Dollar Tree – Cortland
Property Type: Retail | Property Status: Sold
Property Details
Price: $775,000
CAP Rate:
Square Feet:
Tenancy Type: National
Lease Type: NNN
Location Info
Address: 322 S. High Street
City: Cortland
State: OH
Zip: 44410
Property Description
Short Description:
The Cooper Commercial Investment Group is pleased to announce the sale of the single-tenant Dollar Tree location in Cortland, with approximately 4 years of original term remining. The location offers the new owner with minimal daily management responsibilities at the property.
Details
Dan Cooper, President and Broker of the Cooper Commercial Investment Group in Cleveland, Ohio, had the privilege to represent both the seller, a private investment group out of the Midwest and the 1031 buyer. The buyer purchased the property for $775,000, representing a 6.77% CAP Rate, 99% of the list price and went from contract to close in approximately 45 days. Through marketing efforts, the Cooper Group generated multiple competitive offers on the property.