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Views: 224 DOM: 224 Updated: 11.08.24 Posted: 08.23.24 Status: Active 11.15.24

Summary

Price $2,219,000
Built/Renov 2024
Tenant Dollar General Market
Cap Rate 6.95%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,640
Lease Start 09-01-2024
#Units 19,986
Price/SF $208.55
Expiration 08-31-2039
Tenant Type Dollar/Discount
NOI $154,234
R. Term 14.5
Ownership Fee Simple
Rent/SF $14.50
Increases 5.0%/5/yrs
Pop 5Mi 15,969
Lot/AC 2.20
Options 3/5yrs/5%
AHHI 5Mi $106,211

Lease Highlights

  • Brand-new 2024 construction
  • New 15-year lease with 3 (5-year) options to extend
  • The lease features 5% rental increases throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General Market is strategically located on OH-73, with access to 7,160 vehicles passing by daily. The property is positioned near a dense recreational corridor, just 0.5 miles from the Ohio Renaissance Festival Grounds, which attracts over 200,000 annual visitors and hosts events year-round. Additionally, it is 3 miles from Caesar Creek Lake, a state park featuring a marina, beach area,...

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  • 1 Mile
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  • 5 Miles

Tenant

About Tenant

Dollar General Corporation (NYSE: DG) is an American chain of variety stores. The stores deliver everyday low prices on items including food, snacks, health, and beauty aids, cleaning supplies,...


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Listing Broker

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Darpan Patel

Marcus & Millichap

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  • 27 Listings
  • 5580 Views
  • 11 Sold
Dan Yozwiak

Marcus & Millichap

Contact
  • 27 Listings
  • 5580 Views
  • 11 Sold

Darpan Patel joined Marcus and Millichap as an Associate in April of 2012. He was promoted to Senior Associate in April 2016 and elevated to First Vice President Investments in July 2019. Since joining Marcus & Millichap, Darpan has closed more than 300 transactions equating to more than $650 million of property sales in 32 states. His clients include developers, high net-worth investors, syndicators, medical professionals,, private equity funds and private investment groups. Mr. Pate

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Dan Yozwiak specializes in bringing a true value of representation to real estate investors through the disposition and acquisition of income producing properties. He is committed to helping clients create and preserve wealth by providing the best real estate investment research, advisory, and transaction services available. He has successfully advised and represented a number of high net worth individuals, private equity investors, merchant developers and institutions in the acquisition and di

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