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Dollar General (Toledo MSA)

1156 S Main St, Clyde, OH 43410

Listing Price: $2,016,000

Cap Rate
6.35%
Tenant Name
Dollar General
Years Remaining On Lease
15.3
Guarantor
Corporate Guarantee
Rentable SF
12,480
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$10.26

Investment Overview

NEW UPGRADED 12,480 SF 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.
• The store is scheduled for delivery in November 2023.

NEAR WORLD’ S L ARGEST KET CHUP PLANT (HEINZ) WITH OVER 500 EMPLOYEES
• The subject property is located 8 miles southeast of the world’s largest ketchup plant operated by Heinz in Fremont, OH.
• This Heinz Ketchup plant employs over 500 people and produces nearly 34 million cases of ketchup every year which is 80% of the ketchup sold in the United States.
• National Retailers in Fremont include Lowe’s Home Improvement, Kroger, Harbor Freight Tools, Buffalo Wild Wings and more.
• Fremont is the county seat of Sandusky county.

TOLEDO MSA | 4TH LARGEST CITY IN OH
• This Dollar General is located 40 miles southeast of Toledo and is a part of the MSA.
• Toledo is the 4th most-populous city in OH and 79th-largest city in the U.S.
• Toledo is the county seat of Lucas County, OH and a major Midwestern port city.
• Toledo has become well known for its industry in auto assembly and glass (hence the nickname “The Glass City”).
• Home to the Detroit Tigers’ triple-A professional baseball affiliate, bringing in around 540,000 visitors per year.

NEW 15- YEAR CORPORATE 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
  • Toledo MSA 4th Largest City In OH
  • Near World's Largest Ketchup Plant (Heinz) With Over 500 Employees
  • 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

    (614) 360-9800

    License(s) OH: BRK.2007005898

    Ohio

Financing By

Discount

Dollar General (Toledo MSA)

Listing Price: $2,016,000

Cap Rate
6.35%
Tenant Name
Dollar General
Years Remaining On Lease
15.3
Guarantor
Corporate Guarantee
Rentable SF
12,480
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$10.26

Investment Highlights

  • New 12,480 SF Upgraded Dollar General Market
  • Toledo MSA 4th Largest City In OH
  • Near World's Largest Ketchup Plant (Heinz) With Over 500 Employees
  • 15 Year Corporate NNN Lease
  • Investment Grade Tenant | 19,300 + Locations

Investment Overview

NEW UPGRADED 12,480 SF 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. • The store is scheduled for delivery in November 2023. NEAR WORLD’ S L ARGEST KET CHUP PLANT (HEINZ) WITH OVER 500 EMPLOYEES • The subject property is located 8 miles southeast of the world’s largest ketchup plant operated by Heinz in Fremont, OH. • This Heinz Ketchup plant employs over 500 people and produces nearly 34 million cases of ketchup every year which is 80% of the ketchup sold in the United States. • National Retailers in Fremont include Lowe’s Home Improvement, Kroger, Harbor Freight Tools, Buffalo Wild Wings and more. • Fremont is the county seat of Sandusky county. TOLEDO MSA | 4TH LARGEST CITY IN OH • This Dollar General is located 40 miles southeast of Toledo and is a part of the MSA. • Toledo is the 4th most-populous city in OH and 79th-largest city in the U.S. • Toledo is the county seat of Lucas County, OH and a major Midwestern port city. • Toledo has become well known for its industry in auto assembly and glass (hence the nickname “The Glass City”). • Home to the Detroit Tigers’ triple-A professional baseball affiliate, bringing in around 540,000 visitors per year. NEW 15- YEAR CORPORATE 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

    (614) 360-9800

    License(s): OH: BRK.2007005898

    Ohio

Financing By

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