Dollar General

2305 U.S. 62, Dundee, OH 44624

$1,440,000

Cap Rate 7.00%

Views: 49 DOM: 66 Updated: 07.24.24 Posted: 07.03.24 Status: Active

Summary

Price $1,440,000	Built/Renov 2020	Tenant Dollar General
Cap Rate 7.00%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 9,100	Lease Start 08-26-2020	#Units 19,986
Price/SF $158.24	Expiration 08-31-2035	Tenant Type Dollar/Discount
NOI $100,744	R. Term 10.12	Ownership Fee Simple
Rent/SF $11.07	Increases 10.0%/11/yrs	Pop 5Mi 11,352
Lot/AC 2.00	Options 3/5yrs/10%	AHHI 5Mi $110,783

Andrew Fallon

SRS National Net Lease Group

Contact

Lease Highlights

Dollar General has 11 years remaining on the current lease term with 3 (5-year) options to extend
The lease features 10% rental escalations at the start of each option period
Absolute NNN lease | Zero landlord responsibilities
Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located on US-62, with access to 3,600 vehicles passing by daily. The property boasts excellent visibility with significant street frontage and a prominent pylon sign. Moreover, this prime location enjoys virtually no competition in the surrounding area. The 5-mile trade area is supported by a population of 11,352 residents with an average household income of...

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Key Features

Build to suit
Strategically located
Highway location
Affluent AHHI $100K 5 Mi
Absolute NNN
Long 10+ yr lease
Limited competition
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Dollar General Wikipedia Dollar General Wikipedia Dundee, Ohio Zip Code 44624 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Dollar General
Guarantor:Corp T and Rated
Company:Dollar General Corp.
# Units:19,986
Tenant S&P: BBB
Moody’s: Baa2
Stock: NYSE: DG

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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