DOLLAR GENERAL | HOLGATE, OHIO

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
Four (4) - Five (5) Year
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)

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