3819 Shawnee Rd Lima, OH 45806-1620
- Retail space
- 9,100 SF
- 1.13 lot acres
Jun 15, 2025
Current Use by Public Records
- Dollar General / Variety Store / Beauty Supply Store
- FedEx OnSite / Mailing Service
- Western Union / Money Transfer Service
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lima
- County
- Allen
- State
- Ohio
- Longitude
- -84.1507
- Latitude
- 40.6843
- CBSA code
- 30620
- CBSA name
- LIMA, OH METROPOLITAN STATISTICAL AREA
