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Bite Sized Dollar General

17 S Gamble St, Shelby, OH 44875

Listing Price: $671,000

Cap Rate
7.25%
Tenant Name
Dollar General
Years Remaining On Lease
5.1
Guarantor
Corporate Guarantee
Rentable SF
10,640
Lease Type
Double Net
Rent Per Square Feet
$4.20

Investment Overview

Marcus & Millichap is pleased to present the Dollar General located Shelby, Ohio.

This Dollar General property is located off of South Gamble Street in the heart of Shelby. The location is perfectly positioned with excellent exposure directly off Main Street. There are several national retailers nearby which help to drive traffic including Save-a-Lot, Domino’s, Subway, KFC, Family Dollar, IGA, McDonald’s, Taco Bell and Wendy’s.

Within the last year, Shelby, OH has started a downtown revitalization project that includes building a new Black Fork Commons Plaza, repairing the Main Street Streetscape, and the Black Fork Trail and Stream Restoration. With this new plaza as well as other construction and renovations, planned to be completed by June 2023, Shelby is preparing for a very busy summer full of locals and guest visiting the main street shoppes and checking out the new and improved town.

Dollar General (NYSE: DG) is the largest small-box discount retailer in the United States with over 19,200 stores. For the 2022 fiscal year, the company report total sales exceeding $37.8 Billion and an overall net worth over $47.81 Billion. S&P has granted Dollar General an investment grade credit of ‘BBB.’ Dollar General embraces store growth as its model for expansion as they opened over 1,000 stores in 2022 with over 3,000 new real estate projects planned for 2023. Dollar General’s site selection and operations continue to impress with the company posting 31 consecutive years of same-store sales growth.

Investment Highlights

  • Seven-Year Lease Extension Signed in February 2022
  • Over 22 Year Operating History at this Location
  • Top 14 Percent Nationwide Across all Dollar General Locations (Number of Visits) [placer.ai]
  • Bite-Sized Price Point
  • Positioned Down the Street from the OhioHealth Shelby Hospital | Nationally Ranked Heart and Vascular Care

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (614) 360-9800

    License(s) OH: BRK.2007005898

    Ohio

Discount

Bite Sized Dollar General

Listing Price: $671,000

Cap Rate
7.25%
Tenant Name
Dollar General
Years Remaining On Lease
5.1
Guarantor
Corporate Guarantee
Rentable SF
10,640
Lease Type
Double Net
Rent Per Square Feet
$4.20

Investment Highlights

  • Seven-Year Lease Extension Signed in February 2022
  • Over 22 Year Operating History at this Location
  • Top 14 Percent Nationwide Across all Dollar General Locations (Number of Visits) [placer.ai]
  • Bite-Sized Price Point
  • Positioned Down the Street from the OhioHealth Shelby Hospital | Nationally Ranked Heart and Vascular Care

Investment Overview

Marcus & Millichap is pleased to present the Dollar General located Shelby, Ohio. This Dollar General property is located off of South Gamble Street in the heart of Shelby. The location is perfectly positioned with excellent exposure directly off Main Street. There are several national retailers nearby which help to drive traffic including Save-a-Lot, Domino’s, Subway, KFC, Family Dollar, IGA, McDonald’s, Taco Bell and Wendy’s. Within the last year, Shelby, OH has started a downtown revitalization project that includes building a new Black Fork Commons Plaza, repairing the Main Street Streetscape, and the Black Fork Trail and Stream Restoration. With this new plaza as well as other construction and renovations, planned to be completed by June 2023, Shelby is preparing for a very busy summer full of locals and guest visiting the main street shoppes and checking out the new and improved town. Dollar General (NYSE: DG) is the largest small-box discount retailer in the United States with over 19,200 stores. For the 2022 fiscal year, the company report total sales exceeding $37.8 Billion and an overall net worth over $47.81 Billion. S&P has granted Dollar General an investment grade credit of ‘BBB.’ Dollar General embraces store growth as its model for expansion as they opened over 1,000 stores in 2022 with over 3,000 new real estate projects planned for 2023. Dollar General’s site selection and operations continue to impress with the company posting 31 consecutive years of same-store sales growth.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (614) 360-9800

    License(s): OH: BRK.2007005898

    Ohio

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