Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    5626 Us-6 Andover, OH 44003

    For Sale
    $13,763,571

    18-Store Portfolio, High Occupancy, Strong NOI

    Property size:
    146,639 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents a portfolio of eighteen Dollar General stores strategically located across Ohio and West Virginia. The portfolio boasts a total of 146,639 square feet across multiple locations, currently operating at 100% occupancy. Each property benefits from a triple net (NNN) lease structure, minimizing landlord responsibilities. The portfolio's Net Operating Income (NOI) is a substantial $963,450, yielding a compelling 7.00% capitalization rate. The asking price for this diversified portfolio is $13,763,571, translating to a price per square foot of $93.86. Lease terms are staggered, ranging from 5.8 years to month-to-month, with an average lease term of 3.9 years. Many locations include multiple option periods and rent increases every five years, ensuring long-term income stability and growth potential. The portfolio's geographic diversification across multiple counties in both states mitigates risk and offers significant upside potential. This is a rare opportunity to acquire a well-established, high-performing portfolio of essential retail properties anchored by a nationally recognized brand. The portfolio's strong fundamentals, coupled with the inherent stability of the Dollar General tenant, make this an attractive investment for discerning buyers seeking significant returns and long-term value appreciation. The properties are situated on a combined 15.33 acres of land.

    Property Features for 5626 Us-6

    General Information

    Property type
    Individual retail properties
    Square Feet
    146,639 SF
    Lot Size
    667,775 SF

    HighLights

    • Absolute NNN lease with Dollar General (NYSE: DG), fixed rent increases.
    • Geographically diversified portfolio in Ohio and West Virginia with staggered lease terms.
    • Below‑market rents offering long‑term upside and redevelopment potential.
    • Investment‑grade tenant, Dollar General (Fortune 500 #111), exhibiting strong growth.
    • Zero landlord responsibilities, depreciable assets, and dominant retail presence.
    • Dollar General: leading national small‑box discount retailer.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Andover
    County
    Ashtabula
    State
    Ohio
    Longitude
    -80.5826193
    Latitude
    41.6069387

    Nearby Comparable

    • $425,000
      0.86 Acres

      Historic Andover Restaurant & Bridge

      Charming Covered Bridge Restaurant, Great Location
      380 Main St, Andover, OH 44003
      View Details
    • $325,000
      1.26 Acres

      Andover Retail Investment Opportunity

      Retail building on 1.26 acres with patio and parking.
      6497 State Route 85, Andover, OH 44003
      View Details
    • $299,900
      1,681 SF

      Commercial Building Near Pymatuning Lake

      Commercial building with high traffic near Pymatuning Lake.
      7517 Pymatuning Lake Rd, Williamsfield, OH 44093
      View Details

    Nearby Similar for Sale

    • $325,000
      1.26 Acres

      Andover Retail Investment Opportunity

      Retail building on 1.26 acres with patio and parking.
      6497 State Route 85, Andover, OH 44003
      View Details
    • $425,000
      0.86 Acres

      Historic Andover Restaurant & Bridge

      Charming Covered Bridge Restaurant, Great Location
      380 Main St, Andover, OH 44003
      View Details

    FAQs

    What type of property is this?
    Individual retail property - 18-Store Portfolio, High Occupancy, Strong NOI
    Where is this individual retail property located?
    The property is located at 5626 Us-6 Andover, OH.
    What is the asking price?
    The asking price for this property is $13,763,571.
    What are key features of this property?
    This property features: Absolute NNN lease with Dollar General (NYSE: DG), fixed rent increases.; Geographically diversified portfolio in Ohio and West Virginia with staggered lease terms.; Below-market rents offering long-term upside and redevelopment potential.
    Request Owner's contact information
    5626 Us-6 Andover, OH 44003
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5626 Us-6
    Andover, OH 44003
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5626 Us-6 Andover, OH 44003
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.