List Search

723 S Main St
Columbus Grove, OH 45830

$1,264,286 USD

Convenience Store For Sale  •  9,230 SF

Property Details

  • Property Type Convenience Store
  • Total Building Size 9,230 SF
  • Lot Size 1 AC
  • Building Class B
  • Year Built 2016
  • Cap Rate 7.00 %
  • Tenancy Single
  • Zoning C
20 Walk Score

Highlights

Investment-Grade Tenancy – The lease features a direct corporate guaranty from Dollar General Corporation, delivering elite credit stability
Absolute NNN Lease Structure – Operating under an Absolute NNN lease structure, the tenant handles all real estate taxes, property insurance
Established Build-to-Suit Asset – Developed as a corporate build-to-suit in 2016, the ±9,230 SF building sits on ±1.17 acres of land
Compounding Yield Upside – The contract includes four (4) automatic 5-year renewal options. Each successive option triggers a 10% rent hike
Affluent Submarket & High Consumer Spending – The property capitalizes on a high-earning small-town demographic
Cap Rate: 7.00 %

Major Tenants

Tenant SF Occupied Lease End Date
Dollar General
Daniel Gonzalez 305-395-6972 Matthews Real Estate Investment Services
Daniel Gonzalez 305-395-6972 Matthews Real Estate Investment Services