Dollar General Grocery
For Sale
$1,098,700
3822 Springfield Xenia Rd, Springfield, OH 45506
Freestanding Dollar General location with a net-net lease structure and additional commercial land area.
Property Size10,860 SF
Lot Size6.12 Acres
Price / SF$101.17
Days on Market62
Property Features for 3822 Springfield Xenia Rd
General Information
Standard status
Active
Size
10,860 SF
Lot size
6.12 Acres
Property subtype
Discount
Lease Type
NNN
Net Operating Income
$87,889
Additional Details
Cap Rate
7.45%
Land Use
commercial
Amenities
SINGLE TENANT DOLLAR GENERAL LOCATION: 10,860-Square-Foot on a Large 1.68 Acre Lot
DOUBLENET LEASE: Six Years Remaining on a 10-Year Double-Net Lease with Four, Five-Year Renewal Options and 10 Percent Rental Increases in Each Option. Minimal Landlord Responsibilities
CORPORATE GUARANTEE: Lease is Guaranteed by Dollar General, with Over 20,000 Locations Across 48 States
FEE SIMPLE OWNERSHIP: Provides the Buyer with the Highest Form of Real Estate Ownership and Absolute Control Over the Asset
HIGH VISIBILITY LOCATION: Located Along Springfield Xenia Road with High Visibility and Lighted Pylon Sign. Easy Access from Both Traffic Directions. Four Miles from Downtown Springfield
HIGH TRAFFIC CORRIDOR: Located Just Off of Interstate 70 Seeing 55,800 Vehicles Per Day, a Major East-West Highway Connecting Dayton to Columbus and on to Pittsburgh
2 MILES FROM SPRINGFIELD-BECKLEY MUNICIPAL AIRPORT: Springfield-Beckley is a General Aviation Airport and Home to The Ohio Air National Guard 178th Wing Unit
PROXIMITY BETWEEN TWO MAJOR OHIO METRO AREAS: Springfield Is 30 Miles from Downtown Dayton Area, the 4th Largest Metro in Ohio. Columbus, the State Capital, is 30 Miles West and the Most Populous City in Ohio
Building Details
Building Size
10,860 SF
Listed By:
Dante Moretti · License #License(s): OH: SAL.2025002556
(614) 360-9077
Source:
Marcusmillichap
Added: Aug 15
Changed: Oct 11
Last Checked: Oct 14 at 7:43PM
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 Dante Moretti
Investment Insights
Based on property information with market context.
This freestanding Dollar General property contains 10,860 square feet on 6.12 acres of commercial land and was built in 1997. The lease is structured as NN, with the landlord responsible for the exterior and parking lot. The initial lease term has 6 years remaining, followed by four renewal options that include 10% rent increases.
The property is occupied by Dollar General, a nationally recognized retailer, and carries a 7.45% cap rate. Its combination of an established retail occupant, substantial land area, and defined renewal provisions provides a straightforward net-lease investment profile.
The property is occupied by Dollar General, a nationally recognized retailer, and carries a 7.45% cap rate. Its combination of an established retail occupant, substantial land area, and defined renewal provisions provides a straightforward net-lease investment profile.
Key Highlights
- 10,860‑square‑foot Dollar General building on 6.12 acres
- 7.45% cap rate
- 6 years remaining on the initial lease term
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,513
Cap Rate
3.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$850,260
$850.3K
Cap Rate 7%
$607,329
$607.3K
Cap Rate 9%
$472,367
$472.4K
Market Conditions
NOI Build-Up for 10,860 SF
Gross rent
$63.0K $5.80/SF
− Vacancy
−$2.3K −$0.21/SF
EGI
$60.7K $5.59/SF
− OpEx
−$18.2K −$1.68/SF
NOI
$42.5K $3.91/SF
Area
Clark County, OH
Vacancy
3.58%
Lease Rate
$5.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$850,260
Cap Rate 7%
$607,329
Cap Rate 9%
$472,367
Alternative Uses
Best Use
Specialty Retail
$3.03M
$2.65M – $3.53M
NOI $212,042 @ 7.0% cap · market cap 19.30%
Second Best
Retail
$607.3K
$531.4K – $708.6K
NOI $42,513 @ 7.0% cap · market cap 3.87%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
32
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 45506, OH
13,330
Population
6,613
Households
2
Avg Household Size
39
Median Age
13%
College-Educated
87%
High-School Grad
12.2 sq mi
ZIP Area
1,093
Density / Sq Mi
$40,132
Median Household Income
$34,774
Median Earnings
$800
Median Rent
$101,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Freestanding Dollar General location with a net-net lease structure and additional commercial land area.
Where is this grocery and convenience store located?
The property is located at 3822 Springfield Xenia Rd Springfield, OH.
What is the asking price?
The asking price for this property is $1,098,700.
What are key features of this property?
This property features: 10,860‑square‑foot Dollar General building on 6.12 acres; 7.45% cap rate; 6 years remaining on the initial lease term
