SOLD: 1805 S. Defiance St. (Dollar General)

Calibrate Real Estate is excited to announce that Kyle Malnati successfully facilitated the purchase of a NNN-leased property located at 1805 S. Defiance St. in Archbold Ohio. This property has a single tenant under a commercial lease with a 6.5% CAP rate for a high return rate and zero management responsibility for the Owner. 

See below for more details on this sale;

Location: Archbold, Ohio
Addresses: 1805 S. Defiance St, OH 45302
Sale Date: February 15th, 2019
Sale Price: $1,480,000
Price/SF: $137.25 SF
Lot Size: *1.6454 acres
Building Size: 10,640 SF
Lease Type: NNN (15 Years)
Year Built: 2017
*Buyer to verify accuracy of square footage*

RENT ROLL:
Dollar General: $96,380/Year

PROPERTY HIGHLIGHTS:
– 15 year absolute NNN lease with zero landlord responsibilities 
– Classified as a relocation store, proving the success of the local market 
– Corporate guaranteed lease with three 5 year options to extend with 10% rental rate increase  
– Located in a high visible area and strategically positioned in high population are of Archbold, OH  

Kyle 40 Under 40

Kyle Malnati
303-358-4250 | Kyle@CalibrateRE.com

Calibrate Real Estate (303) 482-2828
900 E. Louisiana Ave. #203, Denver, CO 80210
http://www.CalibrateRE.com
http://www.DenverApartmentBuildingsForSale.com

One response to “SOLD: 1805 S. Defiance St. (Dollar General)

  1. Pingback: Denver Apartment Investors Trade in for NNN Leases | Calibrate Real Estate Blog·

Comments are closed.