113 Defiance St West Unity, OH 43570-9581

This exceptional investment opportunity presents a brand-new, 10,500 square foot retail property located at 113 S Defiance St, West Unity, Ohio 43570. The building, constructed in 2023, is situated on a 1.35-acre lot and features 27 parking spaces. It's a single-story structure housing a Family Dollar and Dollar Tree, operating under a 10.3-year Net Lease (NN+) agreement with a corporate guarantee, commencing November 2, 2023, and expiring February 28, 2034. The current lease provides a remaining term of 9.3 years and boasts 100% occupancy. The property generates a substantial Net Operating Income (NOI) of $121,275, resulting in an attractive 7.65% capitalization rate and a price per square foot of $150.95. The asking price is $1,585,000. This strategically located property benefits from its proximity to I-90 (Ohio Turnpike), experiencing 23,940 vehicles per day, and serves a population of nearly 31,000 within a 10-mile radius, boasting an average household income of $83,067. The dual-branded tenant offers a significant advantage, demonstrating a 20% sales increase compared to single-brand stores in similar markets. The nearest traditional grocery store is located 12.5 miles away, further highlighting the property's unique market position. This property is also available as part of a larger portfolio. The property's APN is 074-080-05-006.001.