Building Details

Year Built 2008

Tenancy Single

Listing Agency: Lee & Associates | Oakland Show Phone

Listed By: David Scarpinato · License #01812743 Show Phone

Source: Moodyscre

Added: Jul 6 Changed: Oct 7 Last Checked: Oct 15 at 12:24AM

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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 Lee & Associates | Oakland

Investment Insights

Based on property information with market context.

Located at 3465 State Route 125 in Bethel, Ohio, this 9,014± SF freestanding retail property was developed as a build-to-suit Dollar General and completed in 2008. The asset is occupied under a net lease structure.

The lease carries a full corporate guaranty from Dollar General Corporation, identified as NYSE: DG with an S&P BBB/Stable rating. The tenant pays real estate taxes and insurance while reimbursing CAM expenses. Three remaining five-year options include scheduled increases to rent and CAM reimbursement. The property is located 20 minutes from the closest major grocer.

Key Highlights

• 9,014± SF Dollar General build‑to‑suit completed in 2008
• Lease fully guaranteed by Dollar General Corporation
• Three remaining five‑year options with rent and CAM reimbursement increases

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$106,052

Cap Rate

8.69%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,121,040 $2.1M

Cap Rate 7%

$1,515,029 $1.5M

Cap Rate 9%

$1,178,356 $1.2M

Market Conditions

NOI Build-Up for 9,014 SF

Gross rent

$189.3K $21.00/SF

− Vacancy

−$47.9K −$5.31/SF

EGI

$141.4K $15.69/SF

− OpEx

−$35.4K −$3.92/SF

NOI

$106.1K $11.77/SF

Area

Clermont County, OH

Vacancy

25.30%

Lease Rate

$21.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,121,040

Cap Rate 7%

$1,515,029

Cap Rate 9%

$1,178,356

Alternative Uses

Best Use

Specialty Retail

$1.52M

$1.33M – $1.77M (±1% cap)

NOI $106,052 @ 7.0% cap · market cap 8.69%

Second Best

Retail

$1.25M

$1.09M – $1.46M (±1% cap)

NOI $87,548 @ 7.0% cap · market cap 7.17%

Theoretical Best

Office A

$1.62M

$1.41M – $1.89M (±1% cap)

NOI $113,122 @ 7.0% cap · market cap 9.26%

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

Property Analytics

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Current Use

Grocery and convenience stores

Suggested Use

Top Pick Real Estate Agency Restaurant Building Supply Auto Repair Shop Auto Parts Store Spa & Massage Center

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

Lease Details

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

40

Businesses Nearby

Explore this area Business Placement

Demographics for 45106, OH

11,855

Population

4,724

Households

2.5

Avg Household Size

43

Median Age

14%

College-Educated

91%

High-School Grad

73.7 sq mi

ZIP Area

161

Density / Sq Mi

$68,458

Median Household Income

$37,387

Median Earnings

$742

Median Rent

$203,300

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

Questions? Ask Rey

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What type of property is this? Where is this nnn properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

NNN property - Build-to-suit store completed in 2008 with tenant-paid taxes, insurance, and CAM reimbursement.

Where is this nnn property located?

The property is located at 3465 State Route 125 Bethel, OH.

What is the asking price?

The asking price for this property is $1,221,000.

What are key features of this property?

This property features: 9,014± SF Dollar General build‑to‑suit completed in 2008; Lease fully guaranteed by Dollar General Corporation; Three remaining five‑year options with rent and CAM reimbursement increases