| Purchase Price | $1,250,000 |
|---|---|
| Annual Rental Income | $112,500 |
| Cap Rate | 9% |
| Lease Term | 4 Years |
| City | Geneva |
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Family Dollar – Geneva, OH
This Family Dollar property in Geneva, Ohio is secured by a long-term net lease with a nationally recognized discount retailer. The asset offers passive, reliable cash flow with minimal landlord obligations and is positioned in a market where necessity-based retail drives consistent consumer demand.
Tenant Overview
Family Dollar, a subsidiary of Dollar Tree Inc., operates over 8,000 locations nationwide. The brand is built around value, convenience, and access to essential goods for budget-conscious consumers. Stores offer a variety of low-cost products including groceries, cleaning supplies, health and beauty items, household goods, apparel basics, baby care, toys, and pet products. Family Dollar has a strong history of successful operation in small and mid-sized markets across the U.S.
Lease Structure
The property is operated under a net lease, commonly structured as double-net (NN) or triple-net (NNN), where the tenant is responsible for taxes, insurance, and often maintenance. This structure provides investors with predictable income, minimal management requirements, and a dependable national tenant with consistent performance.
Geneva Market Overview
Geneva is located in Ashtabula County in northeastern Ohio, approximately 50 miles east of Cleveland. It serves as a local hub for surrounding rural and lakeside communities, with a population of approximately 6,000 residents and a larger regional trade area. The area benefits from seasonal tourism, proximity to Lake Erie, and regional employers in manufacturing, education, and healthcare.
Demographics & Demand Drivers
The Geneva area has a stable population and household income levels that fall below the national average. The city’s consumer base includes working families, seniors, and blue-collar households that value convenient access to low-cost goods. Family Dollar’s affordable product mix and essential retail model align well with the area’s needs, generating repeat traffic and durable store performance.
Community Role & Store Importance
Family Dollar serves a vital function in the Geneva community by offering affordable daily essentials in a convenient neighborhood location. With limited competition from larger national chains within close proximity, this store provides a reliable source of everyday products to residents and visitors alike. Its small-format retail design ensures frequent, high-utility shopping patterns.
Tenant Credit & Stability
As a corporate-backed, publicly traded entity, Family Dollar brings national scale, operational resilience, and financial credibility. The brand has a long history of successfully operating in rural and economically diverse markets. The lease structure and tenant profile make this asset a strong, low-volatility addition to any income-focused portfolio.
Investment Highlights