Freestanding Retail NNN
For Sale
Contact for pricing
4290 State Route 87, Farmdale, OH 44439
New 2017 construction retail property is fully leased under an absolute triple net structure.
Property Size9,100 SF
Price / SF$128.57
Days on Market10
Property Features for 4290 State Route 87
General Information
Standard status
Active
Size
9,100 SF
Property subtype
RETAIL
Building Details
Year Built
2017
Listing Agency:
Hanna Commercial Real Estate | Buffalo
(716) 830-3325
Listed By:
Joseph Deck · License #30DE0804140
(716) 830-3325
Source:
Moodyscre
Added: Jul 22
Changed: Jul 26
Last Checked: Jul 31 at 5:45AM
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 Hanna Commercial Real Estate | Buffalo
Investment Insights
Based on property information with market context.
This freestanding retail property was newly constructed in 2017 and is offered for sale on an absolute triple net (NNN) lease basis, with no landlord responsibilities. The current tenant is Dollar General, and the offering includes a corporate guaranty from an investment grade tenant. The lease also provides (4) five-year options to extend, with 10% rent increases at each option.
The property is located at 4290 State Route 87 in Farmdale, Ohio. Nearby tenants listed include the U.S. Post Office, Ends of the Commons - General Store, Kuhns Manufacturing, Mesopotamia Filling Station, and the Mespo Expo Center.
For investors and buyers seeking portfolio alignment, this asset is part of a larger offering that also includes 12375 Mayfield Rd in Chardon and 10701 Mahoning Ave in North Jackson.
The property is located at 4290 State Route 87 in Farmdale, Ohio. Nearby tenants listed include the U.S. Post Office, Ends of the Commons - General Store, Kuhns Manufacturing, Mesopotamia Filling Station, and the Mespo Expo Center.
For investors and buyers seeking portfolio alignment, this asset is part of a larger offering that also includes 12375 Mayfield Rd in Chardon and 10701 Mahoning Ave in North Jackson.
Key Highlights
- New 2017 construction retail property fully leased under an absolute triple net (NNN) structure
- Tenant is Dollar General (NYSE: DG) with a BBB credit rating
- Investment‑grade tenant provides a corporate guaranty; no landlord responsibilities noted
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 | $136.5k | $15.00 |
| − Vacancy | −$5.7k | −$0.63 |
| EGI | $130.8k | $14.37 |
| − OpEx | −$32.7k | −$3.59 |
| NOI | $98.1k | $10.78 |
9,100 SF · lease $15.00/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.40M
$1.23M – $1.63M
NOI $98,075 @ 7.0% cap · market cap 8.38%
Second Best
Retail
$1.26M
$1.10M – $1.46M
NOI $87,875 @ 7.0% cap · market cap 7.51%
Theoretical Best
Office A
$1.73M
$1.51M – $2.02M
NOI $120,906 @ 7.0% cap · market cap 10.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
17
Businesses Nearby
Explore this area
Business Placement
Demographics for 44439, OH
577
Population
152
Households
3.8
Avg Household Size
26
Median Age
4%
College-Educated
62%
High-School Grad
2.9 sq mi
ZIP Area
199
Density / Sq Mi
$65,500
Median Household Income
$34,333
Median Earnings
$818
Median Rent
$168,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - New 2017 construction retail property is fully leased under an absolute triple net structure.
Where is this nnn property located?
The property is located at 4290 State Route 87 Farmdale, OH.
What is the asking price?
The asking price for this property is $1,170,000.
What are key features of this property?
This property features: New 2017 construction retail property fully leased under an absolute triple net (NNN) structure; Tenant is Dollar General (NYSE: DG) with a BBB credit rating; Investment‑grade tenant provides a corporate guaranty; no landlord responsibilities noted
