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Dollar General Sold In Kent Ohio For $2.314 Million With Randy Blankstein And Jimmy Goodman As Seller's Representatives
SOLD
$2,314,000
Retail10,566 SF
Sold 12/31/2025
SOLD
Dollar General Sold In Kent Ohio For $2.314 Million With Randy Blankstein And Jimmy Goodman As Seller's Representatives
1154 Tallmadge Road
See Similar DealsRetail10,566 SF
Sold 12/31/2025
Summary
OHIO
Asset Type:Retail
Price Per Square Foot:$219
Total Square Footage:10,566 SF
Transaction Type:Sale
The property involved in this transaction is a 10,566-square-foot retail asset located at 1154 Tallmadge Road in Kent, Ohio. It was sold for $2,314,000, equating to a price per square foot of $219. The asset is a single-tenant Dollar General situated near Interstate 76, benefiting from strong traffic and surrounding national retailers and new apartments.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,314,000
- Square Footage: 10,566
- Address: 1154 Tallmadge Road
- Market: Kent, OH
- Price per Square Foot: $219
- Brokers: Randy Blankstein & Jimmy Goodman - The Boulder Group
- Buyer: Delaware Statutory Trust
Randy Blankstein and Jimmy Goodman from The Boulder Group represented the seller in this transaction. The buyer, a Delaware Statutory Trust, acquired the property in a deal that highlights the interest in retail spaces with strong demographics and traffic patterns.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$123,413.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,221.16
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,969.54
Annual Debt Service$131,634.49
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