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Dollar General 12616 Chillicothe Rd 9,002 SF Retail Building Chesterland, OH 44026 $1,886,710 CAD ($209.59 CAD/SF) 7.50% Cap Rate
Investment Highlights
- NNN lease with corporate guaranty and 5+ years of term remaining
- Located adjacent to West Geauga Plaza in the heart of Chesterland's commercial district
- 9,002 SF freestanding building on 3.55 AC parcel
Executive Summary
This offering presents a single-tenant Dollar General investment located at 12616 Chillicothe Road in Chesterland, Ohio. The ±9,002-square-foot freestanding building sits on 3.55 acres and is secured by an absolute NNN lease with five years remaining and four five-year renewal options. Built in 2016, the property is adjacent to West Geauga Plaza, a Giant Eagle–anchored center, providing strong visibility, consistent traffic, and stable in-place income. The investment offers no landlord responsibilities and rent increases included.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,002 SF
Building Class
B
Year Built
2016
Price
$1,886,710 CAD
Price Per SF
$209.59 CAD
Cap Rate
7.50%
NOI
$141,500 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
3.55 AC
Parking
35 Spaces (3.88 Spaces per 1,000 SF Leased)
Frontage
281’ on Chillicothe Rd
Amenities
- Pylon Sign
- Signage
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 11-338000 | Improvements Assessment | $321,412 CAD |
| Land Assessment | $138,992 CAD | Total Assessment | $460,403 CAD |
Property Taxes
Parcel Number
11-338000
Land Assessment
$138,992 CAD
Improvements Assessment
$321,412 CAD
Total Assessment
$460,403 CAD
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Dollar General | 12616 Chillicothe Rd
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