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Discount

Family Dollar

1224 Girard Ave, Middletown, OH 45044

Listing Price: $979,354

Cap Rate
7.75%
Tenant Name
Family Dollar
Years Remaining On Lease
10.2
Gross SF
9,180
Guarantor
Corporate Guarantee
Rentable SF
9,180
Price/Gross SF
$106.68
Lease Type
Double Net
Rent Per Square Feet
$8.27

Investment Overview

Marcus & Millichap is pleased to present for sale Family Dollar in Middletown, Ohio.

10.5 Years Remaining on a NN+ Corporately Guaranteed Lease | Tenant Recently Committed to the Site by Extending the Lease

Lease Offers Rental Increase in January 2025

Located on Signalized Hard Corner | Built-to-Suit for Family Dollar in 2004

Two Miles From Cohen Recycling Company: Approximately 400 Employees and $630 Million in Annual Revenue in 2023

Less than Five Miles from Atrium Medical Center | Atrium Medical Center is a 260-Acre Facility and is Part of the Premier Health Network | 324 Beds, Level III Trauma Center, Primary Stroke Center and the Only Accredited Chest Pain Center in Warren County | 500 Employees | Ranked Among America’s 100 Best Hospitals by Healthgrades

Placer.ai Statistics: This Site Reports Sales | Year-Over-Year Visits Have Increased by 13.4 Percent | Ranks in the Top 74 Percent in US, Top 77 Percent in Ohio, and is the Highest-Ranking Store Within 15 Miles in Foot Traffic (#1 out of 9)

Centrally Located Between Cincinnati and Dayton, Ohio – 37 Miles From Downtown Cincinnati and 25 Miles From Downtown Dayton | Part of the Cincinnati MSA with a Population of 2.2 Million

Investment Highlights

  • 10.5 Years Remaining on a NN+ Corporately Guaranteed Lease | Tenant Recently Committed to the Site by Extending the Lease
  • Lease Offers Rental Increase in January 2025 | Located on Signalized Hard Corner | Built-to-Suit for Family Dollar in 2004
  • This Site Reports Sales | Year-Over-Year Visits Have Increased by 13.4% | Ranks in the Top 74% in US, Top 77% in Ohio, and is the Highest-Ranking Store Within 15 Miles in Foot Traffic (#1 out of 9)

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (614) 360-9800

    License(s) OH: BRK.2007005898

    Ohio

Discount

Family Dollar

Listing Price: $979,354

Cap Rate
7.75%
Tenant Name
Family Dollar
Years Remaining On Lease
10.2
Gross SF
9,180
Guarantor
Corporate Guarantee
Rentable SF
9,180
Price/Gross SF
$106.68
Lease Type
Double Net
Rent Per Square Feet
$8.27

Investment Highlights

  • 10.5 Years Remaining on a NN+ Corporately Guaranteed Lease | Tenant Recently Committed to the Site by Extending the Lease
  • Lease Offers Rental Increase in January 2025 | Located on Signalized Hard Corner | Built-to-Suit for Family Dollar in 2004
  • This Site Reports Sales | Year-Over-Year Visits Have Increased by 13.4% | Ranks in the Top 74% in US, Top 77% in Ohio, and is the Highest-Ranking Store Within 15 Miles in Foot Traffic (#1 out of 9)

Investment Overview

Marcus & Millichap is pleased to present for sale Family Dollar in Middletown, Ohio. 10.5 Years Remaining on a NN+ Corporately Guaranteed Lease | Tenant Recently Committed to the Site by Extending the Lease Lease Offers Rental Increase in January 2025 Located on Signalized Hard Corner | Built-to-Suit for Family Dollar in 2004 Two Miles From Cohen Recycling Company: Approximately 400 Employees and $630 Million in Annual Revenue in 2023 Less than Five Miles from Atrium Medical Center | Atrium Medical Center is a 260-Acre Facility and is Part of the Premier Health Network | 324 Beds, Level III Trauma Center, Primary Stroke Center and the Only Accredited Chest Pain Center in Warren County | 500 Employees | Ranked Among America’s 100 Best Hospitals by Healthgrades Placer.ai Statistics: This Site Reports Sales | Year-Over-Year Visits Have Increased by 13.4 Percent | Ranks in the Top 74 Percent in US, Top 77 Percent in Ohio, and is the Highest-Ranking Store Within 15 Miles in Foot Traffic (#1 out of 9) Centrally Located Between Cincinnati and Dayton, Ohio – 37 Miles From Downtown Cincinnati and 25 Miles From Downtown Dayton | Part of the Cincinnati MSA with a Population of 2.2 Million

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (614) 360-9800

    License(s): OH: BRK.2007005898

    Ohio

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