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Property Description

317 E. Washington St. presents an opportunity to acquire a newly renovated DG Market net lease investment located in the heart of downtown Sandusky, Ohio. Offered at $1,700,000, the 11,252 SF freestanding retail property is leased to DG Market (Dollar General) under a 10 year lease backed by a full corporate guaranty and offers a 6.00% going-in cap rate before annual lawn and snow expenses with a Net Operating Income (NOI) of $102,000. The lease includes 3 five-year renewal options, each featuring a 10% rent increase, providing built-in long-term rental growth. The tenant is responsible for property taxes, insurance and base rent, the landlord’s obligations are limited primarily to snow removal and lawn maintenance. The property has recently undergone a comprehensive renovation, including new mechanical, electrical and plumbing (MEP) systems, new parking lot, upgraded 600-amp electrical service and a new membrane roof backed by a 10-year warranty. Originally built in 1946, the single story building sits on approximately 0.55 acres with 23 parking spaces, equating to approximately 2.04 spaces per 1,000 SF leased. Strategically positioned in downtown Sandusky, the property has excellent visibility with 143′ of frontage along Washington Street, located just 2 blocks from Lake Erie and approximately 8 minutes from Cedar Point, one of the region’s premier tourist destinations. Additionally, the property is located within an Opportunity Zone and is zoned DBD (Downtown Business District), a designation intended to support the city’s role as a regional center for corporate businesses, cultural attractions, museums, professional sports, and other commercial activities. This offering combines the security of a nationally recognized corporate tenant, minimal landlord responsibilities, recent capital improvements, contractual rent growth, and a highly desirable downtown location, making it an attractive net lease investment opportunity. Seller is a licensed real estate agent.

Features
Waterfront:
No
Address Map
Country:
US
County:
Erie
City:
Sandusky
Zipcode:
44870
Street:
Washington
Street Number:
317
Street Suffix:
Street
Longitude:
E0° 0' 0''
Latitude:
N0° 0' 0''
Street Direction:
E
Directions:
Between Franklin and Hancock
MLS Addon
Office Name:
Ohio Broker Direct
Agent Name:
Joan D Elflein
Property Subtype 1:
Retail
Listing Agent MLS ID:
JDELFLEIN
Listing Office MLS ID:
1496
Parcel ID:
5600731000
Area:
N/A
Status Date:
10/11/2026

Commercial For Sale

317 Washington Street, Sandusky, 44870

0.55 Acre
$1,700,000
Listing ID #20264743
Basic Details
Property Type :
Commercial
Listing Type :
For Sale
Listing ID :
20264743
Price :
$1,700,000
Year Built :
1946
Lot Area :
0.55 Acre
Status :
Active
Agent info
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