317 W Washington Street, Sandusky, OH 44870
- 0.55 acres
- Built 1946
About this property
Brand new renovation and tenancy. Very rare opportunity to acquire a "downtown" Dollar General - newly renovated DG Market net lease investment located in the heart of Sandusky, Ohio. Offered at $1,700,000, the 11,252 SF freestanding retail property is leased to DG Market (Dollar General). A 10-year lease backed by a full corporate guaranty, offering a 6.00% going-in cap rate (6.77% blended rate over option periods) with a starting rent of $102,000. The lease includes 3 five-year renewal options, each featuring a 10% rent increase, providing built-in long-term rental growth. Tenant is responsible for property taxes, insurance and base rent. Landlord's obligations are limited to snow removal and lawn maintenance. The property recently underwent a comprehensive renovation, including new mechanical, electrical and plumbing (MEP) systems, a 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.
Key facts
- Status
- Active
- Type
- Retail
- Days on market
- 1
- County
- Erie
- MLS #
- 10015791
- Listing brokerage
- Ohio Broker Direct, LLC
- Listing brokerage contact
- 614-989-7215
Exterior and construction
- Construction
- Block, Brick
- Foundation
- Slab
Lot and parking
- Lot size
- 0.55 acres
- Lot square feet
- 23,958
- Parking
- On Site, Parking Lot
- Total parking
- 23
Systems and utilities
- Heating
- Natural Gas
- Utilities
- Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
- Sewer
- Public Sewer
- Water
- Public
Taxes and HOA
- Tax year
- 2025
- Parcel number
- 56-00731-000
Schools
- District
- Sandusky
- Elementary
- Sandusky
- Middle
- Sandusky
- High school
- Sandusky
Sale terms
- Financing accepted
- Cash
- Possession
- Close Of Escrow
Around it
Erie County: 4 homes for sale. Town: everything for sale in Sandusky.
Is it priced right?
Curious how this home is listed relative to fair market value? Send a request and I'll run a report for you and send it to you. Asking prices are the seller's opinion. What the homes around it sold for is the market's.
Own a home nearby? Pick the second option and I'll value yours instead.
Similar commercial listings for sale in Sandusky
Shown here through the MLS IDX program by Blacktree Realty. Listing information is provided by Northwest Ohio Real Estate Information Systems (NORIS) through the Internet Data Exchange program and is deemed reliable but not guaranteed. Listings held by brokerages other than Blacktree Realty are identified with the listing brokerage's name. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings are provided courtesy of the Northwest Ohio Real Estate Information Systems, Inc. IDX Database. © 2026 NORIS. All rights reserved. Data last updated Nov 12, 2026, 6:10 PM.