120 Main St Geneva, OH 44041-1349
Property profile & analytics
120 Main St, Geneva, OH 44041-1349
- Outlet malls
- 6,888 SF
- 0.25 lot acres
Property ID
US66-1563623
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Outlet malls
Property Details for 120 Main St
- Year built
- 1990
- Construction
- METAL FRAME
- Lot size
- 0.25 lot acres
- Property type
- Outlet malls
- Property subtype
- Shopping centers
- APN
- 20-012-00-065-00
- APU
- 200120006500
Description
This exceptional investment opportunity presents a 7,012 square foot Family Dollar store located at 120 E Main Street, Geneva, OH 44041. The property boasts a strong 9.73% cap rate and a long-term lease with Family Dollar, a subsidiary of Dollar Tree, Inc. (NYSE: DLTR), a publicly traded company with a significant national presence and strong credit ratings (BBB - S&P; Baa2 - Moody's). The lease, originally commenced in May 1990, has a remaining term of approximately 3.1 years, with one 5-year option period remaining. Rent increases are fixed at approximately 3.75% during option periods, offering inflation protection. The property sits on a 0.83-acre lot and benefits from additional rent based on a percentage of gross sales exceeding $1,705,680. This strategically located property is situated on Geneva's main retail corridor, alongside other national retailers such as CVS, Ace Hardware, Domino's, U.S. Bank, and Circle K. Geneva, Ohio, is a thriving community in Northeast Ohio, just 4.5 miles from Lake Erie, serving a population of 20,000 within a 5-mile radius, with a median household income of $43,345. The asking price is $395,000, representing a price per square foot of $56.33. The property's Net Operating Income (NOI) is $38,426, reflecting a stable and attractive income stream. This is a rare opportunity to acquire a well-located, corporate-guaranteed retail property with a proven track record and significant upside potential. The property's original construction in 1990 as a build-to-suit for Family Dollar demonstrates the tenant's long-term commitment to the site.
Value Estimations
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CAP approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Geneva
- County
- Ashtabula
- State
- Ohio
- Longitude
- -80.9452
- Latitude
- 41.806
- CBSA code
- 11780
- CBSA name
- ASHTABULA, OH MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$7,091
$10,290
$70,350
$80,640
-
$29,400
$201,000
$230,400
