1915 Central Ave, Middletown, OH 45044

This exceptional investment opportunity presents a fee-simple interest in an 11,180 square foot Dollar Tree, situated on a 1.55-acre lot at 1915 Central Ave, Middletown, OH 45044. The property boasts a brand-new, 10-year triple-net (NNN) lease commencing June 13, 2024, and expiring June 30, 2034, with four 5-year renewal options. The lease includes rent bumps of $0.50 per square foot in each option period. The tenant, Dollar Tree, is a credit-rated, corporate-guaranteed entity, ensuring a stable income stream. The property's asking price is $2,236,000, representing a price per square foot of $200 and a 7.00% cap rate based on a net operating income (NOI) of $156,520. Built in 1999 and renovated in 2024, this convenience/grocery store enjoys 100% occupancy and benefits from a high-traffic location on a hard corner, signalized intersection with over 19,700 vehicles passing daily. The property is strategically located near other retailers including O'Reilly Auto Parts, AutoZone, and Dollar General, and within a densely populated area with over 84,000 residents within a five-mile radius, including proximity to Middletown High School, Middletown Middle School, and Miami University Middletown.