DOLLAR GENERAL | HOLGATE, OHIO
INVESTMENT SUMMARY
Purchase Price
$1,145,000
Location
501 Joe E. Brown Ave
Cap Rate
6.47%
Annual Rent
$74,057.04
Building Size
9,100 SF
Land Area
1.34 Acres
Ownership
Fee Simple
Lease Type
Absolute NNN
Term Remainning
9 Years
LEASE EXPIRATION
07/31/2030
Renewal Options
RENT INCREASES
10% at Options
Parking
30 Spaces
Year Built
2010
APN
14-010008.0100
Traffic Counts
1,019 VPD
INVESTMENT HIGHLIGHTS
DOLLAR GENERAL CORPORATE LEASE:
- Approximately 9 Years Remaining in the Initial 15 Year Lease Term
- 2010 Build to Suit Construction - 9,100 SF
- Four (4) - Five (5) Year Option Periods
- 10% Rental Increases in Option Periods
A TRUE COUPON CLIPPER | ABSOLUTE NNN LEASE:
- Absolute NNN Lease with ZERO Management Responsibilities
- Tenant Pays for ALL Operating Expenses, Insurance & Property Taxes
RECENT LEASE EXTENSION | RECENT STORE REMODEL:
- In July 2021, Tenant Extended the Lease for an Additional 5 Years - Nearly 4 Years Before the Original 15 Year Lease Term Expiration Date
- Subject Property Recently Remodeled at Tenant's Sole Cost and Expense
PROXIMITY FROM HOLGATE, OHIO:
- Lima, Ohio | 39 Miles
- Toledo, Ohio | 52 Miles
- Fort Wayne, Indiana | 61 Miles
- Ann Arbor, Michigan | 92 Miles
- South Bend, Indiana | 141 Miles
- Cleveland, Ohio | 155 Miles
- Cincinnati, Ohio | 165 Miles
- Indianapolis, Indiana | 186 Miles
TRADE AREA DEMOGRAPHICS:
- 1-Mile Population = 1,084 Residents
- 1-Mile Average Household Income = $68,789
- 3-Mile Population = 1,662 Residents
- 3-Mile Average Household Income = $70,758
- 5-Mile Population = 3,198 Residents
- 5-Mile Average Household Income = $73,381
- 7-Mile Population = 5,808 Residents
- 7-Mile Average Household Income = $79,250
TENANT:
- Dollar General (NYSE: DG) Features Investment Grade Credit "BBB" by Standard & Poor's
- 17,683 Stores in 46 States as of July 30, 2021
- Dollar General Achieved Their 31st Consecutive Year of Positive Same-Store Sales Growth in 2020
- Ranked #91 on the Fortune 500 List - Up 21 Spots from Last Year (Dollar General has Moved Up the Fortune 500 Rankings for 12 Consecutive Years)