Property Listing No Longer Available for Sale

6893 SR 73, Otway, OH

Retail for Sale - $1,059,000 - 8,000 Sq. Ft. on 1 acres


Property Info

CIMLS#849420
Location
  6893 SR 73
  Otway OH 45657
UpdatedJune 23rd, 2016
TypeRetail
Price$1,059,000
Building8,000 Sq. Ft.
Land1 acres

Property Description

Sperry Van Ness is pleased to present this NN leased Family Dollar built in 2011 with lease term through September 30, 2021. The 7.6% cap rate increases to 8.0% with a 5% rent increase on August 1, 2016.

Location Description:

Otway is a village located 80 miles east of Cincinnati in Scioto County. Strong store sales confirm the value driven business model by Family Dollar of locating in less populous areas. Family Dollar serves as the primary source of discount food and household items for the community resulting in strong store sales.

Highlights:

>> 2011 construction

>> NN lease through 9/30/2021

>> 7.6% cap rate

>> 8.0% cap with 5% rent incr. 8/1/2016


Financials

Sales Info:

>> Commision split: 4.0%