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Castalia, OH - Dollar General

$1,133,143

5405 Tiffin Ave, Castalia, OH 44824

Active
Last Updated: 03/09/2026

7

Cap Rate

79,320

NOI

Details:
Cap Rate:    7%
NOI:    $79,320
Building Size:    9,026 sqft
Lot Area:    2.08 acres
Year Built:    2015
Description:

• Dollar General has operated at this location for 10 years and has 9+ years remaining on their current lease
• The lease is corporate guaranteed by Dollar General, Corp., an investment grade (S&P: BBB), nationally recognized, and an established discount store with more than 20,900 location as of October 31, 2025
• The tenant recently executed a lease extension through 2035, demonstrating long-term commitment to the site

• Located in close proximity to Margaretta High School, which has over 1,000 students, contributing to consistent daily traffic from students, teachers, and staff
• Dollar General benefits from its proximity to the Sandusky and Lake Erie Shores region, which attracts over 13 million visitors annually and is branded as “Ohio’s Water Park Capital,” with nearby tourism activity driving seasonal population increases and enhancing overall retail demand
• The property benefits from excellent frontage and visibility along Main Street (4,700 VPD) and convenient access to Highway 2 (24,100 VPD), capturing both local and regional traffic

Map:
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