227 Front St Oak Hill, OH 45656
- Retail properties
- 10,500 SF
- 1.44 lot acres
Current Use by Public Records
- Retail properties
Property Details for 227 Front St
- Year built
- 2023
- Lot size
- 1.44 lot acres
- Property size
- 10,500 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a brand-new, 10,500 square foot Family Dollar/Dollar Tree combo store in Oak Hill, Ohio. Located on high-traffic Front Street, this property boasts a 10-year absolute NNN lease commencing December 3, 2023, and expiring February 28, 2034, with four, five-year renewal options featuring $0.50 per square foot rent increases. The lease is backed by a corporate guarantee from the investment-grade tenant, Family Dollar Stores, LLC (DLTR), providing significant financial security. The property, built in 2023, sits on a 1.44-acre lot and generates a strong net operating income (NOI) of $123,900, resulting in an attractive 7.50% cap rate. Landlord responsibilities are limited to roof, structure, and parking areas. The strategic location near other national retailers ensures high visibility and consistent customer traffic. This is a rare opportunity to acquire a high-performing, low-maintenance retail investment with a proven track record of success, offering a compelling combination of strong tenant, long-term lease, and excellent location. The asking price is $1,652,000, translating to $157.33 per square foot. This dual-branded store benefits from the combined strengths of both Family Dollar and Dollar Tree, reporting 20% higher same-store sales than standalone Family Dollar locations. The property's 100% occupancy further solidifies its value as a stable and reliable investment.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Oak Hill
- County
- Jackson
- State
- Ohio
- Longitude
- -82.5738
- Latitude
- 38.8939
