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Dollar General | 5% Rent Increases Every 5 Years

325 W Main St, Delta, OH 43515

Listing Price: $2,402,640

Cap Rate
6.45%
Tenant Name
Dollar General
Years Remaining On Lease
15.3
Guarantor
Corporate Guarantee
Rentable SF
12,687
Lease Type
Absolute Net
Rent Per Square Feet
$12.21

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale a brand new 2024 construction Dollar General. The Lease is Dollar General's new generation lease structure, featuring 15 years of lease term guaranteed by DG Retail, LLC (Dollar General Corporate, featuring an S&P "BBB" credit rating) and 5% rent increases every 5-years throughout the lease term and all options, providing an investor a hedge against inflation. The lease type is Absolute NNN with the Landlord having no management or repair responsibilities. The Property benefits from its large 1.41 acre lot and its location directly on located on E Main St. / SR 2 (8,740+ VPD), the main arterial through Delta and a major route through Ohio. The Property is ideally located down the street (<5 minutes) from North Star BlueScope Steel (385+ employees), BlueScope Recycling and Materials (45+ employees), Fulton County Processing (55+ employees), Nova Steel Structural Tube (100+ employees), and Worthington Industries (150+ employees) - providing over 735 people a direct market between work and home. With prime frontage and easy ingress/egress into the lot, the Property is well positioned for customers. Dollar General operates 20,000+ stores in 48 states and in the 2023 fiscal year saw $38.7 Billion in sales nationwide. The Property is located on the main Delta, OH retail strip, in the Toledo, OH MSA (40 minute drive).

Investment Highlights

  • New Construction / Long-Term 15-Year Lease
  • Absolute NNN Lease w/ Rent Increases in Firm Term and Options
  • Strategically Located / Prime Frontage
  • Located Directly Across from Edgeview Community / Edgerton High School
  • Relocation Store
  • Dollar General Continuous Growth
  • Corporate Guarantee (S&P "BBB") / National Tenant
  • Recession Proof / Essential Tenant

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 | 5% Rent Increases Every 5 Years

Listing Price: $2,402,640

Cap Rate
6.45%
Tenant Name
Dollar General
Years Remaining On Lease
15.3
Guarantor
Corporate Guarantee
Rentable SF
12,687
Lease Type
Absolute Net
Rent Per Square Feet
$12.21

Investment Highlights

  • New Construction / Long-Term 15-Year Lease
  • Absolute NNN Lease w/ Rent Increases in Firm Term and Options
  • Strategically Located / Prime Frontage
  • Located Directly Across from Edgeview Community / Edgerton High School
  • Relocation Store
  • Dollar General Continuous Growth
  • Corporate Guarantee (S&P "BBB") / National Tenant
  • Recession Proof / Essential Tenant

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale a brand new 2024 construction Dollar General. The Lease is Dollar General's new generation lease structure, featuring 15 years of lease term guaranteed by DG Retail, LLC (Dollar General Corporate, featuring an S&P "BBB" credit rating) and 5% rent increases every 5-years throughout the lease term and all options, providing an investor a hedge against inflation. The lease type is Absolute NNN with the Landlord having no management or repair responsibilities. The Property benefits from its large 1.41 acre lot and its location directly on located on E Main St. / SR 2 (8,740+ VPD), the main arterial through Delta and a major route through Ohio. The Property is ideally located down the street (<5 minutes) from North Star BlueScope Steel (385+ employees), BlueScope Recycling and Materials (45+ employees), Fulton County Processing (55+ employees), Nova Steel Structural Tube (100+ employees), and Worthington Industries (150+ employees) - providing over 735 people a direct market between work and home. With prime frontage and easy ingress/egress into the lot, the Property is well positioned for customers. Dollar General operates 20,000+ stores in 48 states and in the 2023 fiscal year saw $38.7 Billion in sales nationwide. The Property is located on the main Delta, OH retail strip, in the Toledo, OH MSA (40 minute drive).

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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