Log In/Sign Up
Your email has been sent.
Dollar Tree 230 S Main St 11,300 SF Retail Building Bellefontaine, OH 43311 $2,065,650 CAD ($182.80 CAD/SF) 8.20% Cap Rate
Investment Highlights
- Single-tenant investment property leased to Dollar Tree Stores Inc.
- Long-term lease in place with renewal options and rent bumps.
- Positioned within Bellefontaine’s commercial corridor close to regional highways.
- Located on a signalized corner with convenient ingress and egress.
- 11,300 SF of building area on a 1.20-acre parcel with ample parking.
- Landlord responsibilities limited primarily to structural roof maintenance.
Executive Summary
This single-tenant retail investment property, located at 230 S Main Street in Bellefontaine, OH, offers an attractive opportunity for investors seeking stable, long-term income. Currently occupied by Dollar Tree with a lease commencing May 2025 and expiring in September 2030, the property provides strong occupancy security. The tenant, Dollar Tree Stores Inc., is responsible for HVAC and utilities, while the landlord handles roof integrity. Situated on a 1.20-acre signalized corner lot, the property features 11,300 SF of gross building area and a parking ratio of 4.78 per 1,000 SF, meeting retail parking standards.
Bellefontaine serves as a county seat and regional hub with significant redevelopment investment in recent years. Located along S Main Street within a central business district corridor, the property benefits from steady traffic volumes and accessibility. With zoning designated as commercial and a strategic position near U.S. Route 68 and State Route 33, the site offers connectivity to surrounding residential and retail areas. Four five-year renewal options with rent escalations provide additional growth potential, making this an appealing low-risk asset for investors seeking value with a national credit tenant.
Unlike many net retail investments that (for example) might be worth $3,000,000 based on income, but only $1,500,000 if vacant, we had at least 4 offers in the $1,500,000 range on this property before being leased to Dollar Tree. Copies of the offers are available on request.
Bellefontaine serves as a county seat and regional hub with significant redevelopment investment in recent years. Located along S Main Street within a central business district corridor, the property benefits from steady traffic volumes and accessibility. With zoning designated as commercial and a strategic position near U.S. Route 68 and State Route 33, the site offers connectivity to surrounding residential and retail areas. Four five-year renewal options with rent escalations provide additional growth potential, making this an appealing low-risk asset for investors seeking value with a national credit tenant.
Unlike many net retail investments that (for example) might be worth $3,000,000 based on income, but only $1,500,000 if vacant, we had at least 4 offers in the $1,500,000 range on this property before being leased to Dollar Tree. Copies of the offers are available on request.
Data Room Click Here to Access
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$169,306
|
$14.98
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$169,306
|
$14.98
|
| Net Operating Income |
-
|
-
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $169,306 |
| Annual Per SF | $14.98 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $169,306 |
| Annual Per SF | $14.98 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
11,300 SF
Building Class
C
Year Built
1997
Price
$2,065,650 CAD
Price Per SF
$182.80 CAD
Cap Rate
8.20%
NOI
$169,306 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
1.11 AC
Opportunity Zone
Yes
Zoning
Commercial - Allows for a variety of commercial activities, such as retail stores, offices, restaurants, etc. Possible Opportunity Zone designation.
Parking
54 Spaces (4.78 Spaces per 1,000 SF Leased)
Frontage
220’ on South Main St.
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
Dollar Tree began in 1986 as Only $1.00, building on a Norfolk variety-store heritage that later helped shape the business. The company focuses on discount variety retail, selling consumable, seasonal, and general merchandise such as housewares, food, health and beauty products, toys, party supplies, stationery, and crafts. After the Family Dollar sale, Dollar Tree operates as a focused North American value retailer with a large store network, a national logistics system, and an expanding multi-price assortment and online ordering options.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - |
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 17-091-16-02-013-000 | Improvements Assessment | $299,698 CAD (2025) |
| Land Assessment | $186,542 CAD (2025) | Total Assessment | $486,240 CAD (2025) |
Property Taxes
Parcel Number
17-091-16-02-013-000
Land Assessment
$186,542 CAD (2025)
Improvements Assessment
$299,698 CAD (2025)
Total Assessment
$486,240 CAD (2025)
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Dollar Tree | 230 S Main St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.