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DOLLAR GENERAL | SMITHVILLE, OHIO

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
Four (4) - Five (5) Year
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

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