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3633 S Dixie Hwy

9,014 SF Retail Building Middletown, OH 45005 £782,905 (£87/SF) 7.25% Net Initial Yield

Investment Highlights

  • Dollar General has been operating at this location since 2005, and has extended their lease multiple times proving the concept and need for its goods
  • Dollar General continues to prove it’s resiliency, both in booming and economic downturns, including the COVID 19 pandemic.
  • This impressive $31 Billion company has also reported same store sales growth for 31 consecutive years through 2020, and again in 2022 and 2023
  • Currently there is a fresh 4.5 years of term remaining with 2 additional 5 year renewals and rental increases.
  • This “Essential” discount retailer boasts an investment grade credit rating of BBB (S&P) with now over 20,000 locations and plans to continue growing
  • This densely located (near 100,000 in a 5 mile radius) site is just off of I-75, the North/South artery between Cincinnati and Dayton, OH

Executive Summary

Broker of Record
Kyle Matthews
License No. REC.2022007141 (OH)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
950 Main Ave.,
Suite 510, Cleveland, OH 44113

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,014 SF
Building Class
B
Year Built
2006
Price
£782,905
Price Per SF
£87
Net Initial Yield
7.25%
NOI
£56,761
Tenancy
Single
Number of Floors
1
Building FAR
0.11
Land Acres
1.83 AC
Zoning
COM
Parking
34 Spaces (4.33 Spaces per 1,000 SF Leased)
Frontage
329 ft on Dixie Hwy

Nearby Major Retailers

Aldi
Meijer
Hot Head Burritos
Biggby Coffee
Grocery Outlet
Olive Garden
Planet Fitness
Nathan's Famous-delivery Only
Applebee's
Cracker Barrel Old Country Store

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 2301047
  • 2301048
Land Assessment
£110,131
Improvements Assessment
£109,661
Total Assessment
£219,793
  • Listing ID: 32031831

  • Date on Market: 05/06/2024

  • Last Updated:

  • Address: 3633 S Dixie Hwy, Middletown, OH 45005

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