DOLLAR GENERAL | SMITHVILLE, OHIO
INVESTMENT SUMMARY
Purchase Price
$1,356,329
Location
850 E Main St
Cap Rate
7.00%
Annual Rent
$94,943.04
Building Size
9,398 SF
Land Area
1.918 Acres
Ownership
Fee Simple
Lease Type
Absolute NNN
Term Remainning
8.5 Years
LEASE EXPIRATION
7/31/2034
Renewal Options
RENT INCREASES
10% at Options
Parking
30 Spaces
Year Built
2019
APN
33-00905.000
Traffic Counts
7,165 VPD
INVESTMENT HIGHLIGHTS
DOLLAR GENERAL CORPORATE LEASE:
- 8.5 Years of Guaranteed Lease Term Remaining (Lease Exp: 07/31/2034)
- 2019 Build to Suit Construction
- 9,398 SF Building on 1.92 Acre Parcel
- Four (4) - Five (5) Year Option Periods with 10% Rental Increases
ABSOLUTE NNN LEASE:
- Absolute NNN Lease with ZERO Management Responsibilities
- Tenant Pays for ALL Operating Expenses, Insurance & Reimburses Property Taxes
CLOSE PROXIMITY TO LOCAL SCHOOLS:
- Smithville High School (0.6 Miles) = 327 Students
- Green Middle School (0.6 Miles) = 230 Students
- Green Elementary School (0.8 Miles) = 538 Students
- Wayne County Schools Career Center (1.3 Miles) = 606 Students
PROXIMITY FROM SMITHVILLE, OHIO:
- Wooster, OH | 7 Miles
- Akron, OH | 28 Miles
- Canton, OH | 29 Miles
- Mansfield, OH | 39 Miles
- Cleveland, OH | 52 Miles
- Columbus, OH | 98 Miles
- Pittsburgh, PA | 122 Miles
TRADE AREA DEMOGRAPHICS:
- 1-Mile Population: 1,118 Residents
- 1-Mile Average Household Income: $115,088
- 3-Mile Population: 4,106 Residents
- 3-Mile Average Household Income: $105,416
- 5-Mile Population: 22,501 Residents
- 5-Mile Average Household Income: $93,123
- 7-Mile Population: 51,537 Residents
- 7-Mile Average Household Income: $94,760
- 10-Mile Population: 84,851 Residents
- 10-Mile Average Household Income: $97,545
TENANT:
- Dollar General Corporation (NYSE: "DG")
- Strong Investment Grade Credit Rating of "BBB" by Standard & Poor's
- Ranked #112 on the Fortune 500 List (2024)
- 20,901 Stores in 48 States

