Dover Discount Drug Mart Plaza
Property Type: Retail | Property Status: Sold
Property Details
Price: $3,395,000
CAP Rate:
Square Feet:
Tenancy Type: Mixed
Lease Type: NNN
Location Info
Address: 3015 N. Wooster Avenue
City: Dover
State: OH
Zip: 44622
Property Description
Short Description:
100% occupied NNN center with great assumable non-recourse financing with 6+ years remaining at a 5.20% rate. Historically very stable and well-tenanted plaza with newer construction (1997). Due to success at this location, Discount Drug Mart has just exercised their first of (8) 5-yr options. The lease option was exercised about four years early, extending their current lease term through March 2018. High cash-on-cash return of 13.34% in year 1.
Details
Full Offering Memorandum