50 2nd Ave Middleport, OH 45760-1409

This exceptional investment opportunity presents a single-tenant, net-leased Family Dollar store located at 50 S 2nd Ave, Middleport, OH 45760. The property, totaling 9,180 square feet, boasts a strong 10.00% capitalization rate, generating a net operating income (NOI) of $56,635. Built in 1988 and renovated in 2003, the building is situated on a prominent corner with high visibility and daily traffic of 6,751 vehicles. The current lease, a modified gross lease, has approximately 5.6 years remaining, with four, five-year renewal options that include rent bumps. The landlord is responsible for roof, structure, parking lot, and base year property taxes and insurance. Family Dollar, a long-standing tenant (over three decades), recently extended its lease in June 2023. The property benefits from a strong demographic profile, with an average household income exceeding $57,130 within a 5-mile radius and over 12,200 residents in the same area. Its proximity to Wahama Senior High School (1.9 miles) and Rio Grande Community College (7.2 miles) further enhances its strategic location. The asking price is $566,350, representing a compelling price per square foot of $61.69. This is a rare opportunity to acquire a stable, high-performing retail investment with significant long-term potential. The property offers a secure investment with a proven tenant and a favorable lease structure.