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New Construction Dollar General | New 15 Year Abs. Net Lease

1860 Elm Rd NE, Warren, OH 44483

Listing Price: $1,817,000

Cap Rate
5.65%
Tenant Name
Dollar General
Years Remaining On Lease
15.0
Guarantor
Corporate Guarantee
Rentable SF
10,640
Lease Type
Absolute Net
Rent Per Square Feet
$9.65

Investment Overview

Marcus & Millichap is pleased to bring to market Dollar General, located in Warren, OH.

Investment Highlights

  • New Construction Dollar General Location with a 15-Year Absolute Net Lease, Expected to Open in November 2022
  • No Landlord Responsibilities | Corporately Guaranteed Lease by Dollar General (NYSE: DG)
  • Five, Five-Year Renewal Options With 10% Rental Increases in Each Option
  • Situated in a Dense Retail and Residential Corridor Near Multiple National Tenants Along Elm Road (14,100+ VPD) | Proximity to Warren Outerbelt (30,000+ VPD)
  • Strong Demographics: Population of 81,500+ within Five-Miles | Average Household Incomes Exceed $58,000+ within Five-Miles

Exclusively Listed By

  • Colby Haugness

    First Vice President Investments

    (813) 387-4811

    Email Colby

    License(s): WA: 24012, OH: BRKP.2017005012, KY: 242197, MO: 2018032367, KS: 00241410, FL: BK3530505

    Tampa

  • Darpan Patel

    First Vice President Investments

    (813) 387-4812

    Email Darpan

    License(s): OH: SAL 2012000748

    Tampa

  • Dan Yozwiak

    First Vice President Investments

    (614) 360-9036

    Email Dan

    License(s): OH: SAL.2008003600

    Columbus

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (614) 360-9800

    License(s) OH: BRK.2007005898

    Ohio

Financing By

Discount

New Construction Dollar General | New 15 Year Abs. Net Lease

Listing Price: $1,817,000

Cap Rate
5.65%
Tenant Name
Dollar General
Years Remaining On Lease
15.0
Guarantor
Corporate Guarantee
Rentable SF
10,640
Lease Type
Absolute Net
Rent Per Square Feet
$9.65

Investment Highlights

  • New Construction Dollar General Location with a 15-Year Absolute Net Lease, Expected to Open in November 2022
  • No Landlord Responsibilities | Corporately Guaranteed Lease by Dollar General (NYSE: DG)
  • Five, Five-Year Renewal Options With 10% Rental Increases in Each Option
  • Situated in a Dense Retail and Residential Corridor Near Multiple National Tenants Along Elm Road (14,100+ VPD) | Proximity to Warren Outerbelt (30,000+ VPD)
  • Strong Demographics: Population of 81,500+ within Five-Miles | Average Household Incomes Exceed $58,000+ within Five-Miles

Investment Overview

Marcus & Millichap is pleased to bring to market Dollar General, located in Warren, OH.

Exclusively Listed By

  • Colby Haugness

    First Vice President Investments

    (813) 387-4811

    Email Colby

    License(s): WA: 24012, OH: BRKP.2017005012, KY: 242197, MO: 2018032367, KS: 00241410, FL: BK3530505

    Tampa

  • Darpan Patel

    First Vice President Investments

    (813) 387-4812

    Email Darpan

    License(s): OH: SAL 2012000748

    Tampa

  • Dan Yozwiak

    First Vice President Investments

    (614) 360-9036

    Email Dan

    License(s): OH: SAL.2008003600

    Columbus

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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