Discount
Dollar General | Triple Net Lease | Proximity to Interstate 70 and Downtown Springfield
3822 Springfield Xenia Rd, Springfield, OH 45506
Listing Price: $1,098,700
Cap Rate
8.00%
Tenant Name
Dollar General
Years Remaining On Lease
5.4
Guarantor
Corporate Guarantee
Rentable SF
10,860
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$8.09
Investment Overview
Marcus & Millichap is pleased to present the offering for Dollar General in Springfield, Ohio.
Dollar General | Triple Net Lease | Proximity to Interstate 70 and Downtown Springfield
Investment Highlights
- SINGLE TENANT DOLLAR GENERAL LOCATION: 10,860-Square-Foot on a Large 1.68 Acre Lot
- TRIPLE NET LEASE: Six Years Remaining on a 10-Year Triple-Net Lease with Four, Five-Year Renewal Options and 10 Percent Rental Increases in Each Option. Minimal Landlord Responsibilities
- CORPORATE GUARANTEE: Lease is Guaranteed by Dollar General, with Over 20,000 Locations Across 48 States
- FEE SIMPLE OWNERSHIP: Provides the Buyer with the Highest Form of Real Estate Ownership and Absolute Control Over the Asset
- HIGH VISIBILITY LOCATION: Located Along Springfield Xenia Road with High Visibility and Lighted Pylon Sign. Easy Access from Both Traffic Directions. Four Miles from Downtown Springfield
- HIGH TRAFFIC CORRIDOR: Located Just Off of Interstate 70 Seeing 55,800 Vehicles Per Day, a Major East-West Highway Connecting Dayton to Columbus and on to Pittsburgh
- 2 MILES FROM SPRINGFIELD-BECKLEY MUNICIPAL AIRPORT: Springfield-Beckley is a General Aviation Airport and Home to The Ohio Air National Guard 178th Wing Unit
- PROXIMITY BETWEEN TWO MAJOR OHIO METRO AREAS: Springfield Is 30 Miles from Downtown Dayton Area, the 4th Largest Metro in Ohio. Columbus, the State Capital, is 30 Miles West and the Most Populous City in Ohio
Discount
Dollar General | Triple Net Lease | Proximity to Interstate 70 and Downtown Springfield
Listing Price: $1,098,700
Cap Rate
8.00%
Tenant Name
Dollar General
Years Remaining On Lease
5.4
Guarantor
Corporate Guarantee
Rentable SF
10,860
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$8.09
Investment Highlights
- SINGLE TENANT DOLLAR GENERAL LOCATION: 10,860-Square-Foot on a Large 1.68 Acre Lot
- TRIPLE NET LEASE: Six Years Remaining on a 10-Year Triple-Net Lease with Four, Five-Year Renewal Options and 10 Percent Rental Increases in Each Option. Minimal Landlord Responsibilities
- CORPORATE GUARANTEE: Lease is Guaranteed by Dollar General, with Over 20,000 Locations Across 48 States
- FEE SIMPLE OWNERSHIP: Provides the Buyer with the Highest Form of Real Estate Ownership and Absolute Control Over the Asset
- HIGH VISIBILITY LOCATION: Located Along Springfield Xenia Road with High Visibility and Lighted Pylon Sign. Easy Access from Both Traffic Directions. Four Miles from Downtown Springfield
- HIGH TRAFFIC CORRIDOR: Located Just Off of Interstate 70 Seeing 55,800 Vehicles Per Day, a Major East-West Highway Connecting Dayton to Columbus and on to Pittsburgh
- 2 MILES FROM SPRINGFIELD-BECKLEY MUNICIPAL AIRPORT: Springfield-Beckley is a General Aviation Airport and Home to The Ohio Air National Guard 178th Wing Unit
- PROXIMITY BETWEEN TWO MAJOR OHIO METRO AREAS: Springfield Is 30 Miles from Downtown Dayton Area, the 4th Largest Metro in Ohio. Columbus, the State Capital, is 30 Miles West and the Most Populous City in Ohio
Investment Overview
Marcus & Millichap is pleased to present the offering for Dollar General in Springfield, Ohio.
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