Building Details

Year Built 2017

Listing Agency: Hanna Commercial Real Estate | Buffalo Show Phone

Listed By: Joseph Deck · License #30DE0804140 Show Phone

Source: Moodyscre

Added: Jul 22 Changed: Oct 26 Last Checked: Oct 28 at 8:52AM

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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 Hanna Commercial Real Estate | Buffalo

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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.

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

Estimated NOI and Cap Rate

NOI / Yr

$98,075

Cap Rate

8.38%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,961,500 $2.0M

Cap Rate 7%

$1,401,071 $1.4M

Cap Rate 9%

$1,089,722 $1.1M

Is this asking price fair?

Market Conditions

NOI Build-Up for 9,100 SF

Gross rent

$136.5K $15.00/SF

− Vacancy

−$5.7K −$0.63/SF

EGI

$130.8K $14.37/SF

− OpEx

−$32.7K −$3.59/SF

NOI

$98.1K $10.78/SF

Area

Trumbull County, OH

Vacancy

4.20%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,961,500

Cap Rate 7%

$1,401,071

Cap Rate 9%

$1,089,722

Alternative Uses

Best Use

Specialty Retail

$1.40M

$1.23M – $1.63M (±1% cap)

NOI $98,075 @ 7.0% cap · market cap 8.38%

Second Best

Retail

$1.26M

$1.10M – $1.46M (±1% cap)

NOI $87,875 @ 7.0% cap · market cap 7.51%

Theoretical Best

Office A

$1.73M

$1.51M – $2.02M (±1% cap)

NOI $120,906 @ 7.0% cap · market cap 10.33%

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

Property Analytics

Current Use

Grocery and convenience stores

Suggested Use

Top Pick Big Box & Wholesale Store Veterinary Clinic

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

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

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?

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