Dollar General,
Carrollton, OH Investment Summary
| Price | $1,850,000 |
| Cap Rate | |
| NOI | |
| Lease Term | 15 Years |
| Lease Type | Absolute NNN, With Tenant Responsible For All Taxes, Insurance, And Maintenance, Including Roof, Structure, And Parking Lot |
| Rental Increases | 10% Rental Increases In Option Periods |
| Year Built | 2021 |
| Building Size | 10,640 SF |
| Lot Size | 1.46 Acres (63,598 SF) |
| Status | Sold |
| Lead Brokers | Michael T. Yuras, CCIM Vice Chairman 415.481.0788 michael.yuras@cushwake.com CA RE License #01823291 Scott Crowle Executive Managing Director 415.604.4288 scott.crowle@cushwake.com CA RE License #01318288 Vincent Aicale Executive Managing Director 415.690.5522 vince.aicale@cushwake.com CA RE License #01728696 Ryan Forsyth Executive Managing Director 415.413.3005 ryan.forsyth@cushwake.com CA RE License #01716551 |
Investment Highlights
NEW 15-YEAR ABSOLUTE NNN LEASE WITH CORPORATE GUARANTY
» New 15-year absolute NNN lease to growing retail tenant
» Guaranteed by Dollar General Corporation (NYSE: “DG”)
» Dollar General’s annual revenue exceeds $34 billion
» Dollar General Ranked #91 on Fortune 500 list (12 consecutive years of Fortune 500 ranking growth)
» Dollar General operates more than 18,130 locations in 46 states and has plans for significant future growth
» Tenant is responsible for taxes, insurance, and all maintenance, including roof, structure, and parking lot
» No landlord management, ideal investment opportunity for an out-of-area investor
HIGH-VISIBILITY LOCATION IN POPULOUS SUBURBAN OHIO MARKET
» Easily accessible location along State Route 332/Scio Road, a primary north-south Carrollton thoroughfare
» State Route 332/Scio Road connects U.S. Route 250 to U.S. Route 30, attracting significant amounts of commuter traffic through the site
» One mile from Downtown Carrollton and across the street from Carrollton High School (1,716 students)
» Carrollton is the county seat of Carroll County with a wide trade area with limited services
» 53,700 residents within a 15-mile radius of the property, establishing a consistent customer base for the site
» Projected 11 percent average annual household income increase within five miles of the site in the next five years, poising Dollar General and Carrollton for concurrent growth
HIGH-QUALITY 2021 CONSTRUCTION
» High-quality construction completed in 2021 featuring Dollar General’s latest prototype
» 21-foot pylon sign facing State Route 332/Scio Road, increasing visibility to the location
» Large, 1.46-acre parcel
Property Description
SOLD
This Dollar General has an easily accessible location along State Route 332/Scio Road, a primary north-south Carrollton thoroughfare. State Route 332/Scio Road connects U.S. Route 250 to U.S. Route 30, attracting significant amounts of commuter traffic directly through the site. The property in conveniently located less than a mile from Downtown Carrollton and across the street from Carrollton High School (1,716 students), attracting regular foot traffic to the site. The property is located in a populous area, with 53,700 residents living within a 15-mile radius of the property. This Dollar General is poised to grow along with the location, with a projected 11 percent average annual household income increase within five miles of the site in the next five years.
