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17 Mansfield Ave, Shelby, OH, 44875

Family Dollar
$1,261,334

Key Information

Cap Rate
8.25%
Year Built
2010
Term Remaining
±8.25 YRS
Type
Retail
NOI
$104,060
Leasable Area
9,180

Highlights

  • 2010 build-to-suit construction for Family Dollar
  • Tenant recently extended their lease to a new full 10-year term
  • Two, 5-Year renewal options remaining; all of which include a 10% rent increase
  • Family Dollar has successfully operated at this location for 14 years, proving their commitment to the location and market
  • ± 13,000 vehicles daily at the intersection of E Main St. & Mansfield Ave
  • 5-Mile population of ± 10,134 residents
  • 10-Mile population of ± 13,391 residents
  • Strong corporately guaranteed lease
  • Family Dollar, a major national discount retailer with more than 8,000 stores across 48 states, has been acquired for roughly $1 billion by Brigade
    Capital Management, Macellum Capital Management, and Arkhouse Management Co.
  • Family Dollar is one of the few retailers that thrived through the COVID pandemic and witnessed a sharp increase in same-store sales/profitability
  • Now operating as an independent company, Family Dollar benefits from both fresh capital and significant retail expertise. This backing is expected to
    accelerate store upgrades and drive operational improvements. With its proven value-focused model and strong presence in local communities, Family
    Dollar continues to serve as a resilient anchor tenant, positioned for sustained growth in the years ahead.

Photos

Location

Agents

Financing Agents

Broker of Record

Matt Wallace

License # REC.2022007141 (OH)
Matthews Real Estate Investment Services Inc.
1600 West End, Ste. 1500 Nashville, TN 37203