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34504878
34504877

56330 National Road, Bridgeport, OH 43912 For Sale

CN
CA 02120126
Matthews
KM
CA 2067187, TN 362005
Matthews
NF
CA CA02244861
Matthews
Listed by Matthews
$1,314,176
6 days on market
Updated 6 days ago

Family Dollar

Details
Property Type Retail
Square Footage 7,600
Cap Rate 8.50%
NOI $111,705
Tenancy Single
Lease Type Absolute NNN
Lease Expiration 06/30/2029
Remaining Term 3
Lease Options Six, 5-Year Options Remaining
Year Built 2013
Acreage 0.980
Lease Commencement 10/14/2013
Ground Lease No

Absolute NNN Family Dollar — Zero Landlord Responsibilities, 8.50% Cap Rate

Investment highlights

• Corporate Tenant – The lease is signed by Family Dollar Stores of Ohio, Inc. Family Dollar operates over 7,100 locations across the country with a reported revenue of ~$13B in the last Fiscal Year.

• Absolute NNN – This is a rare absolute NNN lease for Family Dollar with zero landlord responsibilities, offering 100% passive income to a prospective purchaser.

• Passive Value-Add Investment – This asset represents an ideal play for an investor seeking high-yield, low-risk corporate income in the short term, paired with the long-term upside of inheriting a well-maintained, freestanding commercial building.

• Attractive Increase Schedule – 10% rental increases in each of the Six, 5-year options, which is beneficial to an owner as it increases their annual cash flow and helps hedge against inflation.

• Essential Retail – Family Dollar stores often serve as community “essential retail anchors” in secondary and tertiary markets where discount retail is mission-critical for local consumers.

• Recession Resistant Tenant – Discount retail historically performs well during economic uncertainty, benefitting from resilient demand as consumers seek value and affordable essentials.

• Strategic Access & High Visibility Corridor – Strategically positioned along National Road (US-40) boasting a traffic count of 13,330 Vehicles Per Day (VPD). This benefits an owner by having strong traffic moving past their property.

Listing Contacts

CN
CA 02120126
Matthews
KM
CA 2067187, TN 362005
Matthews
NF
CA CA02244861
Matthews
Listed by Matthews

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$111,705.00
$9,308.75/mo

Valuation Metrics

0
DSCR
8.5%
Cap Rate
8.5%
ROI

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Additional Information

Name
Matt Wallace
License
BRKP.2024002419, REC.2022007141 (OH)
Brokerage
Matthews Real Estate Investment Services, Inc
Brokerage Phone
(866) 889-0550
Title
Broker of Record
Brokerage Address
950 Main Ave., Suite 510, Cleveland, OH 44113
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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