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Dollar General w/ Strong Demos | Cincinnati | Long Term Absolute Net Lease | Brand New Construction

785 S Erie Blvd, Cincinnati, OH 45011

Listing Price: $2,056,292

Cap Rate
5.15%
Tenant Name
Dollar General
Years Remaining On Lease
12.9
Gross SF
7,489
Guarantor
Corporate Guarantee
Rentable SF
7,489
Price/Gross SF
$274.57
Lease Type
Absolute Net
Rent Per Square Feet
$14.14

Investment Overview

Cincinnati is a city in the U.S. state of Ohio and the county seat of Hamilton County. Settled in 1788, the city is located at the northern side of the confluence of the Licking and Ohio rivers, the latter of which marks the state line with Kentucky. The city is the economic and cultural hub of the Cincinnati metropolitan area. With an estimated population of 2,256,884, it is Ohio’s largest metropolitan area and the nation’s 30th-largest, and with a city population of 309,317, Cincinnati is the third-largest city in Ohio and 64th in the United States. Metropolitan Cincinnati has the twenty-eighth largest economy in the United States and the fifth largest in the Midwest, after Chicago, Minneapolis-St. Paul, Detroit, and St. Louis. In 2016, it had the fastest-growing Midwestern economic capital. Due to its abundant amenities, Cincinnati is a magnet for start-ups. The gross domestic product for the region was $127 billion in 2015. The median home price is $158,200, and the cost of living in Cincinnati is 8% below national average. The unemployment rate is also below the average at 4.2%. Several Fortune 500 companies are headquartered in Cincinnati, such as Procter & Gamble, The Kroger Company, and Fifth Third Bank. General Electric has headquartered their Global Operations Center in Cincinnati. The Kroger Company employs 21,646 people locally, making it the largest employer in the city, and the University of Cincinnati is the second largest at 16,000.

Investment Highlights

  • Long Term Absolute Net Lease (Zero Landlord Obligations) Featuring 10% Rental Increases at Each Option. Brand New Construction.
  • Positioned Along Area's Retail & Traffic Corridor - Features Easy Access & Excellent Visibility with Daily Traffic Counts Exceeding 20k Vehicles.
  • Ranked #91 on the Fortune 500 List. Dollar General (NYSE: DG) Features Investment Grade Credit Rating "BBB" by S&P's and Annual Revenue Exceeding $34.22 Billion.
  • Well Above Average Demographics for any Dollar General: Features an Average Household Income of more than $80k and over 138k People Residing within a 5-Mile Radius.
  • In Close Proximity to Numerous National Retailers including Kroger, Walmart Supercenter, Menards, The Home Depot, Target, Hobby Lobby, CVS and many more.
  • Minutes from Miami University Hamilton - one of three regional campuses of Miami University Ohio with a Current Enrollment or more than 2,510+ Students.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (614) 360-9800

    License(s) OH: BRK.2007005898

    Ohio

Financing By

Discount

Dollar General w/ Strong Demos | Cincinnati | Long Term Absolute Net Lease | Brand New Construction

Listing Price: $2,056,292

Cap Rate
5.15%
Tenant Name
Dollar General
Years Remaining On Lease
12.9
Gross SF
7,489
Guarantor
Corporate Guarantee
Rentable SF
7,489
Price/Gross SF
$274.57
Lease Type
Absolute Net
Rent Per Square Feet
$14.14

Investment Highlights

  • Long Term Absolute Net Lease (Zero Landlord Obligations) Featuring 10% Rental Increases at Each Option. Brand New Construction.
  • Positioned Along Area's Retail & Traffic Corridor - Features Easy Access & Excellent Visibility with Daily Traffic Counts Exceeding 20k Vehicles.
  • Ranked #91 on the Fortune 500 List. Dollar General (NYSE: DG) Features Investment Grade Credit Rating "BBB" by S&P's and Annual Revenue Exceeding $34.22 Billion.
  • Well Above Average Demographics for any Dollar General: Features an Average Household Income of more than $80k and over 138k People Residing within a 5-Mile Radius.
  • In Close Proximity to Numerous National Retailers including Kroger, Walmart Supercenter, Menards, The Home Depot, Target, Hobby Lobby, CVS and many more.
  • Minutes from Miami University Hamilton - one of three regional campuses of Miami University Ohio with a Current Enrollment or more than 2,510+ Students.

Investment Overview

Cincinnati is a city in the U.S. state of Ohio and the county seat of Hamilton County. Settled in 1788, the city is located at the northern side of the confluence of the Licking and Ohio rivers, the latter of which marks the state line with Kentucky. The city is the economic and cultural hub of the Cincinnati metropolitan area. With an estimated population of 2,256,884, it is Ohio’s largest metropolitan area and the nation’s 30th-largest, and with a city population of 309,317, Cincinnati is the third-largest city in Ohio and 64th in the United States. Metropolitan Cincinnati has the twenty-eighth largest economy in the United States and the fifth largest in the Midwest, after Chicago, Minneapolis-St. Paul, Detroit, and St. Louis. In 2016, it had the fastest-growing Midwestern economic capital. Due to its abundant amenities, Cincinnati is a magnet for start-ups. The gross domestic product for the region was $127 billion in 2015. The median home price is $158,200, and the cost of living in Cincinnati is 8% below national average. The unemployment rate is also below the average at 4.2%. Several Fortune 500 companies are headquartered in Cincinnati, such as Procter & Gamble, The Kroger Company, and Fifth Third Bank. General Electric has headquartered their Global Operations Center in Cincinnati. The Kroger Company employs 21,646 people locally, making it the largest employer in the city, and the University of Cincinnati is the second largest at 16,000.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (614) 360-9800

    License(s): OH: BRK.2007005898

    Ohio

Financing By

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