Dollar General | Olmsted Falls, OH — Sale in Olmsted Falls, OH

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Property
  • Location: Olmsted Falls, OH 44138

Photos

Dollar General | Olmsted Falls, OH — Sale in Olmsted Falls, OH, photo 1 of 4
Dollar General | Olmsted Falls, OH — Sale in Olmsted Falls, OH, photo 2 of 4
Dollar General | Olmsted Falls, OH — Sale in Olmsted Falls, OH, photo 3 of 4
Dollar General | Olmsted Falls, OH — Sale in Olmsted Falls, OH, photo 4 of 4

Investment Figures

Cap rate
6.75%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

TOP-PERFORMING UPGRADED STORE WITH A LOW RENT & PRICE POINT • The subject property is a 9,100 SF Dollar General with upgraded construction located in Olmsted Falls, OH. • This Dollar General is paying a below-market rent of $104,520, which equates to a low price point of $1,549,000. • This Dollar General is a top-performing location within the chain, ranking in the top 34% in the country and in Ohio. • Dollar General is currently refreshing the store to improve the customer experience, functionality, and overall condition, further demonstrating its commitment to the location. • This is a very healthy store due to the low rent and strong performance, which increases the likelihood of continued lease extensions through the option periods. AFFLUENT CLEVELAND SUBURB | $110,076 5-MILE AVG. HOUSEHOLD INCOME • Olmsted Falls is an affluent, stable, historic, and picturesque Cleveland suburb within the Cleveland MSA. • The average household income within a 5-mile radius is $110,076 and is projected to increase to $123,000 by 2030. • The property is conveniently positioned between employment nodes to the north and established residential communities immediately nearby and to the south. • The surrounding area continues to infill with new rooftops as major homebuilders add housing inventory and new residents. • The subject property is 18 miles southwest of Downtown Cleveland, directly off Interstate 80 (41,501 VPD). SUPERIOR DEMOGRAPHICS | 5-MILE POPULATION: 100,540 • The 5-mile population is 100,540, which is far superior to most Dollar General locations. • The 5-mile average household income is over $110,000. • The property is only 6 miles from Cleveland Hopkins International Airport, which serves over 10 million passengers annually. SIGNALIZED INTERSECTION (15,942 VPD) OFF INTERSTATE 80 (41,501 VPD) • This store is off a signalized intersection with a combined 15,942 vehicles per day and benefits from excellent access to surrounding commuting routes and Interstate 80 (41,501

Market Context

This retail in Olmsted Falls, OH is listed for sale. It is offered at an approximate 6.8% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in Olmsted Falls, OH — view the full market.

Contact the listing broker

This listing comes from the Marcus & Millichap website. CREhunt does not pass messages to the broker. Contact the broker directly.

Questions to ask the broker

This page does not show these details. The source may not publish them, or CREhunt may not have captured them.

  • What is the asking price?
  • What is the current zoning, and does it allow my intended use?
  • How many parking spaces come with the property?

Explore this market

Similar Retail Property for Sale in Ohio