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    227 Front St Oak Hill, OH 45656

    For Sale
    $1,652,000

    Family Dollar/Dollar Tree NNN Lease

    Property size:
    10,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional investment opportunity presents a brand-new, 10,500 square foot Family Dollar/Dollar Tree combo store in Oak Hill, Ohio. Located on high-traffic Front Street, this property boasts a 10-year absolute NNN lease commencing December 3, 2023, and expiring February 28, 2034, with four, five-year renewal options featuring $0.50 per square foot rent increases. The lease is backed by a corporate guarantee from the investment-grade tenant, Family Dollar Stores, LLC (DLTR), providing significant financial security. The property, built in 2023, sits on a 1.44-acre lot and generates a strong net operating income (NOI) of $123,900, resulting in an attractive 7.50% cap rate. Landlord responsibilities are limited to roof, structure, and parking areas. The strategic location near other national retailers ensures high visibility and consistent customer traffic. This is a rare opportunity to acquire a high-performing, low-maintenance retail investment with a proven track record of success, offering a compelling combination of strong tenant, long-term lease, and excellent location. The asking price is $1,652,000, translating to $157.33 per square foot. This dual-branded store benefits from the combined strengths of both Family Dollar and Dollar Tree, reporting 20% higher same-store sales than standalone Family Dollar locations. The property's 100% occupancy further solidifies its value as a stable and reliable investment.

    Property Features for 227 Front St

    General Information

    Property type
    Individual retail properties
    Square Feet
    10,500 SF
    Lot Size
    62,726 SF

    Building Details

    Year Built
    2023
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • Family Dollar/Dollar Tree combo store; 20% higher same‑store sales than standalone Family Dollar locations.
    • New 10‑year absolute NNN lease with four, five‑year renewal options at $0.50/SF increases; rent commences December 2023.
    • Double Net (NN) lease; landlord responsible for roof, structure, and parking lot.
    • Investment‑grade corporate guarantee from Family Dollar Stores, LLC (DLTR, S&P BBB rating).
    • Excellent Oak Hill, OH location on Front Street, near other national retailers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Pharmacy Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Oak Hill
    County
    Jackson
    State
    Ohio
    Longitude
    -82.5738462
    Latitude
    38.8938657

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    FAQs

    What type of property is this?
    Individual retail property - Family Dollar/Dollar Tree NNN Lease
    Where is this individual retail property located?
    The property is located at 227 Front St Oak Hill, OH.
    What is the asking price?
    The asking price for this property is $1,652,000.
    What are key features of this property?
    This property features: Family Dollar/Dollar Tree combo store; 20% higher same-store sales than standalone Family Dollar locations.; New 10-year absolute NNN lease with four, five-year renewal options at $0.50/SF increases; rent commences December 2023.; Double Net (NN) lease; landlord responsible for roof, structure, and parking lot.
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    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
    227 Front St Oak Hill, OH 45656
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