5626 Us-6 Andover, OH 44003
- Retail properties
- 146,639 SF
- 15.33 lot acres
Current Use by Public Records
- Retail properties
Property Details for 5626 Us-6
- Lot size
- 15.33 lot acres
- Property size
- 146,639 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a portfolio of eighteen Dollar General stores strategically located across Ohio and West Virginia. The portfolio boasts a total of 146,639 square feet across multiple locations, currently operating at 100% occupancy. Each property benefits from a triple net (NNN) lease structure, minimizing landlord responsibilities. The portfolio's Net Operating Income (NOI) is a substantial $963,450, yielding a compelling 7.00% capitalization rate. The asking price for this diversified portfolio is $13,763,571, translating to a price per square foot of $93.86. Lease terms are staggered, ranging from 5.8 years to month-to-month, with an average lease term of 3.9 years. Many locations include multiple option periods and rent increases every five years, ensuring long-term income stability and growth potential. The portfolio's geographic diversification across multiple counties in both states mitigates risk and offers significant upside potential. This is a rare opportunity to acquire a well-established, high-performing portfolio of essential retail properties anchored by a nationally recognized brand. The portfolio's strong fundamentals, coupled with the inherent stability of the Dollar General tenant, make this an attractive investment for discerning buyers seeking significant returns and long-term value appreciation. The properties are situated on a combined 15.33 acres of land.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Andover
- County
- Ashtabula
- State
- Ohio
- Longitude
- -80.5826
- Latitude
- 41.6069
