Freestanding Dollar General
453 N Broadway St Green Springs, OH 44836
453 N Broadway St, Green Springs, OH, 44836
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For Sale
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Freestanding 2014-built Dollar General on a 1.44-acre parcel with an absolute triple-net structure.
Property Size9,014 SF
Lot Size1.44 Acres
Price / SF$144.58
Days on Market2136
Property Features for 453 N Broadway St
General Information
- Standard status
- Active
- Size
- 9,014 SF
- Lot size
- 1.44 Acres
- Property subtype
- RETAIL
Listing agency
HMX Realty Advisors - Corporate
(646) 850-9837
Listed by
Andrew Greenberg · License #10311201830
Source
Moodyscre
Added: Sep 17, 2020 Updated: Jul 22 at 7:24PM Checked: Jul 22 at 7:24PM
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 HMX Realty Advisors - Corporate
Investment Insights
Based on property information with market context.
HMX Realty Advisors exclusively presents a freestanding Dollar General located in Green Springs, Ohio. The property consists of a 9,014-square-foot building built in June 2014, situated on a 1.44-acre parcel consistent with Dollar General’s prototypical lot size.
The property is offered as an absolute triple-net lease. More than 11 years remain on the current lease, which expires June 30, 2029. The lease is corporately guaranteed by Dollar General and includes four remaining five-year renewal options, each with 10% rental increases at renewal.
Under the absolute triple-net structure, the tenant is responsible for roof, structure, parking lot, landscaping, and repairs, with no landlord responsibilities under the lease.
The property is offered as an absolute triple-net lease. More than 11 years remain on the current lease, which expires June 30, 2029. The lease is corporately guaranteed by Dollar General and includes four remaining five-year renewal options, each with 10% rental increases at renewal.
Under the absolute triple-net structure, the tenant is responsible for roof, structure, parking lot, landscaping, and repairs, with no landlord responsibilities under the lease.
Key Highlights
- Dollar General freestanding retail building totaling 9,014 SF
- Built in June 2014 and situated on a 1.44‑acre parcel
- Absolute triple‑net lease with 11+ years remaining, expiring June 30, 2029
Local Financial Insights For 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 | $54.1k | $6.00 |
| − Vacancy | −$1.4k | −$0.16 |
| EGI | $52.7k | $5.84 |
| − OpEx | −$15.8k | −$1.75 |
| NOI | $36.9k | $4.09 |
9,014 SF · lease $6.00/SF/yr · vacancy 2.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$526.8K
$460.9K – $614.6K
NOI $36,874 @ 7.0% cap · market cap 2.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.91M
$1.67M – $2.23M
NOI $133,799 @ 7.0% cap · market cap 10.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Dollar General
Discount Store
FedEx OnSite
Postal Service
Western Union
Bank
FAQs
What type of property is this?
Retail space - Freestanding 2014-built Dollar General on a 1.44-acre parcel with an absolute triple-net structure.
Where is this retail space located?
The property is located at 453 N Broadway St Green Springs, OH.
What is the asking price?
The asking price for this property is $1,303,278.
What are key features of this property?
This property features: Dollar General freestanding retail building totaling 9,014 SF; Built in June 2014 and situated on a 1.44‑acre parcel; Absolute triple‑net lease with 11+ years remaining, expiring June 30, 2029
