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305 Main St Pleasant Hill, OH 45359

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Ohio Retail Property - Strong Returns

Property size:
9,026 SF

Property Features for 305 Main St

General Information

Property type
Retail space
Square Feet
9,026 SF
Class
A
Lot Size
73,181 SF

Building Details

Year Built
2013
Buildings
1
Stories
1
Units
1

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Listing Contact
Joe Nelson
Joe Nelson

Listing Agency: Matthews Real Estate Investment Services Listing Agent: Joe Nelson

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

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 Profile Insight Report Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Real Estate Agency Spa & Massage Center Auto Repair Shop Hair Salon Nail Salon Pharmacy Auto Parts Store Hotel & Motel Kitchen & Bath Showroom Grocery & Convenience Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Pleasant Hill
County
Miami
State
Ohio
Longitude
-84.3432269
Latitude
40.0478232

FAQs

What type of property is this?
Retail space - Ohio Retail Property - Strong Returns
Where is this retail space located?
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.
(818) 497-8411 Call to check price and availability
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