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32224568
32224452

9030 Looney Rd, Piqua, OH 45356

PC
TX TX 574702
TREK Investment Group
CM
TX 767990
TREK Investment Group
Listed by TREK Investment Group
$749,824
31 days on market
Updated 16 days ago

Dollar General-Anchored Retail Center

Details
Property Type Retail
Sub Type Convenience Store, Storefront (+1)
Square Footage 10,595
Cap Rate 8.00%
NOI $59,986
Occupancy 85%
Tenancy Multi
Brand/Tenant Dollar General
Lease Type NNN
Rent Bumps Yes
Lease Options Four, 5-Year Options
Price per SqFt $71
Year Built 2005
Acreage 1.000
Parking Spaces 50 spaces
Parking Per SqFt 4.72
Investment Type Stabilized
Tenant Credit Credit Rated
Lease Commencement 11/01/2005
Ground Lease No

Dollar General-Anchored Retail Center | 8.00% CAP | 10,595 SF

Marketing description

TREK Investment Group is pleased to exclusively offer for sale the Dollar General-Anchored Retail Center located at 9030 Looney Rd. in Piqua. This two-tenant retail property presents investors with the opportunity to acquire a stabilized retail asset featuring national-credit tenancy alongside meaningful value-add potential through the lease-up of the remaining vacant suite.

Anchored by Dollar General, the property benefits from consistent daily-needs traffic and serves as a key retail destination for the surrounding community. The existing Dollar General lease provides stable in-place income while offering investors the ability to increase NOI and enhance long-term asset value through the repositioning and occupancy of the vacant space.

Strategically positioned within the Piqua trade area, the property serves nearby residential communities with limited competing retail inventory, creating a strong opportunity for future tenant demand. The center also offers convenient access and visibility along Looney Rd., allowing for strong exposure to local traffic and continued relevance within the surrounding rural/suburban retail corridor.

Investment highlights

  • Dollar General-Anchored Retail Center - National credit tenant Dollar General drives consistent foot traffic and serves as a daily-needs destination for the surrounding community.
  • Value-Add Opportunity - One vacant suite provides immediate lease-up potential, allowing investors to increase NOI and enhance overall asset value.
  • Stable In-Place Income - Existing lease with Dollar General offers a reliable income stream while upside remains in backfilling the vacant space.
  • Strategic Rural/Suburban Location - Positioned in the Piqua trade area, serving as a key retail hub for nearby residential communities with limited competing retail inventory.
  • Accessibility & Visibility - Convenient access from Looney Rd with strong visibility for local traffic.

Listing Contacts

PC
TX TX 574702
TREK Investment Group
CM
TX 767990
TREK Investment Group
Listed by TREK Investment Group

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$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$59,986.00
$4,998.83/mo

Valuation Metrics

0
DSCR
8%
Cap Rate
8%
ROI

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Additional Information

Name
Joe Peffer
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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