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120 E Main St
Geneva, OH 44041

$395,000 USD

Freestanding For Sale  •  7,012 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 7,012 SF
  • Lot Size 0.83 AC
  • Building Class B
  • Year Built 1990
  • Cap Rate 9.73 %
  • Tenancy Single
0 Transit Score
59 Walk Score

Highlights

Original Build-to-Suit For Family Dollar in 1990 Showing Their Commitment to the Site
Additional Rent: a Percentage Rent Equal to 2.5% of the Gross Sales in Excess of $1,705,680 Made By the Tenant
Corporately Guaranteed By Dollar Tree, Inc (NYSE: DLTR) Which Has 16,340+ Locations Nationwide and Has Credit Ratings of BBB (S&P) and Baa2 (Moody's)
Located on Geneva's Primary Retail Corridor With Other National Tenants in the Area Such as: CVS, Ace Hardware, Dominoes, U.S. Bank and Circle K
Situated in Northeast Ohio, Geneva is Just 4.5-Miles From Lake Erie With a Population of 20,000 Residents
The Tenant Has Fixed Increases at the Option Periods Allowing For Safe Hedge From Inflation
Cap Rate: 9.73 %

Major Tenants

Tenant SF Occupied Lease End Date
Family Dollar 7,012 SF 12/31/2027

Amenities

  • Pylon Sign
  • Signage

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 20
Type: Surface
Included in Rent: Yes
Will Beightol 512-201-1707 Sands Investment Group Austin, LLC
Will Beightol 512-201-1707 Sands Investment Group Austin, LLC