Skip to main content

Discount

Dollar General (Dayton MSA)

3895 OH-121, Greenville, OH 45331

Listing Price: $1,993,000

Cap Rate
6.75%
Tenant Name
Dollar General
Years Remaining On Lease
14.9
Guarantor
Corporate Guarantee
Rentable SF
10,640
Lease Type
Absolute Net
Rent Per Square Feet
$12.64

Investment Overview

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 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.
• This store delivered in July 2024 and is scheduled to open in August 2024

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.

DAYTON MSA | 4TH LARGEST MSA IN OH (814,049 PEOPLE)
• Greenville is located 45 minutes northwest of downtown Dayton and is a part of the MSA.
• Dayton is the sixth-largest city in Ohio and is Ohio’s fourth largest metropolitan area. The MSA lies within Ohio’s Miami Valley region.
• Dayton hosts significant research and development in fields like industrial, aeronautical, and astronomical engineering that have led to many technological innovations.
• Healthcare accounts for much of the Dayton area’s economy. Hospitals in the Greater Dayton area have an estimated combined employment of nearly 32,000 and a yearly economic impact of $6.8 billion. Dayton was rated the #3 city in the nation by Health grades for excellence in healthcare.

PRIMARY CONVENIENCE STORE SERVING WAYNE LAKES (700 RESIDENTS)
• This Dollar General is the closest convenience store to Wayne Lakes Village. Wayne Lakes is a 300 home community with over 700 residents

GREENVILLE, OH | COUNTY SEAT WITH 24.8K EMPLOYEES
• Greenville is located near Ohio’s western edge about 33 miles northwest of Dayton, OH and is the county seat of Darke County.
• Greenville is a manufacturing hub with 24,800 employees. Various companies have offices in Greenville including KitchenAid & BASF North America.
• National retailers in Greenville include Lowe’s Home Improvement, Walmart, Kroger, ALDI, and more.
• This Dollar General is only 4 miles away from Wayne Healthcare, a 92 bed hospital with over 300 employees

Investment Highlights

  • 15 Year NNN Corporate Lease With Rental Increases
  • Investment Grade Tenant (S&P: BBB) W/20,000 Locations
  • Dayton MSA | 4th Largest MSA In OH (814,049 People)
  • Primary Convenience Store Serving Wayne Lakes (700 Residents)
  • Greenville, OH | County Seat With 24.8k Employees

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 (Dayton MSA)

Listing Price: $1,993,000

Cap Rate
6.75%
Tenant Name
Dollar General
Years Remaining On Lease
14.9
Guarantor
Corporate Guarantee
Rentable SF
10,640
Lease Type
Absolute Net
Rent Per Square Feet
$12.64

Investment Highlights

  • 15 Year NNN Corporate Lease With Rental Increases
  • Investment Grade Tenant (S&P: BBB) W/20,000 Locations
  • Dayton MSA | 4th Largest MSA In OH (814,049 People)
  • Primary Convenience Store Serving Wayne Lakes (700 Residents)
  • Greenville, OH | County Seat With 24.8k Employees

Investment Overview

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 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. • This store delivered in July 2024 and is scheduled to open in August 2024 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. DAYTON MSA | 4TH LARGEST MSA IN OH (814,049 PEOPLE) • Greenville is located 45 minutes northwest of downtown Dayton and is a part of the MSA. • Dayton is the sixth-largest city in Ohio and is Ohio’s fourth largest metropolitan area. The MSA lies within Ohio’s Miami Valley region. • Dayton hosts significant research and development in fields like industrial, aeronautical, and astronomical engineering that have led to many technological innovations. • Healthcare accounts for much of the Dayton area’s economy. Hospitals in the Greater Dayton area have an estimated combined employment of nearly 32,000 and a yearly economic impact of $6.8 billion. Dayton was rated the #3 city in the nation by Health grades for excellence in healthcare. PRIMARY CONVENIENCE STORE SERVING WAYNE LAKES (700 RESIDENTS) • This Dollar General is the closest convenience store to Wayne Lakes Village. Wayne Lakes is a 300 home community with over 700 residents GREENVILLE, OH | COUNTY SEAT WITH 24.8K EMPLOYEES • Greenville is located near Ohio’s western edge about 33 miles northwest of Dayton, OH and is the county seat of Darke County. • Greenville is a manufacturing hub with 24,800 employees. Various companies have offices in Greenville including KitchenAid & BASF North America. • National retailers in Greenville include Lowe’s Home Improvement, Walmart, Kroger, ALDI, and more. • This Dollar General is only 4 miles away from Wayne Healthcare, a 92 bed hospital with over 300 employees

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

MM Texture Background
MM Textured Background Lower