1207 Limestone St Springfield, OH 45503-3325

This exceptional investment opportunity presents a freestanding Family Dollar store in Springfield, Ohio. Located at 1207 N Limestone St, this 0.64-acre property boasts a strong 25-year operating history with the tenant occupying the site since June 1999. The current lease, a Net Lease (NN) agreement, features a remaining term of 8.8 years, extending to June 30, 2033, with two 5-year options, each including a 10% rent increase. The property features upgraded brick construction and benefits from a high-traffic location, exceeding 21,000 vehicles per day. The strong tenant, Dollar Tree (which acquired Family Dollar in 2015), holds an investment-grade credit rating of BBB- and offers a corporate guarantee. The property generates a substantial Net Operating Income (NOI) of $71,205, representing an attractive 8.15% cap rate and a healthy rent-to-sales ratio of 5.18%. The 5-mile population is 84,545, and the 10-mile population is 115,453, indicating a robust market. This is a rare opportunity to acquire a well-located, credit-rated, net-leased retail property with significant remaining lease term and strong growth potential. The property was built in 1999 and enjoys 100% occupancy.