Discount
Dollar General (Cleveland MSA)
US-20, Wakeman, OH 44889
Listing Price: $2,182,000
Investment Overview
NEW UPGRADED RELOCATION DOLLAR GENERAL MARKET
• The subject property is a 12,480 SF upgraded construction Dollar General Market.
• DG Market is a combo store with fresh produce, milk, meats and other groceries added to Dollar General’s usual mix of low-price general merchandise.
• This Dollar General is a relocation and expansion of an existing store in the area showing Dollar Generals commitment to the Wakeman Market.
• The store is scheduled for delivery in January 2024.
NEAR SANDUSKY, OH | 11 MILLION TOURIST PER YEAR
• This Dollar General is located in Wakeman and is only 30 minutes southeast of Sandusky, OH. The 5 mile household income is $73,191 which is superior to most Dollar General Locations.
• Sandusky is positioned on the shores of Lake Erie and is the county seat of Erie County with over 77,000 residents.
• Sandusky and the Lake Erie Islands are known in the region as “Vacationland” as they attract over 11 million tourists annually that generate $184.8 Million to the economy every year.
CLEVELAND MSA | 2ND LARGEST CITY IN OH
• The subject property is 45 miles Southwest of Cleveland and only 25 miles southeast of Sandusky, OH.
• Cleveland has a population of 385,525, making it the 2nd largest city in Ohio and the 51st largest city in the United States. Cleveland is also the county seat of Cuyahoga County.
• Cleveland is a manufacturing center due to its location on the southern shore of Lake Erie and connects many canals and railroad lines. Cleveland’s other economic drivers include financial services, healthcare, and biomedicals.
• Cleveland is home to the Rock and Roll Hall of Fame and the Playhouse Square Center, which is the second-largest performing arts center in the United States.
• Home to multiple professional sports teams including the NFL’s Cleveland Browns, the NBA’s Cleveland Cavaliers, and the MLB’s Cleveland Indians.
NEW 15- YEAR C ORPORATE NNN LEASE
• Brand new 15-year corporate guaranteed NNN Lease with Dollar General.
• Tenant is 100% responsible for all expenses including taxes, insurance, parking lot, roof and structure.
• There are 10% rent increases in each of the Five, 5-year option periods.
INVESTMENT GRADE TENANT
• Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB.
• Currently over 19,300 locations and expanding by 1,050 stores each year.
• Dollar General has been in business for 83 years and has a current net worth of over $54.4 billion
Investment Highlights
- New 12,480 SF Upgraded Dollar General Market
- Relocation Store
- Near Sandusky, OH 11M Tourists Per Year
- Cleveland MSA 2ND Largest City In OH
- 15 Year Corporate NNN Lease
- Investment Grade Tenant | 19,300 + Locations
Exclusively Listed By
Broker of Record
-
Michael L. Glass
Senior Vice President / Division Manager
Financing By
Listing Price: $2,182,000
Investment Highlights
- New 12,480 SF Upgraded Dollar General Market
- Relocation Store
- Near Sandusky, OH 11M Tourists Per Year
- Cleveland MSA 2ND Largest City In OH
- 15 Year Corporate NNN Lease
- Investment Grade Tenant | 19,300 + Locations
Investment Overview
NEW UPGRADED RELOCATION DOLLAR GENERAL MARKET • The subject property is a 12,480 SF upgraded construction Dollar General Market. • DG Market is a combo store with fresh produce, milk, meats and other groceries added to Dollar General’s usual mix of low-price general merchandise. • This Dollar General is a relocation and expansion of an existing store in the area showing Dollar Generals commitment to the Wakeman Market. • The store is scheduled for delivery in January 2024. NEAR SANDUSKY, OH | 11 MILLION TOURIST PER YEAR • This Dollar General is located in Wakeman and is only 30 minutes southeast of Sandusky, OH. The 5 mile household income is $73,191 which is superior to most Dollar General Locations. • Sandusky is positioned on the shores of Lake Erie and is the county seat of Erie County with over 77,000 residents. • Sandusky and the Lake Erie Islands are known in the region as “Vacationland” as they attract over 11 million tourists annually that generate $184.8 Million to the economy every year. CLEVELAND MSA | 2ND LARGEST CITY IN OH • The subject property is 45 miles Southwest of Cleveland and only 25 miles southeast of Sandusky, OH. • Cleveland has a population of 385,525, making it the 2nd largest city in Ohio and the 51st largest city in the United States. Cleveland is also the county seat of Cuyahoga County. • Cleveland is a manufacturing center due to its location on the southern shore of Lake Erie and connects many canals and railroad lines. Cleveland’s other economic drivers include financial services, healthcare, and biomedicals. • Cleveland is home to the Rock and Roll Hall of Fame and the Playhouse Square Center, which is the second-largest performing arts center in the United States. • Home to multiple professional sports teams including the NFL’s Cleveland Browns, the NBA’s Cleveland Cavaliers, and the MLB’s Cleveland Indians. NEW 15- YEAR C ORPORATE NNN LEASE • Brand new 15-year corporate guaranteed NNN Lease with Dollar General. • Tenant is 100% responsible for all expenses including taxes, insurance, parking lot, roof and structure. • There are 10% rent increases in each of the Five, 5-year option periods. INVESTMENT GRADE TENANT • Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB. • Currently over 19,300 locations and expanding by 1,050 stores each year. • Dollar General has been in business for 83 years and has a current net worth of over $54.4 billion
Exclusively Listed By
Broker of Record
-
Michael L. Glass
Senior Vice President / Division Manager
Financing By

