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    756 Ashland Rd Mansfield, OH 44905

    Sponsored
    For Sale
    $961,979

    High-yield retail investment, strong tenant.

    Property size:
    19,840 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a fee-simple ownership of a Dollar General store located at 756 Ashland Rd, Mansfield, OH 44905. The 19,840 square foot building, constructed in 1967 and renovated in 2013, sits on a 5.14-acre lot and features 12,525 square feet of net rentable space. Currently operating under a triple-net (NNN) lease with Dollar General (NYSE: DG), a credit-rated, publicly traded corporation, the property boasts a 9.50% cap rate and a strong NOI of $91,388. The lease, commenced April 14, 2013, has a remaining term of approximately 3.4 years, with two 5-year options at a 10% rent increase per option period. The first option was exercised in 2023, demonstrating the tenant's commitment. The property is zoned commercial and enjoys 100% occupancy. This is a single-tenant, single-story building in a prime location, serving a substantial population within a 5-mile radius (66,771 residents). The current rent is $8.16 per square foot, reflecting a healthy return on investment. This is a rare opportunity to acquire a stable, high-performing retail asset with a nationally recognized tenant.

    Property Features for 756 Ashland Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    19,840 SF
    Lot Size
    223,898 SF

    Building Details

    Year Built/Renovated
    1967/2013
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • Dollar General, a Fortune 500 company, has occupied this property for over 11 years, paying strong rent of $8.16/SF.
    • Dollar General is exercising its first option period, indicating long‑term commitment.
    • Tenant pays NNN (Net, Net, Net) expenses.
    • Strong demographics: 42,531 residents within a 3‑mile radius and 66,771 within a 5‑mile radius.
    • Nation's largest discount retailer with over 20,000 locations; 2023 system‑wide net sales increased 2.2% to $38.7 billion.
    Property Profile Location Intelligence

    Current Use by Public Records

    Western Union Money Transfer Service Dollar General Dollar Store

    Suggested Use

    Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Mansfield
    County
    Richland
    State
    Ohio
    Longitude
    -82.4870358
    Latitude
    40.7683945

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    FAQs

    What type of property is this?
    Individual retail property - High-yield retail investment, strong tenant.
    Where is this individual retail property located?
    The property is located at 756 Ashland Rd Mansfield, OH.
    What is the asking price?
    The asking price for this property is $961,979.
    What are key features of this property?
    This property features: Dollar General, a Fortune 500 company, has occupied this property for over 11 years, paying strong rent of $8.16/SF.; Dollar General is exercising its first option period, indicating long-term commitment.; Tenant pays NNN (Net, Net, Net) expenses.
    Request Owner's contact information
    756 Ashland Rd Mansfield, OH 44905
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    Mansfield, OH 44905
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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
    756 Ashland Rd Mansfield, OH 44905
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