73 Old State Hwy Harveysburg, OH 45068

Property Details for 73 Old State Hwy

Year built

2024

Lot size

2.20 lot acres

Property size

10,640 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

Description

This exceptional investment opportunity presents a brand-new, 10,640-square-foot Dollar General Market in Harveysburg, Ohio. Built in 2024, this single-story building sits on a 2.2-acre lot and boasts a 15-year absolute NNN lease with a strong investment-grade tenant (S&P rating: BBB). The lease includes rare 5% rent increases every five years and three additional five-year options, ensuring consistent income growth. Landlord responsibilities are minimal; the tenant covers all insurance, taxes, and maintenance (interior and exterior, including roof, HVAC, and parking lot). This strategically located property enjoys high visibility on a main thoroughfare, just off OH-73 and three miles from Interstate 71. Its proximity to Caesar Creek Lake State Park and the Ohio Renaissance Festival grounds provides access to a large, consistent customer base. The property is the only dollar store or convenience store within a three-mile radius of these significant attractions. Strong demographics further enhance the investment potential, with over 16,900 people within a seven-mile radius and projected population growth through 2028. Household incomes within a one-mile radius exceed $102,400. The asking price is $2,219,000, representing a 6.95% cap rate and a price per square foot of $208.55. Dollar General's impressive growth trajectory, with significant new store openings and renovations in recent years, further solidifies this investment's long-term value. This is a rare opportunity to acquire a high-performing, low-maintenance retail asset with exceptional growth potential.

Location Insight

City

Harveysburg

County

Warren

State

Ohio

Longitude

-84.005

Latitude

39.5019