|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
 |
| Name: |
Family Dollar - St. Paris |
| Address: |
701 East Main St. |
| City: |
St. Paris |
| State: |
OH |
| Price: |
$727272 |
| Price/Sq ft : |
$90/square foot |
| Cap: |
8.25% |
| Description: |
|
Marcus & Millichap is pleased to offer for sale this free-standing Family Dollar in St. Paris, Ohio. This property was built in 2006 and offers an investor eight more years of its initial ten year term with five five-year options to follow. Family Dollar is responsible for all expenses involved with the property other than the roof and structure. There are 10% increases in the rent at the beginning of each option, and there is a clause for the payment of percentage rent if the store sales reach a certain point. While Family Dollar has not paid the percentage rent, this clause allows an investor to monitor the sales in the store and the health of the location.
St. Paris sits in central Ohio, midway between Piqua and Urbana in Champaign County. The local population depends on this store for basic necessities, as it is the only shopping available besides the Dollar General a few blocks away. This site is closer to the population center than the Dollar General, making it more convenient and seen by more traffic daily. The community has experienced strong growth in the median income, increasing 20.55% since 2000, with another 10% growth expected over the next five years. |
Write an Offer Today! |
|
| Click image below for full-size: |
 |
|
|
|
|
|
|
|
|
|
|
|
| The representations contained on this internet page are provided based on information deemed reliable. However, the same has not been independently verified. Principals are advised to conduct a thorough due diligence for any potential transaction. Marcus & Millichap Real Estate Investment Brokerage Company's name and logo are used herein for information purposes only. |
|
|
|
Home | Available Property | List Your Property | Recent Sales | About Us |
|
|
© 2006 Dumes Falk Group | All Worldwide Rights Reserved |
|
