Family Dollar
EARLY LEASE RENEWAL | 6+ Yrs Remaining | 11.50% Rent Increase At Next Option
Marketing description
Family Dollar at 308 S Michigan St, Edon, OH 43518 offers investors the opportunity to acquire a freestanding, single-tenant net lease asset backed by an established national retailer. Situated on a 1.00-acre parcel, the 8,320 SF store was built in 2017 and benefits from an early 5-year lease renewal, demonstrating strong tenant commitment to this location.
The property features 6+ years of remaining lease term through September 30, 2032, with six 5-year renewal options and rent increases in each option period. The lease is structured as Double Net (NN), with the tenant responsible for taxes, CAM, and insurance, helping minimize landlord responsibilities. Positioned in the tight-knit rural community of Edon in Williams County, the asset serves a stable local customer base with limited retail competition.
Its strategic location near the Indiana border provides access to broader regional commerce, and it sits approximately 16 miles from a Family Dollar distribution center. Average household income within a 5-mile radius exceeds $93,000, further supporting the long-term viability of the site.
Investment highlights
- 8,320± SF Freestanding Single-Tenant Family Dollar | Situated on a 1.00 Acre Parcel in Edon, OH (Williams County)
- Family Dollar Just Renewed Early For Five Years Showing Commitment To Location
- 6 + Yeas Remaining | Double "NN" Net Lease Structure - Minimal Landlord Obligations
- Attractive 11.50% Rent Increase At Next Option Renewal
- The Subject Property is Located in Edon, OH - Williams County - 38 Miles From Fort Wayne, IN & 64 miles From Toledo, OH
- Average Household Income Exceeds $59,600 Within Five Mile Radius
- Strategic Location Minimal Competition & Located 16 Miles From Family Dollar Distribution Center
- Edon Is a Tightly Knit Rural Community In Williams County | Known For Its Stable Residential Base & Proximity to the Indiana border Providing Access To Broader Regional Traffic & Commerce
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