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32321085
32321086

137 West Main Street, Hebron, OH 43025 For Sale

DP
OH SAL.2012000748
Marcus & Millichap | The Patel Yozwiak Group
DY
OH SAL.2008003600
Marcus & Millichap | The Patel Yozwiak Group
Listed by Marcus & Millichap | The Patel Yozwiak Group
$1,321,000
73 days on market
Updated 73 days ago

137 West Main Street

Details
Property Type Retail
Sub Type Convenience Store, Storefront
Square Footage 9,100
Cap Rate 7.5%
NOI $99,054
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Rent Bumps Yes
Lease Options Three, 5-Year Options
Year Built 2016
Acreage 0.990
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No

2016 Construction | NNN Lease | Columbus, OH MSA

Investment highlights

DOLLAR GENERAL LOCATION: 2016 Build to Suit for Dollar General. 9,100-SF on a 0.99 acre lot.

NNN LEASE: 5.5 years remaining on the original NNN lease with Three, 5-year renewal options and 10% rental increases in each option. No landlord responsibilities.

CORPORATE GUARANTEE: Lease is corporately guaranteed by Dollar General.

FEE SIMPLE OWNERSHIP: Provides the buyer with the highest form of real estate ownership and absolute control over the asset.

HIGH VISIBILITY LOCATION: Located along W Main St/I-70 ALT in downtown Hebron, 2 miles from I-70 and Buckeye Lake. 30 miles from downtown Columbus.

PROXIMITY TO MAJOR $28B DEVELOPMENT: 20 minutes from Intel’s Ohio One Campus, a major $28 billion chip manufacturing plant currently under construction.

STRONG DEMOGRAPHICS: The population exceeds 209,300 within 15-miles of the property and is projected to increase by 2030

Listing Contacts

DP
OH SAL.2012000748
Marcus & Millichap | The Patel Yozwiak Group
DY
OH SAL.2008003600
Marcus & Millichap | The Patel Yozwiak Group
Listed by Marcus & Millichap | The Patel Yozwiak Group

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$99,054.00
$8,254.50/mo

Valuation Metrics

0
DSCR
7.5%
Cap Rate
7.5%
ROI

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Property History

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Additional Information

Name
Michael Glass
License
Lic. # BRK.2007005898
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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