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Dollar General, Antwerp, OH

Dollar General

Antwerp, OH

Price $1,194,000
Cap Rate 7.25%
NOI $86,545
Lease Term 15 Years
Lease Type Absolute NNN, with Tenant Responsible for All Taxes, Insurance, Utilities, Maintenance, and Repair, Including Roof, Structure, and Parking Lot
Rental Increases 10% Rental Increases in Each Option Period
Year Built 2013
Building Size 9,100 SF
Lot Size 1.25 Acres (54,480 SF)
Status Available
Lead Broker Information Michael T. Yuras, CCIM
Executive Managing Director
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Senior Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Cushman and Wakefield Inc. LIC. # 00616335
This property is listed in conjunction with Ohio-licensed real estate broker RESG Companies.

Investment Highlights

CORPORATE GUARANTEED, ABSOLUTE TRIPLE NET LEASE
» Guaranteed by Dollar General Corporation (NYSE: “DG”)
» Tenant is responsible for taxes, insurance, and all maintenance, including roof, structure, and parking lot
» No landlord management
» Ideal investment opportunity for an out-of-area investor

MAJOR NATIONAL TENANT WITH STRONG FINANCIALS
» Dollar General Corporation is rated “BBB” by Standard & Poor’s and “Baa2” by Moody’s
» Dollar General’s yearly revenues exceed $21.9 billion
» Dollar General operates 14,000 locations in 43 states and has plans for significant future growth

CENTRAL LOCATION WITH FREEWAY VISIBILITY
» Excellent location on one of Antwerp’s primary thoroughfares
» Visibility from U.S. Highway 24, the main route connecting Antwerp to the Fort Wayne and Toledo metropolitan areas
» Within walking distance of downtown Antwerp and Antwerp High School
» Near Antwerp’s industrial park, home to some of the city’s largest employers
» Close to several parks and the Maumee River, a state-designated scenic river

STRONG CUSTOMER BASE WITH MINIMAL COMPETITION
» Minimal competition from retailers in Antwerp and the surrounding area
» Attracts customers from a large trade area, providing a strong customer base for Dollar General

Click Here to Download Offering Memorandum


Property Description

The property is conveniently located along Route 49, one of Antwerp’s primary thoroughfares. Located immediately off of the freeway, the property is visible to 9,140 vehicles per day on U.S. Highway 24, which is the main route connecting Antwerp to the Fort Wayne and Toledo metropolitan areas. The property is centrally located within walking distance of downtown Antwerp and Antwerp High School. The property is also near Antwerp’s industrial park, which is home to some of the city’s largest employers. Several recreational areas are also located nearby, including Riverside Park, which lies next to the scenic Maumee River.

The property faces minimal competition from retailers in Antwerp and the surrounding area, and therefore attracts customers from a large trade area, providing a strong customer base for Dollar General.

Contact Us About This Property

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