Discount
Dollar General (Cleveland MSA)
9939 Kinsman Rd, Newbury, OH 44072
Listing Price: $2,394,000
Investment Overview
NEW 15 YR NNN “NE XT GEN” DG LEASE W ITH 5 % BUMPS IN INITIAL LEASE & OPTIONS
• This property features Dollar General’s “next gen” lease with 5% rent increases every 5 years in the new 15 year corporate guaranteed NNN Lease with Dollar General.
• Tenant is 100% responsible for all expenses including taxes, insurance, CAM, roof and structure.
• There are 5% rent increases in each of the five, 5-year option periods.
NEW UPGRADED CONSTRUCTION DOLLAR GENERAL
• This new upgraded construction Dollar General is 10,640 SF and sits on over 8 acres.
• The store is scheduled for delivery in January 2024.
AFFULENT CLEVELAND SUBURB | AVG . HHI $ 108 ,951
• Newbury is an affluent suburb 28 miles east of downtown Cleveland.
• The 5 Mile average household income is $108,951.
• 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.
• Home to multiple professional sports teams including the NFL’s Cleveland Browns, the NBA’s Cleveland Cavaliers, and the MLB’s Cleveland Indians.
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 1,000 stores each year.
• Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion.
Investment Highlights
- New 15 YR NNN "Next Gen" DG Lease With 5% Bumps In Initial Lease & Options
- New Upgraded Construction Dollar General
- Affluent Cleveland Suburb | AVG. HHI $108,951
- Investment Grade Tenant
Exclusively Listed By
Broker of Record
-
Michael L. Glass
Senior Vice President / Division Manager
Financing By
Listing Price: $2,394,000
Investment Highlights
- New 15 YR NNN "Next Gen" DG Lease With 5% Bumps In Initial Lease & Options
- New Upgraded Construction Dollar General
- Affluent Cleveland Suburb | AVG. HHI $108,951
- Investment Grade Tenant
Investment Overview
NEW 15 YR NNN “NE XT GEN” DG LEASE W ITH 5 % BUMPS IN INITIAL LEASE & OPTIONS • This property features Dollar General’s “next gen” lease with 5% rent increases every 5 years in the new 15 year corporate guaranteed NNN Lease with Dollar General. • Tenant is 100% responsible for all expenses including taxes, insurance, CAM, roof and structure. • There are 5% rent increases in each of the five, 5-year option periods. NEW UPGRADED CONSTRUCTION DOLLAR GENERAL • This new upgraded construction Dollar General is 10,640 SF and sits on over 8 acres. • The store is scheduled for delivery in January 2024. AFFULENT CLEVELAND SUBURB | AVG . HHI $ 108 ,951 • Newbury is an affluent suburb 28 miles east of downtown Cleveland. • The 5 Mile average household income is $108,951. • 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. • Home to multiple professional sports teams including the NFL’s Cleveland Browns, the NBA’s Cleveland Cavaliers, and the MLB’s Cleveland Indians. 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 1,000 stores each year. • Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion.
Exclusively Listed By
Broker of Record
-
Michael L. Glass
Senior Vice President / Division Manager
Financing By

