17 Mansfield Ave Shelby, OH 44875
- Retail properties
- 9,180 SF
- 1.95 lot acres
Current Use by Public Records
- Retail properties
Property Details for 17 Mansfield Ave
- Year built
- 2010
- Lot size
- 1.95 lot acres
- Property size
- 9,180 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a fee-simple ownership of a 9,180-square-foot retail property located at 17 Mansfield Ave, Shelby, OH 44875. The property, built in 2010, sits on a 1.95-acre lot and boasts a 100% occupancy rate with a strong, credit-rated corporate guarantee from Dollar Tree, a subsidiary of Dollar General. The current tenant, Family Dollar, enjoys a net lease (NN+) with a remaining lease term of approximately 9.4 years, extending to January 31, 2034. The lease includes two five-year renewal options, each with a 10% rent increase. The property generates a substantial net operating income (NOI) of $104,060, resulting in an attractive 8.00% cap rate. This prime location benefits from high daily traffic volume, approximately 13,000 vehicles daily, at the intersection of E Main St. and Mansfield Ave, serving a population of approximately 10,134 residents within a five-mile radius. Dollar Tree's strong financial standing, as the second-largest discount retailer in the US with over 16,000 locations, further solidifies this investment's stability and potential for long-term growth. The asking price for this single-story building is $1,300,750. This is a rare opportunity to acquire a well-performing, triple-net leased retail property with a proven track record and significant upside potential.
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
- Shelby
- County
- Richland
- State
- Ohio
- Longitude
- -82.6556
- Latitude
- 40.8803
