Investment Overview

Marcus and Millichap is pleased to exclusively offer for sale the Family Dollar located at 50 South 2nd Ave, Middleport, Ohio. The investment is being offered at $612,270 which represents a 9.25% capitalization rate. The subject property spans 9,180 square feet, originally built in 1988 and renovated in 2003. Family Dollar occupies the space under a modified gross lease with just under 6 years remaining, which includes four, five-year renewal options with rent increases in each renewal. The landlord is responsible for maintaining the roof, structure, parking lot, and covering the base year costs of insurance and taxes. Located in the heart of Middleport, Ohio, in Meigs County, this property occupies a prominent corner at South2nd Avenue and Mill Street, benefiting from a daily traffic flow of 6,751 vehicles. Nestled along the Ohio River, near the West Virginia border, the property is just 1.9 miles from Wahama Senior High School, which enrolls 402 students annually. It is also 7.2 miles from Rio Grande Community College, with an annual enrollment of 2,299 students. Family Dollar has been operating at this location for 36 years, demonstrating its commitment to the site by extending its lease in June of 2023. The store is a key destination for local residents, providing essential groceries and a variety of other products.