3819 Shawnee Rd Lima, OH 45806-1620

Property Details for 3819 Shawnee Rd

Year built

2007

Lot size

1.13 lot acres

Property size

9,100 SF

Property type

Retail space

APN

46-2205-03-011.001

APU

46220503011001

Description

This fee-simple retail property in Lima, Ohio, offers a compelling investment opportunity. The 9,100 square-foot storefront is leased to Dollar General, a national retailer with a BBB (S&P) investment-grade credit rating and a market capitalization exceeding $20 billion. The property, located at 3819 Shawnee Rd, benefits from a high-traffic location with approximately 14,532 vehicles per day (VPD) and proximity to I-75 (approximately 38,892 VPD). The current lease, a Net Net (NN) agreement, has a remaining term of five years with two five-year options, expiring September 30, 2029. Dollar General recently exercised an early five-year lease extension, showcasing their commitment to this location. The property sits on a 1.13-acre lot and was built in 2007. The asking price is $792,565, representing an attractive 8.50% cap rate with a current Net Operating Income (NOI) of $67,368. Lima, the largest city in Allen County, boasts a population of approximately 45,053 within a five-mile radius. This investment presents a stable, high-return opportunity anchored by a financially strong and essential retailer.

Location Insight

City

Lima

County

Allen

State

Ohio

Longitude

-84.1507

Latitude

40.6843

CBSA code

30620

CBSA name

LIMA, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments