4774 Woodville Rd, Northwood, OH 43619
- Retail properties & Spaces
- 10,566 SF
- 2.36 lot acres
Current Use by Public Records
- Retail properties & Spaces
Property Details for 4774 Woodville Rd
- Year built
- 2024
- Lot size
- 2.36 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Drug stores
Description
This exceptional investment opportunity presents a brand-new, 10,566 square-foot Dollar General store in Northwood, Ohio. Built in 2024, this single-tenant property boasts a 15-year absolute NNN lease commencing November 15, 2024, and expiring November 30, 2039, with five, 5-year renewal options. The lease includes a favorable 5% rent increase every five years, ensuring consistent growth in cash flow. The property features a strong corporate guarantee from Dollar General Corporation, a Fortune 500 company with a BBB credit rating. Located at 4774 Woodville Rd, Northwood, OH 43619, this strategically positioned property benefits from high visibility and accessibility, with over 18,300 vehicles passing daily. Major highways, including Interstate 280 and State Routes 51, 579, and 795, provide convenient access. The 2.364-acre lot is zoned commercial. The property's current NOI is $136,125, resulting in a 6.85% cap rate. The asking price is $1,987,226. With a substantial population of over 120,000 residents within a 10-mile radius and an average household income exceeding $60,000, this investment offers exceptional stability and growth potential. This is a fee-simple ownership opportunity. The property's APN is H28-712-0302-03-006.501.
Value Estimations
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Northwood
- County
- Wood
- State
- Ohio
- Longitude
- -83.4613
- Latitude
- 41.5997
