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11850 Hamilton Ave
Cincinnati, OH 45231
Retail Property For Sale


INVESTMENT HIGHLIGHTS
- Dense Demographics - 9,500+ People Reside within 1 Mile Radius of Site - 60,400+ People Reside within 3 Mile Radius of Site
- Brand New Roof Installed in 2022 at Tenant's Renewal
- High Traffic Counts - 25,100+ Vehicles Pass Site Per Day on Hamilton Ave
- Affluent Area - Average Household Income Exceeds $98,000 within 1 Mile Radius of Site
- Oversized Parcel Consisting of 4.17 Acres
- Single Tenant Freestanding Dollar General in Cincinnati, OH
EXECUTIVE SUMMARY
This single-tenant, freestanding Dollar General in Cincinnati, Ohio presents a compelling net-leased investment opportunity supported by strong site fundamentals and a nationally recognized tenant. The property benefits from exceptional visibility along Hamilton Avenue, which sees more than 25,100 vehicles per day, and is located within a dense and affluent trade area with over 9,500 residents within one mile and more than 60,400 residents within three miles, where average household incomes exceed $98,000. Cincinnati ranks as the 30th-largest MSA in the U.S., with a population of over 2.25 million across an 18-county region spanning Ohio, Kentucky, and Indiana. The tenant, Dollar General (NYSE: DG), is a Fortune 500 company ranked #112, reporting over $40 billion in FY2024 revenue with nearly 5% year-over-year growth and holding an investment-grade “BBB” credit rating from S&P. As an essential, internet-, pandemic-, and recession-resistant retailer, Dollar General provides durable cash flow, further enhanced by a brand-new roof installed in 2022 at the tenant’s renewal and an oversized 4.64-acre parcel that offers long-term operational flexibility and value.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
11,579 SF
Building Class
C
Year Built
1998
Price
$1,783,600 CAD
Price Per SF
$154.04 CAD
Cap Rate
6.47%
NOI
$115,399 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
4.64 AC
Zoning
B2
Frontage
348’ on HAMILTON AVE
PROPERTY TAXES
| Parcel Number | 590-0415-0018 | Improvements Assessment | $401,640 CAD |
| Land Assessment | $389,856 CAD | Total Assessment | $791,496 CAD |
PROPERTY TAXES
Parcel Number
590-0415-0018
Land Assessment
$389,856 CAD
Improvements Assessment
$401,640 CAD
Total Assessment
$791,496 CAD
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