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412 E Walton Street, Willard, OH, 44890

412 E Walton Street

$1,284,862

Key Information

Cap Rate
8%
Tot. SF
8,272
Lot Size
1.56 Acres
Year Built
2015
Term Remaining
± 3 Years
Type
Retail
NOI
$102,789

Highlights

• Corporate Tenant – The lease is signed by Family Dollar Stores of Ohio, Inc which is a subsidiary of the parent company of Dollar Tree, Inc. Family Dollar operates over 7,100 locations across the country with a reported revenue of ~$13B in the last Fiscal Year.
• Absolute NNN – This is a rare absolute NNN lease for Family Dollar with zero landlord responsibilities, offering 100% passive income to a prospective purchaser.
• Passive Value-Add Investment — This asset represents an ideal play for an investor seeking high-yield, low-risk corporate income in the short term, paired with the long-term upside of inheriting a well-maintained, freestanding commercial building.
• Attractive Increase Schedule – 10% rental increases in each of the Six, 5-year options, which is beneficial to an owner as it increases their annual cash flow and helps hedge against inflation.
• Essential Retail – Family Dollar stores often serve as community “essential retail anchors” in secondary and tertiary markets where discount retail is mission-critical for local consumers.
• Recession Resistant Tenant – Discount retail historically performs well during economic uncertainty, benefitting from resilient demand as consumers seek value and affordable essentials.
• Strong Agricultural & Industrial Base — Willard serves as a vital economic engine for Huron County, backed by dominant local corporate footprints including the heavy-volume CSX Transportation Rail Yard, Pepperidge Farm, and Stanley Black & Decker manufacturing facilities.
• Walton Street (US-224) — The subject property maintains optimal commercial exposure with roughly 185 feet of direct frontage along Walton Street (US-224), which commands an exceptional traffic stream of over 10,050 vehicles per day.

Photos

Location

Agents

Broker of Record

Matt Wallace

License # BRKP.2024002419, REC.2022007141 (OH)
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113