Listing Summary
Prime 8,000 SF retail property for sale in Piketon, OH for $521,000. Features a long-term Family Dollar tenant with a recent lease extension and strong US-32 frontage
Full Description
Prime Commercial Retail Property | Long-Term Family Dollar Tenant | $521,000
An outstanding commercial real estate acquisition opportunity is now available at $521,000. This 8,000-square-foot retail asset offers investors an exceptionally low-risk, net-leased investment opportunity priced well below replacement cost at just $65 per square foot. Anchored by Family Dollar—a leading national discount retailer—this location has demonstrated long-term profitability and site viability for over two decades.
Investment & Property Snapshot
-
Offering Price: $521,000
-
Price Per Square Foot: $65/SF (Significantly below replacement cost)
-
Building Size: 8,000 SF
-
Rental Rate: $6.20/SF (Low cost of occupancy supporting tenant health)
-
Year Built: 1999
-
Property Type: Commercial Retail / Net-Leased Asset
Key Investment Highlights
-
Proven Tenant Commitment: Family Dollar has successfully operated at this location since 1999 and recently exercised an option to renew their lease, proving their strong commitment to the site.
-
Low Cost of Occupancy: At just $6.20 per square foot in rent, the tenant benefits from sustainable overhead costs, ensuring high profitability and long-term lease stability.
-
Incredible Basis: Offered at only $65 per square foot, providing an investor with strong intrinsic real estate value and immediate downside protection.
-
Essential Retail Concept: Discount stores remain exceptionally resilient across all market cycles, driving consistent daily foot traffic.
Strategic Location & Visibility Situated directly on US Highway 32 right outside the main downtown trade area, the property enjoys commanding road frontage, high daily traffic counts, and effortless customer access. Its strategic position captures both local vehicular traffic and regional commuters, serving as a primary neighborhood retail hub for the surrounding residential customer base.
Quick Glance
- Listing ID:
CL-Michigan-28410
- Status:
Active
- Year Build:
1999
- Building Size:
8,000 SqFt
- Lot Size:
N/A
-