For Sale
$1,250,000

1139 Market StWarren, OH 44485

8% Cap Rate, 10-Year Lease, Strong Tenant

Overview

Added:
Dec 11, 2024
Days on market:
111

Highlights

  • $1,250,000 asking price for a fee-simple retail property.
  • Net-leased convenience store, grocery store, and QSR property with a credit-rated, corporate-guaranteed tenant.
  • 8,320 square foot building on a 0.7-acre lot, built in 2012, currently 100% occupied by Dollar General, Dollar Tree, and Family Dollar.
  • Nine-year remaining lease term with four, five-year renewal options; rent increases of 23% in the first option and 10% in subsequent options.
  • Strong location with approximately 13,751 vehicles per day at the intersection of W Market St, serving a 5-mile population of approximately 70,492 residents. The property generates a $100,000 NOI, resulting in an 8% cap rate.

Property Details for 1139 Market St

Property type
Retail properties, Grocery and convenience stores
Square Feet
8,320 SF
Year Built
2012
Buildings
1
Stories
1
Lot Size (sq. ft)
30,492 SF

Location Insight

City
Warren
County
Trumbull
State
Ohio
Latitude
41.2337716
Longitude
-80.8332376
1139 Market St, Warren, Ohio
Leaflet | © OpenStreetMap contributors

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1139 Market St
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