Acquired in early 2018 as part of a 1031 exchange, this Family Dollar location in Maple Heights, OH featured a 10-year initial term with a corporate guaranty from Family Dollar Stores, Inc. The property is located at the signalized corner of Rockside Road and Dunham Road with superior demographics in the area, including 187,615 population and an average household income of $54,670 within 5 miles. The brand new lease was executed in December, 2017 and featured a new roof with 15-year transferrable warranty.
OneV Capital plans to hold this property long term and enjoy the favorable return from rental income. The Tenant manages all monthly expenses directly including property tax, insurance, and maintenance which means there is no management or maintenance required. This property is one of a few upcoming transactions to create stable monthly cash flow which can be reinvested into value-add projects in the future.