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Dollar General w/ Strong Demos | Cincinnati | 15 Yr Absolute Net Lease | Brand New 2022 Construction

3315 Stephens Dr, Cincinnati, OH 45011

Listing Price: $1,655,756

Cap Rate
6.15%
Tenant Name
Dollar General
Years Remaining On Lease
14.2
Gross SF
10,640
Guarantor
Corporate Guarantee
Rentable SF
10,640
Price/Gross SF
$155.62
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$9.57

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 NNN Lease Featuring 10% Rental Increases at Each Option. Brand New 2022 Construction.
  • Features Easy Access & Excellent Visibility near a Signalized Intersection with Daily Combined Traffic Counts Exceeding 30k 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 $88k and over 158k People Residing within a 5-Mile Radius.
  • In Close Proximity to Numerous National Retailers including Walmart Supercenter, Menards, The Home Depot, Target, Hobby Lobby, Best Buy, Kohl's and more.
  • Directly Across from Butler County Regional Airport Hogan Field - the Airport has more than 61k Aircraft Operations Annually.

Exclusively Listed By

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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Dollar General w/ Strong Demos | Cincinnati | 15 Yr Absolute Net Lease | Brand New 2022 Construction

Listing Price: $1,655,756

Cap Rate
6.15%
Tenant Name
Dollar General
Years Remaining On Lease
14.2
Gross SF
10,640
Guarantor
Corporate Guarantee
Rentable SF
10,640
Price/Gross SF
$155.62
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$9.57

Investment Highlights

  • Long Term NNN Lease Featuring 10% Rental Increases at Each Option. Brand New 2022 Construction.
  • Features Easy Access & Excellent Visibility near a Signalized Intersection with Daily Combined Traffic Counts Exceeding 30k 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 $88k and over 158k People Residing within a 5-Mile Radius.
  • In Close Proximity to Numerous National Retailers including Walmart Supercenter, Menards, The Home Depot, Target, Hobby Lobby, Best Buy, Kohl's and more.
  • Directly Across from Butler County Regional Airport Hogan Field - the Airport has more than 61k Aircraft Operations Annually.

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

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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