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Dollar General w/ Strong Demos | Dayton MSA | Larger Footprint Store | Full 2022 Renovation

3822 Springfield Xenia Rd, Springfield (Dayton MSA), OH 45506

Listing Price: $1,100,000

Cap Rate
8.00%
Tenant Name
Dollar General
Years Remaining On Lease
8.4
Gross SF
10,860
Guarantor
Corporate Guarantee
Rentable SF
10,860
Price/Gross SF
$101.29
Lease Type
Double Net
Rent Per Square Feet
$8.09

Investment Overview

Springfield is a city in and the county seat of Clark County, Ohio. The municipality is located in southwestern Ohio and is situated on the Mad River, Buck Creek, and Beaver Creek, approximately 45 miles west of Columbus and 25 miles northeast of Dayton. As of the 2020 census, the city had a total population of 58,662, while the Springfield metropolitan area had a population of 136,001 residents. Springfield is home to Wittenberg University, a liberal arts college. The Little Miami Scenic Trail, a paved rail-trail that is nearly 80 miles long, extends from the Buck Creek Scenic Trail head in Springfield south to Newtown, Ohio. In 1983, Newsweek magazine featured Springfield in its 50th-anniversary issue, entitled, “The American Dream.” It chronicled the effects of changes of the previous 50 years on five local families. In 2004, Springfield was chosen as an “All-America City.”

Investment Highlights

  • Long Term Lease Featuring 10% Rental Increases at Each Option. Brand New Parking Lot - Building Completely Renovated in 2022.
  • 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.
  • Features Easy Access and Excellent Visibility Along Major Artery with Direct Access to Downtown Springfield, OH. In Close Proximity to Interstate-70 (56k+ VPD).
  • Near Springfield-Beckley Municipal Airport - a Civil-Military Airport with more than 32k Aircraft Operations Annually. Three units of the Ohio Air National Guard are based at the co-located Springfield Air National Guard Base.
  • The Site Benefits from its Close Proximity to Downtown Springfield - Home to a Variety of Museums, Theaters, Music Venues, and Restaurants, Providing Residents and Visitors with a Wide Range of Activities to Enjoy.
  • Well Above Average Demographics for any Dollar General: Features more than 48k People Residing within a 5-Mile Radius.
  • Adjacent to Rocky Lakes Golf Course - a Popular 18 Hole Public Golf Course with a Full Bar and Restaurant on Site. In Close Proximity to Clark County Fairgrounds - the Second-Largest Fair in the State (only the Ohio State Fair is larger).
  • Minutes from Clark State College, Springfield - a Public Community College with more than 6,225 Students Currently Enrolled.

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 w/ Strong Demos | Dayton MSA | Larger Footprint Store | Full 2022 Renovation

Listing Price: $1,100,000

Cap Rate
8.00%
Tenant Name
Dollar General
Years Remaining On Lease
8.4
Gross SF
10,860
Guarantor
Corporate Guarantee
Rentable SF
10,860
Price/Gross SF
$101.29
Lease Type
Double Net
Rent Per Square Feet
$8.09

Investment Highlights

  • Long Term Lease Featuring 10% Rental Increases at Each Option. Brand New Parking Lot - Building Completely Renovated in 2022.
  • 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.
  • Features Easy Access and Excellent Visibility Along Major Artery with Direct Access to Downtown Springfield, OH. In Close Proximity to Interstate-70 (56k+ VPD).
  • Near Springfield-Beckley Municipal Airport - a Civil-Military Airport with more than 32k Aircraft Operations Annually. Three units of the Ohio Air National Guard are based at the co-located Springfield Air National Guard Base.
  • The Site Benefits from its Close Proximity to Downtown Springfield - Home to a Variety of Museums, Theaters, Music Venues, and Restaurants, Providing Residents and Visitors with a Wide Range of Activities to Enjoy.
  • Well Above Average Demographics for any Dollar General: Features more than 48k People Residing within a 5-Mile Radius.
  • Adjacent to Rocky Lakes Golf Course - a Popular 18 Hole Public Golf Course with a Full Bar and Restaurant on Site. In Close Proximity to Clark County Fairgrounds - the Second-Largest Fair in the State (only the Ohio State Fair is larger).
  • Minutes from Clark State College, Springfield - a Public Community College with more than 6,225 Students Currently Enrolled.

Investment Overview

Springfield is a city in and the county seat of Clark County, Ohio. The municipality is located in southwestern Ohio and is situated on the Mad River, Buck Creek, and Beaver Creek, approximately 45 miles west of Columbus and 25 miles northeast of Dayton. As of the 2020 census, the city had a total population of 58,662, while the Springfield metropolitan area had a population of 136,001 residents. Springfield is home to Wittenberg University, a liberal arts college. The Little Miami Scenic Trail, a paved rail-trail that is nearly 80 miles long, extends from the Buck Creek Scenic Trail head in Springfield south to Newtown, Ohio. In 1983, Newsweek magazine featured Springfield in its 50th-anniversary issue, entitled, “The American Dream.” It chronicled the effects of changes of the previous 50 years on five local families. In 2004, Springfield was chosen as an “All-America City.”

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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