Property profile

17505 Oh-47 Sidney, OH 45365

OFF-MARKET
Retail properties & Spaces
9,100 SF 2.23 ac lot Built 2021
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Property summary

AI-generated overview

This exceptional investment opportunity presents a fee-simple ownership of a 9,100-square-foot Dollar General store in Sidney, Ohio. Built in 2021, the property boasts a 15.1-year absolute triple-net (NNN) lease with 11.5 years remaining, providing significant long-term stability. The lease includes three five-year options with a 10% rent increase per option, ensuring consistent income growth. The tenant, Dollar General, is a credit-rated, investment-grade corporation (S&P BBB rating) providing a corporate guarantee. Landlord responsibilities are minimal, as the tenant covers all operating expenses and capital expenditures. Situated on a 2.23-acre lot with prominent frontage on OH-47, the property benefits from high visibility and convenient access. The property's strong location, coupled with the robust financial performance of Dollar General, contributes to an attractive 7.0% cap rate, exceeding the trailing 12-month average for similar properties. The average household income within a one-mile radius is $112,515, aligning perfectly with Dollar General's target demographic. The property's strategic location between major Ohio and Indiana cities further enhances its investment appeal. The current net operating income (NOI) is $87,596. This is a rare opportunity to acquire a high-performing, low-maintenance retail investment with substantial long-term growth potential. The asking price is $1,251,371. The property is zoned commercial and has a Shelby County APN of 44-19-16-251-002.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2021
Total area 9,100 SF
Lot 2.23 ac (97,139 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

17505 Oh-47 Sidney, OH 45365
Sidney metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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