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Dollar General

1901 Dorr St, Toledo, OH 43607

Listing Price: $2,155,000

Cap Rate
4.80%
Tenant Name
Dollar General
Years Remaining On Lease
15.2
Guarantor
Corporate Guarantee
Rentable SF
7,500
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$13.79

Investment Overview

NEW UPGRADED CONSTRUCTION DOLLAR GENERAL • Brand new upgraded construction Dollar General located in Toledo, OH. • This store is scheduled for Delivery in July 2022. 5 MILE POPULATION: 250,358 • The subject property is located in downtown Toledo and has 250,353 people in a 5 mile radius. • This Dollar General is located at the signalized intersection of Dorr St and Upton Ave (Combined 25,413 VPD). • Retailers in the area include Costco Wholesale, The Home Depot, Kroger, Best Buy and more. TOLEDO • Toledo is the 4th most-populous city in OH and 79th-largest city in the U.S. • Toledo is the county seat of Lucas County, OH and a major Midwestern port city. • Toledo has become well known for its industry in auto assembly and glass (hence the nickname “The Glass City”). • Home to the Detroit Tigers’ triple-A professional baseball affiliate, bringing in around 540,000 visitors per year. THE UNIVERSITY OF TOLEDO • The University of Toledo is less than 1 mile away from this Dollar General on Dorr St. (17,450 VPD). • The University of Toledo has 20,381 Students and 1,069 faculty members. • Since its establishment, the university has physically expanded to include more than 100 major buildings with a combined area of more 1,400 acres. • The University of Toledo offers over 250 academic programs and is ranked among the top 100 public universities. NEW 15 YEAR CORPORATE NNN LEASE • Brand new 15-year corporate guaranteed NNN lease with Dollar General. • Tenant is 100% responsible for all expenses including taxes, insurance, CAM, roof and structure. • There are 10% rent increases in each of the Five, 5-year option periods. INVESTMENT GRADE TENANT • Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB. • Currently over 18,200 locations and expanding by 1,000 stores each year. • Dollar General has been in business for 83 years and has a current net worth of over $54.4 billion.

Investment Highlights

  • 2022 Upgraded Dollar General | Delivery July 2022
  • 5 Mile Pop 250,358
  • 1 Mile From University Of Toledo (20,381 Students)
  • 15-Year NNN Lease
  • Investment Grade Tenant | 18,200 + Locations

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s) OH: BRK.2007005898

    Ohio

Financing By

Discount

Dollar General

Listing Price: $2,155,000

Cap Rate
4.80%
Tenant Name
Dollar General
Years Remaining On Lease
15.2
Guarantor
Corporate Guarantee
Rentable SF
7,500
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$13.79

Investment Highlights

  • 2022 Upgraded Dollar General | Delivery July 2022
  • 5 Mile Pop 250,358
  • 1 Mile From University Of Toledo (20,381 Students)
  • 15-Year NNN Lease
  • Investment Grade Tenant | 18,200 + Locations

Investment Overview

NEW UPGRADED CONSTRUCTION DOLLAR GENERAL • Brand new upgraded construction Dollar General located in Toledo, OH. • This store is scheduled for Delivery in July 2022. 5 MILE POPULATION: 250,358 • The subject property is located in downtown Toledo and has 250,353 people in a 5 mile radius. • This Dollar General is located at the signalized intersection of Dorr St and Upton Ave (Combined 25,413 VPD). • Retailers in the area include Costco Wholesale, The Home Depot, Kroger, Best Buy and more. TOLEDO • Toledo is the 4th most-populous city in OH and 79th-largest city in the U.S. • Toledo is the county seat of Lucas County, OH and a major Midwestern port city. • Toledo has become well known for its industry in auto assembly and glass (hence the nickname “The Glass City”). • Home to the Detroit Tigers’ triple-A professional baseball affiliate, bringing in around 540,000 visitors per year. THE UNIVERSITY OF TOLEDO • The University of Toledo is less than 1 mile away from this Dollar General on Dorr St. (17,450 VPD). • The University of Toledo has 20,381 Students and 1,069 faculty members. • Since its establishment, the university has physically expanded to include more than 100 major buildings with a combined area of more 1,400 acres. • The University of Toledo offers over 250 academic programs and is ranked among the top 100 public universities. NEW 15 YEAR CORPORATE NNN LEASE • Brand new 15-year corporate guaranteed NNN lease with Dollar General. • Tenant is 100% responsible for all expenses including taxes, insurance, CAM, roof and structure. • There are 10% rent increases in each of the Five, 5-year option periods. INVESTMENT GRADE TENANT • Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB. • Currently over 18,200 locations and expanding by 1,000 stores each year. • Dollar General has been in business for 83 years and has a current net worth of over $54.4 billion.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s): OH: BRK.2007005898

    Ohio

Financing By

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