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6285 S Main Rd 20,717 SF 100% Leased Retail Building North Kingsville, OH 44068 $1,430,818 CAD ($69.06 CAD/SF) 7.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Dollar General & Orlando’s Supermarket value-add plaza - 100% occupied.
- Orlando’s and Dollar General did an interior remodel in 2023/2024 following a fire.
- Upside through building expansion and negotiating new option terms.
EXECUTIVE SUMMARY
Dollar General & Orlando’s Supermarket value-add plaza - 100% occupied. Upside through building expansion and negotiating new option terms. Orlando’s and Dollar General did an interior remodel in 2023/2024 following a fire. Priced below $53 per square foot No option term remaining for both tenants, ending 2032 (OS) and 2030 (DG). New roof overlay - 2024, exterior painting and building improvements in 2023. Located in Northeast Ohio – Ashtabula County – Cleveland MSA (Pop. 1.1M).Adjacent to US Bank – separate owner – zero lot line 1.4 miles from I-90 and SR 193 (S. Main St.) interchange.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Building Size
20,717 SF
Building Class
C
Year Built/Renovated
1965/2024
Price
$1,430,818 CAD
Price Per SF
$69.06 CAD
Cap Rate
7.75%
NOI
$110,888 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.07
Lot Size
6.45 AC
Zoning
C-2 - Commercial
Parking
100 Spaces (4.83 Spaces per 1,000 SF Leased)
Frontage
298’ on Ohio 193
PROPERTY TAXES
| Parcel Number | 280270008800 | Improvements Assessment | $191,576 CAD |
| Land Assessment | $64,645 CAD | Total Assessment | $256,221 CAD |
PROPERTY TAXES
Parcel Number
280270008800
Land Assessment
$64,645 CAD
Improvements Assessment
$191,576 CAD
Total Assessment
$256,221 CAD
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6285 S Main Rd
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