1139 W Market St Warren, OH 44483

Property Details for 1139 W Market St

Year built

1919

Lot size

0.19 lot acres

Property size

1,238 SF

Property type

Retail space

APN

39-390064

APU

39390064

Description

Exceptional investment opportunity: Fee simple ownership of a single-story, 0.7-acre retail property in Warren, Ohio, featuring a Family Dollar store. Built in 2012, this property boasts a 10-year net lease with a credit-rated, corporate-guaranteed tenant. The lease commenced June 21, 2012, and expires January 31, 2034, with 9.4 years remaining. Four 5-year lease options are included, with a significant 23% rent increase in the first option and 10% increases in subsequent options. The property generates a strong NOI of $100,000, resulting in an 8% cap rate. This location is a top performer, ranking in the top 6% of all Family Dollar stores nationwide. The property benefits from high traffic counts, approximately 13,751 vehicles daily at the intersection, and a strong demographic base with approximately 40,537 residents within 3 miles and 70,492 within 5 miles. Dollar Tree, the parent company of Family Dollar, is a major discount retailer with over 16,000 locations, demonstrating the tenant's financial strength and stability. This is a rare opportunity to acquire a high-performing, well-located retail property with a long-term lease and significant upside potential. Asking price: $1,250,000.