7992 State Route 366

Investment Highlights

Completely Remodeled in 2021 | New Dual Tenant Concept 5 Year NN Lease Requiring Minimal Landlord Responsibilities Located on Main Retail Artery Value Add Component | 5,000 Square Feet Vacant Four (5 Yr) Options | $0.50 Rental Rate Increase Investment Credit Tenant | Standard & Poor's: 'BBB'

Executive Summary

Fortis Net Lease is pleased to present this 15,700 SF Value Add Strip Center featuring Dollar Tree and Family Dollar as the Anchor Tenant. The property is located in Russells Point, Ohio. The property is encumbered with a ?ve (5) year double net lease, leaving minimal landlord responsibilities. The lease contains Four (5) year options to renew, each with $0.50 PSF rent increase. The lease is corporately guaranteed by Dollar Tree Corporation which holds a credit rating of ?BBB? which is classi?ed as investment grade.This Store is highly visible as it is strategically positioned off of Route 366. The building is located on a main artery leading into downtown Russells Point. The ?ve-mile population is nearly 12,000 with the three-mile average household income of nearly$67,000. These are above-average demographics for a Dollar Store.This investment will offer a new owner success due to the ?nancial strength and the proven pro?tability of the tenant, one of the nation?s top dollar stores. The List price is$989,000 which is priced well below replacement cost at $62.99 P/ft.

• Sale Type    Investment NNN
• Sale Condition    Build to Suit
• Property Type    Retail
• Property Subtype    Retail
• Building Size    15,700
• Building Class    B
• Year Built/Renovated    2019/2020
• Price    989,000
• Price Per SF    63
• Cap Rate    7.56
• NOI    74,730
• Percent Leased    100
• Tenancy    Multiple
• Building Height    1 Story
• Building FAR    0.36
• Land Acres    1.00 AC