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Family Dollar

$850,000

308 South Michigan Street, Edon, OH 43518

Active
Last Updated: 09/23/2026

8

Cap Rate

68,000

NOI

Details:
Cap Rate:    8%
NOI:    $68,000
Building Size:    8,320 sqft
Lot Area:    1 acres
Occupancy:    100%
Lease Type:    Double Net
Year Built:    2017
Zoning:    Commerrccal
Tenancy:    Single
Highlights:
  • Secure Cash Flow & Credit Guaranty
  • Proven Location Commitment
  • Rental Increase
  • Low-Maintenance Lease Structure
  • Limited Local Retail Competition
  • Supply Chain Proximity
Description:

Landmark Investment Sales is pleased to exclusively offer a fully occupied Family Dollar in Edon, OH. The property provides a secure, low-risk income stream backed by strong corporate credit. Demonstrating a long-term commitment to this location, the tenant executed an early 5-year lease extension through September 30, 2032, followed by five additional 5-year renewal options extending through 2057. The lease features built-in rental increases at each option term—jumping 12.24% in the Second Extended Term and roughly 5% at every subsequent extension. Built recently in 2017, the 8,320 SF freestanding building requires limited near-term deferred maintenance and benefits from strong local traffic as the primary retailer in Edon.

Map:
Documents:
Title
155i_Family_Dollar-Edon__OH-OM.pdf
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