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Property profile & analytics

330 Co Rd South Point, OH 45680

  • Retail properties
  • 20,664 SF
  • 2.15 lot acres
OFF-MARKET
Value Estimations
Cap Rate Potential
Location Intelligence

Current Use by Public Records

  • Retail properties

Property Details for 330 Co Rd

Year built
2023
Lot size
2.15 lot acres
Property size
20,664 SF
Property type
Retail properties
Property subtype
Grocery and convenience stores

Description

This exceptional investment opportunity presents a brand-new, 20,664 square-foot ALDI grocery store situated on a 2.15-acre lot in South Point, Ohio. The property boasts a 20-year absolute NNN ground lease, commencing November 16, 2023, and expiring November 30, 2043, with six 5-year renewal options, each including rent bumps. The building, constructed in 2023, is a single-story structure with 100% occupancy and a current NOI of $115,000, representing a 5.00% cap rate and an asking price of $2,300,000. The property enjoys a prime location at the signalized intersection of County Road 276 and US Highway 52, a major commercial corridor with high traffic counts exceeding 32,300 vehicles daily. Its strategic placement offers excellent visibility and accessibility, benefiting from proximity to other national retailers and restaurants, including a Walmart Supercenter and Sam's Club, as well as major roadways like US Highway 60 and Interstate 64. The strong tenant, ALDI, provides a corporate guarantee and minimal landlord responsibilities. The surrounding area boasts a robust demographic profile, with over 20,200 people within a 3-mile radius and an average household income exceeding $80,000. This presents a compelling investment opportunity with a long-term, secure lease and significant upside potential. The property is part of a larger commercial development, further enhancing its value and long-term prospects.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

  • CAP approach

  • Comparable approach

  • Alternative Use


Location Insight

  • Map
  • Local Demand
City
South Point
County
Lawrence
State
Ohio
Longitude
-82.511
Latitude
38.4164
More about this property
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