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Dollar General

1370 Belmont Ave, Youngstown, OH 44504

Listing Price: $1,969,275

Cap Rate
5.00%
Tenant Name
Dollar General
Years Remaining On Lease
9.7
Gross SF
7,489
Guarantor
Corporate Guarantee
Rentable SF
7,489
Price/Gross SF
$262.96
Lease Type
Absolute Net
Rent Per Square Feet
$13.15

Investment Overview

The subject offering affords both new and experienced investors the opportunity to acquire a corporately guaranteed, double-net lease Dollar General (NYSE: DG) property located in Youngstown, Ohio. The subject property has a historical dollar store presence and was previously a Family Dollar prior to Dollar General’s build-to-suit construction. The lease has just under 10 years remaining in its primary term and three (3) 5-yr options to renew with 10 percent increases in each option. Dollar General has performed extremely well throughout the COVID-19 pandemic providing essential services to towns like Youngstown and demonstrating their value to these communities at large. Given the company’s success during the unprecedented challenges of the last few years, it stands to reason that this impressive performance will be poised for continued growth on account of their recession-proof business model.

Investment Highlights

  • Absolute Net Lease
  • Corporate Guarantee
  • Lease Term: 9 years, 8 months

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s) OH: BRK.2007005898

    Ohio

Discount

Dollar General

Listing Price: $1,969,275

Cap Rate
5.00%
Tenant Name
Dollar General
Years Remaining On Lease
9.7
Gross SF
7,489
Guarantor
Corporate Guarantee
Rentable SF
7,489
Price/Gross SF
$262.96
Lease Type
Absolute Net
Rent Per Square Feet
$13.15

Investment Highlights

  • Absolute Net Lease
  • Corporate Guarantee
  • Lease Term: 9 years, 8 months

Investment Overview

The subject offering affords both new and experienced investors the opportunity to acquire a corporately guaranteed, double-net lease Dollar General (NYSE: DG) property located in Youngstown, Ohio. The subject property has a historical dollar store presence and was previously a Family Dollar prior to Dollar General’s build-to-suit construction. The lease has just under 10 years remaining in its primary term and three (3) 5-yr options to renew with 10 percent increases in each option. Dollar General has performed extremely well throughout the COVID-19 pandemic providing essential services to towns like Youngstown and demonstrating their value to these communities at large. Given the company’s success during the unprecedented challenges of the last few years, it stands to reason that this impressive performance will be poised for continued growth on account of their recession-proof business model.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s): OH: BRK.2007005898

    Ohio

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