x
By submitting, you're allowing YAFC Team to email you regarding available listings. You can unsubscribe anytime.

x

Dollar General, Montville, OH

Dollar General

Montville, OH 44064

Price 1,718,000
Cap Rate 5.50%
NOI 94,493
Lease Term 15 Years
Lease Type Absolute NNN, with Tenant Responsible for All Taxes, Insurance, and Maintenance, Including Roof, Structure, and Parking Lot Replacement
Rental Increases 10% Rental Increases in Option Periods
Year Built 2020
Building Size 9,100 SF
Lot Size 3 Acres (130,680 SF)
Status Available
Lead Broker Information Scott Crowle
Executive Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Michael T. Yuras, CCIM
Executive Managing Director
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Vincent Aicale
Executive Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Executive Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Jack Hinson
Brokerage
704.572.9921
jack.hinson@cushwake.com
CA RE License #02059267

Investment Highlights

15-YEAR ABSOLUTE NNN LEASE WITH CORPORATE GUARANTY
» Guaranteed by Dollar General Corporation (NYSE: “DG”)
» Dollar General Corporation is rated “BBB” by Standard & Poor’s and “Baa2” by Moody’s
» Dollar General’s annual revenue exceeds $27.8 billion
» Dollar General Ranked #119 on Fortune 500 list (11 consecutive years of Fortune 500ranking growth)
» Dollar General operates more than 16,350 locations in 45 states and has plans for significant future growth
» Five (5) options of five (5) years each with scheduled rental increases, providing an excellent hedge against inflation
» No landlord management, ideal investment opportunity for an out-of-area investor

HIGH-VISIBILITY LOCATION IN GROWING AND AFFLUENT AREA
» Located near the signalized four-way intersection of U.S. Route 6/Grand Army of the Republic Highway and State Route 528/Madison Road
» 176,113 residents within a 15-mile radius of the property, establishing an extremely large customer base for the site
» Located in a robustly affluent area, with an average annual household income of $95,789 within a 10-mile radius of the site
» Projected 10 percent average annual household income increase within five miles of the site in the next five years, poising Dollar General and Montville for significant growth

CENTRAL LOCATION NEAR LARGE EMPLOYERS AND COMMUNITY HUBS
» Located within a thirty-minute drive of Lake Erie, where the tourism industry throughout Ohio’s Lake Erie region tops over $2 billion in annual sales
» Gateway to popular tourist attractions such as Pioneer Waterland & Dry Fun Park and Hidden Lakes Family Campground
» Near several well-established local businesses and community hubs in a primary Montville retail corridor
» 21-foot pylon sign facing U.S. Route 6/Grand Army of the Republic Highway, increasing traffic to the site
» 40 minutes from Downtown Cleveland, the largest city on Lake Erie (population 381,009)



Property Description

The property is strategically located near the signalized four-way intersection of U.S. Route 6/Grand Army of the Republic Highway and State Route 528/Madison Road. The site is located in a densely populated and affluent area, with 176,113 residents living within a 15-mile radius of the site and an average annual household income of $95,789 within 10 miles of the property. Dollar General is also poised to grow along with the location, with a projected 10 percent average annual household income increase within five miles of the site in the next five years.

The property benefits from its central location near many of the region’s largest retailers and community hubs. The site is located within a thirty-minute drive of Lake Erie, where the tourism industry throughout Ohio’s Lake Erie region tops over $2 billion in annual sales. The location serves as a gateway to popular tourist attractions such as Pioneer Waterland & Dry Fun Park and Hidden Lakes Family Campground. The site benefits from being centrally located near several well-established local businesses and community hubs in a primary Montville retail corridor. The property features a 21-foot pylon sign facing U.S. Route 6/Grand Army of the Republic Highway, increasing traffic to the site. The location is also 40 minutes from Downtown Cleveland, the largest city on Lake Erie (population 381,009).

Contact Us About This Property

Scott & Mike & Vince & Ryan Form
Sending
JOIN OUR
EMAIL LIST
SUBSCRIBE
Receive Our Latest Single and Multi-Tenant Listings
close-link