305 Main St Pleasant Hill, OH 45359
- Retail space
- 9,120 SF
- 1.83 lot acres
Current Use by Public Records
- Retail space
Property Details for 305 Main St
- Year built
- 2013
- Lot size
- 1.83 lot acres
- Property size
- 9,120 SF
- Property type
- Retail space
- APN
- I26-003305
- APU
- I26003305
Description
This exceptional investment opportunity features a 9,026 square foot Dollar General store in Pleasant Hill, Ohio, operating under a 15-year absolute NNN lease with three, 5-year options. The lease commenced August 25, 2013, and expires August 31, 2028, leaving approximately 3.8 years remaining. The property boasts a 7.50% cap rate and a strong NOI of $90,983, with a sale price of $1,213,109 ($134.40/sq ft). Rent increases by 10% during each option period. The single-story building, constructed in 2013, sits on a 1.68-acre lot (APN: I26-003305). The tenant, Dollar General, is credit-rated and provides a corporate guarantee, ensuring a secure investment. The property enjoys 100% occupancy since its opening on August 25, 2013. Located at 305 S Main St, Pleasant Hill, OH 45359, this property benefits from a strong demographic profile, including an average household income within a 5-mile radius of $100,534 and a population of approximately 193,622 within a 10-mile radius. The property is conveniently located within approximately a 30-minute drive of downtown Dayton, OH, and approximately a 24-minute drive from Dayton International Airport. Limited competition in the immediate area further enhances the investment potential. This fee-simple ownership offers a compelling opportunity for long-term, passive income generation.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $275,000
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Location Insight
- Map
- Local Demand
- City
- Pleasant Hill
- County
- Miami
- State
- Ohio
- Longitude
- -84.3434
- Latitude
- 40.0477
- CBSA code
- 19430
- CBSA name
- DAYTON-KETTERING, OH METROPOLITAN STATISTICAL AREA
