308 Main St Amanda, OH 43102-9330
- Outlet malls
- 8,320 SF
- 0.71 lot acres
Current Use by Public Records
- Family Dollar / Clothing Store / Discount Store
- LibertyX Bitcoin ATM / Atm
Property Details for 308 Main St
- Year built
- 2017
- Lot size
- 0.71 lot acres
- Property size
- 8,320 SF
- Property type
- Outlet malls
- APN
- 003-00758.20
- APU
- 30075820
Description
This exceptional investment opportunity presents a Family Dollar store located at 308 E Main St, Amanda, OH 43102. The property boasts 8,320 square feet on a 0.71-acre lot, built in 2016. Currently operating under a corporate-guaranteed Absolute NNN lease with a remaining term of 7.4 years expiring March 31, 2032. The lease includes six 5-year renewal options, each with a 10% rent increase. The current annual net operating income (NOI) is $85,264, resulting in a 6.58% cap rate and a price per square foot of $155.65. The asking price is $1,295,000. This strategically located property benefits from its proximity to Amanda High School, further enhancing its long-term value. The tenant, Family Dollar, is a subsidiary of Dollar Tree, Inc. (Nasdaq: DLTR), a Fortune 500 company with an investment-grade rating. This presents a compelling opportunity for passive income generation with minimal landlord responsibilities. The property's location is within the Columbus MSA, approximately 25 miles from I-270 Outerbelt. The next rent increase of 10% is scheduled for April 2027. The property's APN is 0030075820. This offering is suitable for a 1031 exchange.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,125,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,155,000
- 6.5%
- $1,340,000
- 7%
- $1,335,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,230,000
- Geo Method
- $1,030,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,205,000
- Retail
- $1,285,000
- Mixed-Use
- $1,345,000
- Hospitality
- $1,235,000
- Educational
- $1,335,000
- Residential Income
- $1,145,000
- Energy
- $1,415,000
- Income-Based Land
- $1,145,000
- Food Service
- $1,355,000
Location Insight
- Map
- Local Demand
- City
- Amanda
- County
- Fairfield
- State
- Ohio
- Longitude
- -82.7386
- Latitude
- 39.6489
- CBSA code
- 18140
- CBSA name
- COLUMBUS, OH METROPOLITAN STATISTICAL AREA