1230 Main StWellsville, OH 43968

Property Details for 1230 Main St

Year built

2000

Lot size

0.78 AC

Property size (Sq ft)

7,848 SF

Property type

Retail properties

Property subtype

Retail space

APN

84-03561-000

APU

8403561000

Description

This exceptional investment opportunity features a Family Dollar convenience store located at 1230 Main St, Wellsville, OH 43968. The property boasts 8,000 square feet on a 0.78-acre lot and is currently operating at 100% occupancy. The property is a single-tenant, net lease (NN) investment with a corporate guarantee, offering significant security. The lease commenced October 28, 1999, and expires December 31, 2027, leaving approximately 3.1 years remaining. The current annual net operating income (NOI) is $44,000, resulting in a compelling 9.00% capitalization rate. Built in 2000, this well-maintained property benefits from a strong tenant in a stable location. The lease includes scheduled rent increases, providing for future income growth. This is an ideal addition to any diversified real estate portfolio seeking strong returns and low risk. The property is situated in Columbiana County, Ohio.

• CAP approach

  CAP return

  Valuation

  6%

  $2,193,990

  6.5%

  $2,025,221

  7%

  $1,880,563

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,849,937

  Geo Method

  $1,849,937

• Alternative Use

  Use

  Valuation

  Residential

  $1,708,350

  Hospitality

  $1,564,840

  Educational

  $1,301,928

  Medical

  $1,346,703

  Retail

  $2,025,221

Location Insight

City

Wellsville

County

Columbiana

State

Ohio

Latitude

40.6

Longitude

-80.6531

CBSA code

41400

CBSA name

SALEM, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@realmo.com and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.