DOLLAR GENERAL | DRESDEN, OHIO

Purchase Price
$1,884,214
Location
3155 Hill Road
Cap Rate
5.60%
Annual Rent
$105,527.16
Building Size
10,640 SF
Land Area
3.00 Acres
Ownership
Fee Simple
Lease Type
NNN
Term Remainning
11 Years
LEASE EXPIRATION
05/31/2033
Renewal Options
Four (4) - Five (5) Year
RENT INCREASES
10% at Options
Parking
35 Spaces
Year Built
2018
APN
10-08-71-50-003
Traffic Counts
7,878 VPD

INVESTMENT HIGHLIGHTS

 

DOLLAR GENERAL CORPORATE LEASE:

  • 11 Years of Guaranteed Lease Term
  • 2018 Build to Suit Construction
  • Four (4) - Five (5) Year Option Periods with 10% Rental Increases
 

A TRUE COUPON CLIPPER | ABSOLUTE NNN LEASE:

  • Absolute NNN Lease with ZERO Management Responsibilities
  • Tenant Pays for ALL Operating Expenses, Insurance & Property Taxes
 

RELOCATION STORE - DG PLUS:

  • Relocation of Dollar General Store #672
  • Former Dollar General Was Located Approximately 0.2 Miles South on W 3rd St
  • 10,640 SF Building
  • Larger Prototype Building Size with Additional Sales Floor Space
 

PROXIMITY FROM DRESDEN, OHIO:

  • Columbus, OH | 65 Miles
  • Cleveland, OH | 124 Miles
  • Pittsburgh, PA | 133 Miles
  • Morgantown, WV | 164 Miles
  • Cincinnati, OH | 171 Miles
  • Fort Wayne, IN | 205 Miles
  • Indianapolis, IN | 239 Miles
  • Cleveland, OH | 243 Miles
  • Louisville, KY | 271 Miles
 

TRADE AREA DEMOGRAPHICS:

  • 1-Mile: 1,866 Residents | $63,027 Average Household Income
  • 3-Mile: 3,579 Residents | $69,635 Average Household Income
  • 5-Mile: 5,672 Residents | $73,210 Average Household Income
  • 7-Mile: 11,172 Residents | $72,231 Average Household Income
 

TENANT:

  • Strong Corporate Guaranty (NYSE: "DG") - Dollar General Corporation is Rated "BBB" by Standard & Poor's
  • 18,566 Stores in 47 States as of July 29, 2022
  • Ranked #106 on the Fortune 500 List

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