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Delaware Statutory Trust Acquires Dollar General Retail Property In Kent Ohio For $2.3M
SOLD
Retail10,566 SF
Sold 01/14/2026
SOLD
Delaware Statutory Trust Acquires Dollar General Retail Property In Kent Ohio For $2.3M
1154 Tallmadge Road
See Similar DealsRetail10,566 SF
Sold 01/14/2026
Summary
OHIO
Asset Type:Retail
Price Per Square Foot:$217
Total Square Footage:10,566 SF
Transaction Type:Sale
A retail property transaction involved the sale of a Dollar General located at 1154 Tallmadge Road in Kent, OH. The sale price was set at $2,300,000, with a total square footage of 10,566 and a price per square foot of $218.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,300,000
- Address: 1154 Tallmadge Road
- Market: Kent, OH
- Square Feet: 10,566
- Price Per Square Foot: $218
- Buyer: Delaware Statutory Trust
- Seller: Preferred Dollar General developer
- Brokers: Randy Blankstein & Jimmy Goodman - The Boulder Group
The successful brokerage of this transaction was conducted by Randy Blankstein and Jimmy Goodman, who represented the seller, a preferred developer for Dollar General. This information outlines the key broker representatives facilitating the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$122,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,171.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,903.17
Annual Debt Service$130,838.08
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