Discount
Dollar General
16665 Grand Army of the Republic Hwy, Montville, OH 44064
Listing Price: $1,227,182
Cap Rate
7.70%
Tenant Name
Dollar General
Years Remaining On Lease
9.2
Guarantor
Corporate Guarantee
Rentable SF
9,100
Lease Type
Absolute Net
Rent Per Square Feet
$10.38
Investment Overview
This investment is being offered at $1,227,182 which represents a 7.70% cap rate.
Dollar General
Investment Highlights
- Absolute NNN Lease with 9.3 Years Remaining on Initial 15 Year Term
- Situated on a Large 3+ Acre Parcel Allowing Potential for Expansion of Store if Tenant Ever Desired a Larger Footprint
- Store is Located Near a Four-Way Signalized Intersection in Town
- Competition Void: Only Dollar General Servicing the Montville Market
- Store Sells Beer and Wine and is One of the Primary Grocery Sources in the Immediate Area
- Site is Less Than One Hour from Downtown Cleveland and Less Than 16 Miles from the Lake Erie Shoreline
- Store is Near Established Local Businesses, Churches and Residential Homes on the Primary Corridor in Town
Exclusively Listed By
Broker of Record
-
Michael Glass
Executive Managing Director, Chief Revenue Officer- Mid-West Division
Listing Price: $1,227,182
Cap Rate
7.70%
Tenant Name
Dollar General
Years Remaining On Lease
9.2
Guarantor
Corporate Guarantee
Rentable SF
9,100
Lease Type
Absolute Net
Rent Per Square Feet
$10.38
Investment Highlights
- Absolute NNN Lease with 9.3 Years Remaining on Initial 15 Year Term
- Situated on a Large 3+ Acre Parcel Allowing Potential for Expansion of Store if Tenant Ever Desired a Larger Footprint
- Store is Located Near a Four-Way Signalized Intersection in Town
- Competition Void: Only Dollar General Servicing the Montville Market
- Store Sells Beer and Wine and is One of the Primary Grocery Sources in the Immediate Area
- Site is Less Than One Hour from Downtown Cleveland and Less Than 16 Miles from the Lake Erie Shoreline
- Store is Near Established Local Businesses, Churches and Residential Homes on the Primary Corridor in Town
Investment Overview
This investment is being offered at $1,227,182 which represents a 7.70% cap rate.
Exclusively Listed By
Broker of Record
-
Michael Glass
Executive Managing Director, Chief Revenue Officer- Mid-West Division
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