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Discount

Family Dollar

1230 Main St, Wellsville, OH 43968

Listing Price: $583,942

Cap Rate
6.85%
Tenant Name
Family Dollar
Years Remaining On Lease
0.6
Guarantor
Corporate Guarantee
Rentable SF
8,000
Lease Type
Double Net
Rent Per Square Feet
$5.00

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing a Family Dollar property located on 1230 Main St., Wellsville, OH 43968 The sites consists of roughly 8,000 rentable square feet of building space on an estimated 0.78-acres of land. The property is subject to a 1 year double-net (NN) lease, which commenced on February 13th 2001. The current annual rent is $40,000 and is scheduled to increase by 10% throughout its Two (2) Five (5) Year renewal options.

Investment Highlights

  • One (1) year left on a Double Net (NN) Lease with Two (2) –Five (5) Year Options to Renew –Bringing Potential Lease Term up to approximately 11 Years.
  • 10% Rental Increases during Option Periods
  • Corporate Tenant | Corporate Guaranty

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

  • Judson Kauffman

    Licensed Real Estate Salesperson

    (212) 430-5204

    Email Judson

    License(s): NY: 40KA1034273, NY: 10401296108

    Manhattan

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s) OH: BRK.2007005898

    Ohio

Financing By

Discount

Family Dollar

Listing Price: $583,942

Cap Rate
6.85%
Tenant Name
Family Dollar
Years Remaining On Lease
0.6
Guarantor
Corporate Guarantee
Rentable SF
8,000
Lease Type
Double Net
Rent Per Square Feet
$5.00

Investment Highlights

  • One (1) year left on a Double Net (NN) Lease with Two (2) –Five (5) Year Options to Renew –Bringing Potential Lease Term up to approximately 11 Years.
  • 10% Rental Increases during Option Periods
  • Corporate Tenant | Corporate Guaranty

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing a Family Dollar property located on 1230 Main St., Wellsville, OH 43968 The sites consists of roughly 8,000 rentable square feet of building space on an estimated 0.78-acres of land. The property is subject to a 1 year double-net (NN) lease, which commenced on February 13th 2001. The current annual rent is $40,000 and is scheduled to increase by 10% throughout its Two (2) Five (5) Year renewal options.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

  • Judson Kauffman

    Licensed Real Estate Salesperson

    (212) 430-5204

    Email Judson

    License(s): NY: 40KA1034273, NY: 10401296108

    Manhattan

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s): OH: BRK.2007005898

    Ohio

Financing By

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