This exceptional investment opportunity features a 9,026 square foot Dollar General store in Pleasant Hill, Ohio, operating under a 15-year absolute NNN lease with three, 5-year options. The lease commenced August 25, 2013, and expires August 31, 2028, leaving approximately 3.8 years remaining. The property boasts a 7.50% cap rate and a strong NOI of $90,983, with a sale price of $1,213,109 ($134.40/sq ft). Rent increases by 10% during each option period. The single-story building, constructed in 2013, sits on a 1.68-acre lot (APN: I26-003305). The tenant, Dollar General, is credit-rated and provides a corporate guarantee, ensuring a secure investment. The property enjoys 100% occupancy since its opening on August 25, 2013. Located at 305 S Main St, Pleasant Hill, OH 45359, this property benefits from a strong demographic profile, including an average household income within a 5-mile radius of $100,534 and a population of approximately 193,622 within a 10-mile radius. The property is conveniently located within approximately a 30-minute drive of downtown Dayton, OH, and approximately a 24-minute drive from Dayton International Airport. Limited competition in the immediate area further enhances the investment potential. This fee-simple ownership offers a compelling opportunity for long-term, passive income generation.
Property Features for 305 Main St
General Information
Property type
Individual retail properties
Square Feet
9,026 SF
Class
A
Lot Size
73,181 SF
Building Details
Year Built
2013
Buildings
1
Stories
1
Units
1
HighLights
Absolute NNN lease; no landlord responsibilities.
3.8 years remaining lease term with three, 5‑year options; 10% rent increases per option period.
$1,213,109 asking price; 7.50% cap rate; $134.40 price per square foot.
9,026 square foot Dollar General store in Pleasant Hill, OH.
Strong demographics: ~193,622 people within a 10‑mile radius and average household income of $100,534 within a 5‑mile radius.
Convenient location: ~30‑minute drive from Downtown Dayton, OH and ~24‑minute drive from Dayton International Airport.
The property is located at 305 Main St Pleasant Hill, OH.
What is the asking price?
The asking price for this property is $1,213,109.
What are key features of this property?
This property features: Absolute NNN lease; no landlord responsibilities.; 3.8 years remaining lease term with three, 5-year options; 10% rent increases per option period.; $1,213,109 asking price; 7.50% cap rate; $134.40 price per square foot.
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305 Main St Pleasant Hill, OH 45359
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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.
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Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.
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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.
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305 Main St Pleasant Hill, OH 45359
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305 Main St, Pleasant Hill, OH
Joe Nelson
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305 Main St, Pleasant Hill, OH
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