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Dollar General

9229 Lakeshore Blvd, Mentor, OH 44060

Listing Price: $1,739,065

Cap Rate
6.00%
Tenant Name
Dollar General
Years Remaining On Lease
9.9
Gross SF
9,026
Guarantor
Corporate Guarantee
Rentable SF
9,026
Price/Gross SF
$192.67
Lease Type
Absolute Net
Rent Per Square Feet
$11.56

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Dollar General located at 9229 Lakeshore Boulevard, Mentor, Ohio 44060. The building consists of 9,026-square feet of building space and is situated on approximately 1.3 acres. The Dollar General is subject to a 15-year absolute triple-net (NNN) lease with ten-years remaining. The initial annual rent is $104,344 and is scheduled to increase by ten percent in each of the three, five-year renewal options.

Dollar General strives to make shopping hassle-free and affordable with more than 16,000 convenient, easy-to-shop stores in 46 states. Dollar General delivers everyday low prices on items including food, snacks, health, and beauty aids, cleaning supplies, basic apparel, housewares, seasonal items, paper products, and much more from Americas most-trusted brands and products, along with Dollar Generals high-quality private brands. From serving their customers with value and convenience and their employees with career opportunities to serving the communities, Dollar General has been committed to their mission of Serving Others since it was founded in 1939.

Investment Highlights

  • Long Term 15-Year Absolute Triple-Net (NNN) Lease | Ten-(10) Years Remaining
  • All Brick Upgraded Construction
  • Investment Grade Credit (S&P: BBB) | Corporate Guaranteed Lease (NYSE: DG)
  • Ten-(10%) Percent Rental Escalations in Each Renewal Option
  • Essential Business | Remains Open Through COVID-19 Pandemic
  • Strong Demographics | 91,900+ Residents | 35,800+ Households | $82,000+ AHHI

Exclusively Listed By

Listing Price: $1,739,065

Cap Rate
6.00%
Tenant Name
Dollar General
Years Remaining On Lease
9.9
Gross SF
9,026
Guarantor
Corporate Guarantee
Rentable SF
9,026
Price/Gross SF
$192.67
Lease Type
Absolute Net
Rent Per Square Feet
$11.56

Investment Highlights

  • Long Term 15-Year Absolute Triple-Net (NNN) Lease | Ten-(10) Years Remaining
  • All Brick Upgraded Construction
  • Investment Grade Credit (S&P: BBB) | Corporate Guaranteed Lease (NYSE: DG)
  • Ten-(10%) Percent Rental Escalations in Each Renewal Option
  • Essential Business | Remains Open Through COVID-19 Pandemic
  • Strong Demographics | 91,900+ Residents | 35,800+ Households | $82,000+ AHHI

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Dollar General located at 9229 Lakeshore Boulevard, Mentor, Ohio 44060. The building consists of 9,026-square feet of building space and is situated on approximately 1.3 acres. The Dollar General is subject to a 15-year absolute triple-net (NNN) lease with ten-years remaining. The initial annual rent is $104,344 and is scheduled to increase by ten percent in each of the three, five-year renewal options.

Dollar General strives to make shopping hassle-free and affordable with more than 16,000 convenient, easy-to-shop stores in 46 states. Dollar General delivers everyday low prices on items including food, snacks, health, and beauty aids, cleaning supplies, basic apparel, housewares, seasonal items, paper products, and much more from Americas most-trusted brands and products, along with Dollar Generals high-quality private brands. From serving their customers with value and convenience and their employees with career opportunities to serving the communities, Dollar General has been committed to their mission of Serving Others since it was founded in 1939.

Exclusively Listed By

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