holding a BBB investment grade credit rating from S&P Global. The lease includes rent escalations of $0.50 per square foot in each of the four, 5-year option periods. The site benefits from high visibility at a hard corner location, with traffic counts exceeding 17,600 vehicles per day. It is surrounded by established national brands, including Sunoco and First Financial Bank. The property is located within a residential community and near the Middletown school complex and Miami University Middletown. The location serves a consumer base of more than 85,000 people within a five-mile radius.
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 | $167.7k | $15.00 |
| − Vacancy | −$10.7k | −$0.96 |
| EGI | $157.0k | $14.04 |
| − OpEx | −$39.2k | −$3.51 |
| NOI | $117.7k | $10.53 |
11,180 SF · lease $15.00/SF/yr · vacancy 6.40% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.68M
$1.47M – $1.96M
NOI $117,725 @ 7.0% cap · market cap 5.94%
Second Best
Retail
$678.1K
$593.3K – $791.1K
NOI $47,467 @ 7.0% cap · market cap 2.40%
Theoretical Best
Office A
$2.21M
$1.93M – $2.58M
NOI $154,736 @ 7.0% cap · market cap 7.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Similar Places Nearby
- Unexpected Speakeasy @ Primo — 6 S Broad St, Middletown, OH 45044
- Needler's Fresh Market — 621 N University Blvd, Middletown, OH 45042
Location Insight
- Map
- Local Demand
- City
- Middletown
- County
- Butler
- State
- Ohio
- Longitude
- -84.389906
- Latitude
- 39.513075
Nearby Similar for Sale
FAQs
What type of property is this?
Grocery and convenience store - Single-tenant Dollar Tree with 8.5 years remaining on lease.
Where is this grocery and convenience store located?
The property is located at 1915 Central Ave Middletown, OH.
What is the asking price?
The asking price for this property is $1,981,266.
What are key features of this property?
This property features: Investment grade credit rating (BBB from S&P Global) corporately guaranteed by Dollar Tree.; NNN lease with roughly 8.5 years remaining.; **High‑visibility "hard corner" location with traffic counts exceeding 17,600 VPD.**
