980 Kilbourne St Bellevue, OH 44811
Property profile & analytics
Location Intelligence
Current Use by Public Records
- Lifestyle centers
Property Details for 980 Kilbourne St
- Year built
- 2024
- Lot size
- 2.33 lot acres
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional investment opportunity presents a fee simple interest in a brand-new, 10,640 square foot Dollar General store located at 980 Kilbourne St, Bellevue, OH 44811. The property sits on a 2.33-acre lot and boasts a 15-year absolute NNN lease with Dollar General Corporation, a financially strong tenant with over $38 billion in annual revenue. The lease, signed by Dolgen Midwest LLC, a major operating subsidiary, features built-in 5% rent bumps commencing in year six and recurring every five years thereafter, providing a hedge against inflation. The current cap rate is 6.65%, projected to increase to over 7% in year six. This is a hands-off investment
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bellevue
- County
- Sandusky
- State
- Ohio
- Longitude
- -82.8623
- Latitude
- 41.2624
