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11127 N Shore Dr
Hillsboro, OH 45133
Dollar General · Retail Property For Sale

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Investment Highlights

  • $587,368 purchase price ($65.19 PSF), well below replacement cost
  • Dollar General (NYSE: DG) with 20,000+ locations nationwide
  • NNN lease (landlord responsible for roof and structure)
  • 20-year operating history with ~$1.9M in annual sales (Placer.ai)
  • Corporate guarantee from a publicly traded retailer
  • Lease in place through June 30, 2028; 5×5-year options through 2053

Executive Summary

Hillsboro is a county seat community located in south-central Ohio, approximately 50 miles east of Cincinnati and 45 miles southwest of Columbus. The city serves as the primary commercial, governmental, and service hub for Highland County, drawing residents from surrounding rural townships for daily-needs retail, healthcare, and public services. Hillsboro benefits from regional connectivity via U.S. Route 62 and State Routes 73 and 124, providing access to nearby employment centers while maintaining a
stable, small-town residential base.
Retail demand in Hillsboro is driven primarily by necessity-based consumption serving both local residents and the broader rural trade area. As the dominant retail node in the county, the city captures consistent traffic for essential goods, discount retail, and service-oriented uses that are less discretionary in nature. Limited competing retail corridors and modest new construction activity reinforce Hillsboro’s role as a centralized destination for everyday
shopping needs.
From an investment perspective, Hillsboro exhibits many of the characteristics sought in durable rural and small-market retail locations. The surrounding housing stock is predominantly owner-occupied single-family homes, supporting predictable consumer spending patterns, while employment is anchored by healthcare, education, government services, agriculture, and light manufacturing. These fundamentals support sustained demand for essential retailers such as Dollar General, positioning Hillsboro as a stable, low-volatility retail market with defensive cash flow characteristics well suited for long-term net lease investment.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,014 SF
Building Class
B
Year Built
2005
Price
$803,983 CAD
Price Per SF
$89.19 CAD
Cap Rate
9.50%
NOI
$76,378 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
0.82 AC
Parking
36 Spaces (3.99 Spaces per 1,000 SF Leased)
Frontage
579’ on North Shore Drive

Property Taxes

Property Taxes

Parcel Number
33-16-000-301.01
Land Assessment
$9,532 CAD
Improvements Assessment
$289,365 CAD
Total Assessment
$298,898 CAD
  • Listing ID: 39159290

  • Date on Market: 2026-01-21

  • Last Updated:

  • Address: 11127 N Shore Dr, Hillsboro, OH 45133

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