Dollar General,
Big Prairie, OH Investment Summary
| Price | $1,780,000 |
| Cap Rate | |
| NOI | |
| Lease Term | 15 Years |
| Lease Type | Absolute NNN Lease, 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 | 9,026 SF |
| Lot Size | 2.144 Acres (93,393 SF) |
| Status | Sold |
| Lead Brokers | Michael T. Yuras, CCIM Executive Managing Director 415.481.0788 michael.yuras@cushwake.com CA RE License #01823291 Scott Crowle Executive Director 415.604.4288 scott.crowle@cushwake.com CA RE License #01318288 Vincent Aicale Executive Director 415.690.5522 vince.aicale@cushwake.com CA RE License #01728696 Ryan Forsyth Executive Director 415.413.3005 ryan.forsyth@cushwake.com CA RE License #01716551 |
Investment Highlights
15-YEAR ABSOLUTE NNN LEASE WITH CORPORATE GUARANTY
» Guaranteed by Dollar General Corporation (NYSE: “DG”)
» Dollar General’s annual revenue exceeds $27.8 billion
» Dollar General Ranked #119 on Fortune 500 list (11 consecutive years of Fortune 500 ranking growth)
» Dollar General operates more than 16,350 locations in 45 states and has plans for significant future growth
» No landlord management, with the tenant responsible for taxes, insurance, and all maintenance, including roof, structure, and parking lot
» Ideal investment opportunity for an out-of-area investor
HIGH-TRAFFIC LOCATION IN POPULOUS AND GROWING AREA
» High-traffic location along State Route 39 with excellent visibility
» 52,412 residents within a fifteen-mile radius of the property, establishing a large customer base for the site
» Beneficial proximity to Pomerene Hospital and Knox Community Hospital (combined 140 beds, 586 employees)
NEW 2021 CONSTRUCTION
» High-quality construction completed in 2021
» Features Dollar General’s latest prototype
Property Description
SOLD
The property has a high-traffic location along State Route 39. The site is also centrally located near several tourist attractions and community hubs. The property is located in a densely populated area, with 52,412 residents living within a 15-mile radius of the site.
Dollar General is poised to grow along with the location, with a projected nine percent average annual household income increase within one mile of the site in the next five years. The property maintains a beneficial proximity to Big Prairie’s primary healthcare providers, Pomerene Hospital and Knox Community Hospital (combined 140 beds, 586 employees).
