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Shopping Community

Dollar General & Orlando's Market

6285 S Main St, North Kingsville, OH 44068

Listing Price: $1,096,000

Cap Rate
7.25%
Gross SF
34,217
Rentable SF
20,717
Price/Gross SF
$32.03
Lot Size
6.45 acres
Year Built
1971

Investment Overview

Marcus & Millichap is pleased to present for sale this 20,717 SF plaza in North Kingsville, Ohio (Cleveland MSA) that is is 100 percent leased, occupied by two tenants: Orlando's Market (opened 1984) and Dollar General (opened 1999). Both leases are triple net. Value-add plaza with 13,500 SF pad site following a fire in 2023. The interior and exterior remodel was just completed.

Investment Highlights

  • Dollar General & Orlando's Supermarket Value-Add Plaza (100 Percent Occupied)
  • Upside through Building Expansion and Negotiating New Option Terms
  • Plaza Operating History: Orlando's - 41 Years and Dollar General – 25 Years
  • No Option Term Remaining for Both Tenants, Ending 2032 (OS) and 2030 (DG)
  • Located in Northeast Ohio – Ashtabula County – Cleveland MSA (Pop. 1.1M)
  • New Roof Overlay -2024, Exterior Painting and Building Improvements in 2023

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Executive Managing Director / Chief Revenue Officer

    (614) 360-9800

    License(s) OH: BRK.2007005898

    Ohio

Financing By

Shopping Community

Dollar General & Orlando's Market

Listing Price: $1,096,000

Cap Rate
7.25%
Gross SF
34,217
Rentable SF
20,717
Price/Gross SF
$32.03
Lot Size
6.45 acres
Year Built
1971

Investment Highlights

  • Dollar General & Orlando's Supermarket Value-Add Plaza (100 Percent Occupied)
  • Upside through Building Expansion and Negotiating New Option Terms
  • Plaza Operating History: Orlando's - 41 Years and Dollar General – 25 Years
  • No Option Term Remaining for Both Tenants, Ending 2032 (OS) and 2030 (DG)
  • Located in Northeast Ohio – Ashtabula County – Cleveland MSA (Pop. 1.1M)
  • New Roof Overlay -2024, Exterior Painting and Building Improvements in 2023

Investment Overview

Marcus & Millichap is pleased to present for sale this 20,717 SF plaza in North Kingsville, Ohio (Cleveland MSA) that is is 100 percent leased, occupied by two tenants: Orlando's Market (opened 1984) and Dollar General (opened 1999). Both leases are triple net. Value-add plaza with 13,500 SF pad site following a fire in 2023. The interior and exterior remodel was just completed.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Executive Managing Director / Chief Revenue Officer

    (614) 360-9800

    License(s): OH: BRK.2007005898

    Ohio

Financing By

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