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Dollar General (Dark)

$1,225,000

1596 S Parsons Ave, Obetz, OH 43207

Active
Last Updated: 06/20/2025

10.17

Cap Rate

124,548

NOI

Details:
Cap Rate:    10.17%
NOI:    $124,548
Building Size:    9,295 sqft
Lot Area:    0.83 acres
Class:    C
Year Built:    2013
Floors:    1
Highlights:
  • Reposition or Redevelopment Opportunity: Ideal for investors seeking value-add potential
  • Absolute Net Lease w/ Corporate Guarantee: Corporate guaranteed lease paid through July 31, 2028, with zero landlord responsibilities
  • Modern Construction on Compact Site: Built in 2013, the property features a 9,295 SF building situated on a 0.83-acre lot
  • High-Visibility Corner Location: Positioned at the signalized intersection of Parsons Avenue and East Markison Avenue
  • Strong Traffic Exposure: Prominent frontage and signage along Parsons Avenue and E Markison Ave, with combined daily traffic counts exceeding 18,466 vehicles
  • Solid Demographics: 17,302 people within a 1 mile radius | 97,750 people within 3 mile radius | 287,506 people within a 5 mile radius
  • Strong Household Income: Average household income is $76,940 within a 1 mile radius
  • National Tenant Mix: Kroger, Ace Hardware, O'Reilly Auto Parts, Rally's, Advance Auto Parts, U-HAUL, Pizza Hut, and more
Description:

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Columbus is the capital and most populous city of the U.S. state of Ohio. With a 2020 census population of 905,748, it is the 14th-most populous city in the U.S., the second-most populous city in the Midwest (after Chicago), and the third-most populous U.S. state capital (after Phoenix, Arizona, and Austin, Texas). Columbus is the county seat of Franklin County; it also extends into Delaware and Fairfield counties. The Columbus metropolitan area encompasses ten counties in central Ohio and had a population of 2.14 million in 2020, making it the largest metropolitan area entirely in Ohio[a] and 32nd-largest metro area in the U.S.

Columbus originated as several Native American settlements along the Scioto River. Franklinton, now a city neighborhood, became the first European settlement in 1797. The city was founded in 1812 at the confluence of the Scioto and Olentangy rivers and was planned as the state capital. Named after Italian explorer Christopher Columbus, it assumed the role of capital in 1816 and became the county seat in 1824. Despite periods of flooding and economic downturns, the city grew steadily through industrialization. Beginning in the 1950s, Columbus experienced rapid expansion, becoming Ohio's largest city by land and population by the early 1990s. Growth has continued into the 21st century, with major redevelopment in neighborhoods across the city, including downtown.

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