Discount
Dollar General
35 S High St, Mowrystown, OH 45171
Listing Price: $1,660,000
Investment Overview
LOWER RENT & PRICE POINT
• This Dollar General has a lower rent compared to most new construction Dollar General’s which equates to a lower price point of $1.6 million.
15 YEAR NNN CORPORATE LEASE WITH RENTAL INCREASES
• This property features Dollar General’s “next gen” Lease with 5% rent increases every 5 years in the 15-year corporate guaranteed NNN lease with Dollar General.
• This store opened and rent commenced in August 2023 so there are 14 years remaining on the 15 year NNN lease.
• 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.
INVESTMENT GRADE TENANT (S&P: BBB) W/ 20,000 LOCATIONS
• Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB.
• Currently over 20,000 locations and plans to open 800 stores in 2024.
• Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion.
NEAR CINCINNATI | 3RD LARGEST CITY IN OHIO
• The subject property is located 45 minutes east of downtown Cincinnati of off Highway 32 (12,267 VPD)
• The city is the economic and cultural hub of the Cincinnati metropolitan area. With an estimated population of 2,256,884, it is Ohio’s largest metropolitan area and the nation’s 30th-largest.
• Metropolitan Cincinnati has the twenty-eighth largest economy in the United States and the fifth largest in the Midwest
• Cincinnati is home to three major sports teams: the Cincinnati Reds of Major League Baseball; the Cincinnati Bengals of the National Football League; and FC Cincinnati of Major League Soccer.
• The city’s largest institution of higher education, the University of Cincinnati is now ranked as one of the 50 largest in the United States with nearly 30,000 students.
HILLSBORO, OH | COUNTY SEAT
• Hillsboro is the county seat of Highland county. Highland County has a population of 43,317 and experienced a 15.6% increase in median household income within the last 12 months.
• National retailers in Hillsboro include Lowe’s Home Improvement, Walmart, Kroger, Tractor Supply, and more.
• Highland District Hospital is located in Hillsboro and employs over 400 people in the county.
• Home to Southern State Community College that has 2,722 students and 100 faculty members.
LIMITED COMPETITION
• This is the only Dollar/Grocery store in Mowrystown, OH
• The nearest Dollar Store is over 8 miles away.
Investment Highlights
- Lower Rent & Price Point
- 15 Year NNN Corporate Lease With Rental Increases
- Investment Grade Tenant (S&P: BBB) W/20,000 Locations
- Near Cincinnati | 3rd Largest City In Ohio
- Hillsboro, OH | County Seat
- Limited Competition
Exclusively Listed By
Broker of Record
-
Michael L. Glass
Senior Vice President / Division Manager
Financing By
Listing Price: $1,660,000
Investment Highlights
- Lower Rent & Price Point
- 15 Year NNN Corporate Lease With Rental Increases
- Investment Grade Tenant (S&P: BBB) W/20,000 Locations
- Near Cincinnati | 3rd Largest City In Ohio
- Hillsboro, OH | County Seat
- Limited Competition
Investment Overview
LOWER RENT & PRICE POINT • This Dollar General has a lower rent compared to most new construction Dollar General’s which equates to a lower price point of $1.6 million. 15 YEAR NNN CORPORATE LEASE WITH RENTAL INCREASES • This property features Dollar General’s “next gen” Lease with 5% rent increases every 5 years in the 15-year corporate guaranteed NNN lease with Dollar General. • This store opened and rent commenced in August 2023 so there are 14 years remaining on the 15 year NNN lease. • 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. INVESTMENT GRADE TENANT (S&P: BBB) W/ 20,000 LOCATIONS • Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB. • Currently over 20,000 locations and plans to open 800 stores in 2024. • Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion. NEAR CINCINNATI | 3RD LARGEST CITY IN OHIO • The subject property is located 45 minutes east of downtown Cincinnati of off Highway 32 (12,267 VPD) • The city is the economic and cultural hub of the Cincinnati metropolitan area. With an estimated population of 2,256,884, it is Ohio’s largest metropolitan area and the nation’s 30th-largest. • Metropolitan Cincinnati has the twenty-eighth largest economy in the United States and the fifth largest in the Midwest • Cincinnati is home to three major sports teams: the Cincinnati Reds of Major League Baseball; the Cincinnati Bengals of the National Football League; and FC Cincinnati of Major League Soccer. • The city’s largest institution of higher education, the University of Cincinnati is now ranked as one of the 50 largest in the United States with nearly 30,000 students. HILLSBORO, OH | COUNTY SEAT • Hillsboro is the county seat of Highland county. Highland County has a population of 43,317 and experienced a 15.6% increase in median household income within the last 12 months. • National retailers in Hillsboro include Lowe’s Home Improvement, Walmart, Kroger, Tractor Supply, and more. • Highland District Hospital is located in Hillsboro and employs over 400 people in the county. • Home to Southern State Community College that has 2,722 students and 100 faculty members. LIMITED COMPETITION • This is the only Dollar/Grocery store in Mowrystown, OH • The nearest Dollar Store is over 8 miles away.
Exclusively Listed By
Broker of Record
-
Michael L. Glass
Senior Vice President / Division Manager