Daphne Keesecker

3822 Springfield Xenia Road
Springfield, OH 45506

$1,179,000

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Listing Details

  • $1,179,000
  • MLS# 226004086
  • Type Commercial - Retail
  • Status Active
  • 6.120 acres
    Lot Size
  • 1997
    Year Built

Home Value Estimate


Description

This 10,860 sq ft Dollar General sits on 6.12 acres of commercial land and delivers a strong 7.45% cap rate with 6 years remaining on the initial lease term. National credit tenant, pays $87,889.08 annually on a NN lease, with four renewal options featuring 10% rent increases--providing built-in income growth and long-term stability. Backed by a proven retailer, predictable cash flow, and valuable excess land, this is a clean, reliable investment that performs well on paper and even better in practice. Landlord responsibilities are the exterior and parking lot.

Features

  • Forced Air
  • Built in 1997

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