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Dollar General

208 W Wapakoneta St, Waynesfield, OH 45896

Listing Price: $1,440,000

Cap Rate
6.10%
Tenant Name
Dollar General
Years Remaining On Lease
9.8
Gross SF
9,026
Guarantor
Corporate Guarantee
Rentable SF
9,026
Price/Gross SF
$159.54
Lease Type
Absolute Net
Rent Per Square Feet
$9.72

Investment Overview

Marcus & Millichap is pleased to offer for sale the fee simple interest in 208 West Wapakoneta Street (the Property), a 9,026-square-foot building in which Dollar General has ten years remaining on their original 15-year absolute triple net lease. The corporately guaranteed lease also features three, five-year renewal options, with 10% increases at the beginning of each option to offset inflation. The Property sits on a large 1.39-acre lot and is strategically located on State Highway 67, a northeast-southwest highway running through the state of Ohio. Nearby attractions include the Waynesfield Raceway Park just over a mile south of the Property, and the highly-rated Prairie View Golf Club located about two miles to the east. Additionally, the Property is conveniently located approximately 15 miles southeast of Lima, OH.

Investment Highlights

  • Absolute Triple Net Lease — Zero Landlord Responsibilities
  • 10 Years of Firm Term Remaining on Original 15 Year Lease & Numerous Renewal Options
  • Large 1.39-Acre Site — Strategically Located on State Highway 67
  • 10% Rental Increases in Each Renewal Option to Offset Inflation
  • Corporately Guaranteed Lease — Strong Credit Tenant

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (614) 360-9800

    License(s) OH: BRK.2007005898

    Ohio

Listing Price: $1,440,000

Cap Rate
6.10%
Tenant Name
Dollar General
Years Remaining On Lease
9.8
Gross SF
9,026
Guarantor
Corporate Guarantee
Rentable SF
9,026
Price/Gross SF
$159.54
Lease Type
Absolute Net
Rent Per Square Feet
$9.72

Investment Highlights

  • Absolute Triple Net Lease — Zero Landlord Responsibilities
  • 10 Years of Firm Term Remaining on Original 15 Year Lease & Numerous Renewal Options
  • Large 1.39-Acre Site — Strategically Located on State Highway 67
  • 10% Rental Increases in Each Renewal Option to Offset Inflation
  • Corporately Guaranteed Lease — Strong Credit Tenant

Investment Overview

Marcus & Millichap is pleased to offer for sale the fee simple interest in 208 West Wapakoneta Street (the Property), a 9,026-square-foot building in which Dollar General has ten years remaining on their original 15-year absolute triple net lease. The corporately guaranteed lease also features three, five-year renewal options, with 10% increases at the beginning of each option to offset inflation. The Property sits on a large 1.39-acre lot and is strategically located on State Highway 67, a northeast-southwest highway running through the state of Ohio. Nearby attractions include the Waynesfield Raceway Park just over a mile south of the Property, and the highly-rated Prairie View Golf Club located about two miles to the east. Additionally, the Property is conveniently located approximately 15 miles southeast of Lima, OH.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (614) 360-9800

    License(s): OH: BRK.2007005898

    Ohio

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