1558 Orch Park Rd Lexington, OH 44904-1321

This exceptional investment opportunity features a 9,014 square foot Dollar General store located at 1558 Orchard Park Rd, Lexington, OH 44904. Built in 2005 on a 1.11-acre lot (plus an available 0.81-acre parcel), this property boasts a strong 8.00% cap rate and a substantial net operating income (NOI) of $68,520. The property is subject to a triple-net (NNN) lease with a credit-rated corporate guarantor, ensuring consistent cash flow. The current lease, commencing February 1, 2006, and expiring January 31, 2031, has a remaining term of approximately 6.2 years, with three 5-year renewal options, each with a +/- 5% rent adjustment. The asking price is $856,500, translating to $95.02 per square foot. The property benefits from its location as the only dollar store in Lexington, serving a population of 32,490 with an average household income of $70,000 within a 5-mile radius. Surrounding national retailers include YMCA, NAPA Auto Parts, Subway, Rite Aid, and American Freight Furniture & Mattress. The additional 0.81-acre parcel is available for an additional $54,999, offering potential for expansion or added value. This property presents a compelling investment opportunity, particularly attractive for 1031 exchange investors seeking minimal landlord responsibilities and a strong return. The property's strong sales history and tenant commitment to a 10-year lease extension further solidify its value.