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Brand New Construction Dollar General w/ Strong Demos | Greater Cincinnati Area | 15Yr Abs Net Lease

1798 Fairgrove Ave, Hamilton (Cincinnati MSA), OH 45011

Listing Price: $2,048,912

Cap Rate
5.25%
Tenant Name
Dollar General
Years Remaining On Lease
14.9
Gross SF
9,002
Guarantor
Corporate Guarantee
Rentable SF
9,002
Price/Gross SF
$227.61
Lease Type
Absolute Net
Rent Per Square Feet
$11.95

Investment Overview

Hamilton is a city in and the county seat of Butler County, Ohio. Located 20 miles north of Cincinnati, Hamilton is the second largest city in the Greater Cincinnati area. The City has three designated National Historic Districts: Dayton Lane, German Village, and Rossville. The industrial city is seeking to revitalize through the arts; it was officially declared the “City of Sculpture” in 2000. Its initiative has attracted many sculpture installations to the city, which founded the Pyramid Hill Sculpture Park. Highways serving Hamilton are US Highway 127, State Route 128, State Route 129, State Route 130, and State Route 4. Hamilton’s location at the intersection of U.S. Route 127 and State Routes 128. 129, and 130 makes the city one of the few towns located at the intersection of four consecutively numbered highways.

Investment Highlights

  • 15-Year Absolute Net Lease (Zero Landlord Obligations) Featuring 10% Rental Increases at Each Option. Brand New 2021 Construction.
  • Features Easy Access and Excellent Visibility. Positioned Along one of the City's Main Roads with Daily Traffic Counts Exceeding 26k Vehicles.
  • Ranked #112 on the Fortune 500 List. Dollar General (NYSE: DG) Features Investment Grade Credit Rating "BBB" by S&P's and Annual Revenue Exceeding $33.74 Billion.
  • Well Above Average Demographics for any Dollar General: Features more than 125k People Residing within a 5-Mile Radius.
  • Surrounded by Numerous National Retailers including a Walmart Supercenter, Menards, The Home Depot, Target, Hobby Lobby, Kohl's, Dick's Sporting Goods, CVS and many more.
  • Across from Butler County Fairgrounds - The Fairgrounds features Shows and Exhibits, Demo Derby, Rodeo, Truck and Tractor Pulls, Live Music, Entertainment, Kid's Activities, Vendors, Food and more all Year.
  • Minutes from Miami University Hamilton - a Non-Residential Campus Offering Bachelor's Degrees, Associate Degrees and Beginning Course Work for most Four-Year Degrees.
  • In Close Proximity to TriHealth Bethesda Butler Hospital - a Two-Story Inpatient Hospital featuring Private Medical/Surgical Beds as well as an ICU Unit. Near Butler County Regional Airport - Serves as a Vital Link between the Butler County Business Community and their principal destinations including Atlanta, Chicago, Cleveland, Detroit, Indianapolis, Minneapolis, and Pittsburgh.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s) OH: BRK.2007005898

    Ohio

Discount

Brand New Construction Dollar General w/ Strong Demos | Greater Cincinnati Area | 15Yr Abs Net Lease

Listing Price: $2,048,912

Cap Rate
5.25%
Tenant Name
Dollar General
Years Remaining On Lease
14.9
Gross SF
9,002
Guarantor
Corporate Guarantee
Rentable SF
9,002
Price/Gross SF
$227.61
Lease Type
Absolute Net
Rent Per Square Feet
$11.95

Investment Highlights

  • 15-Year Absolute Net Lease (Zero Landlord Obligations) Featuring 10% Rental Increases at Each Option. Brand New 2021 Construction.
  • Features Easy Access and Excellent Visibility. Positioned Along one of the City's Main Roads with Daily Traffic Counts Exceeding 26k Vehicles.
  • Ranked #112 on the Fortune 500 List. Dollar General (NYSE: DG) Features Investment Grade Credit Rating "BBB" by S&P's and Annual Revenue Exceeding $33.74 Billion.
  • Well Above Average Demographics for any Dollar General: Features more than 125k People Residing within a 5-Mile Radius.
  • Surrounded by Numerous National Retailers including a Walmart Supercenter, Menards, The Home Depot, Target, Hobby Lobby, Kohl's, Dick's Sporting Goods, CVS and many more.
  • Across from Butler County Fairgrounds - The Fairgrounds features Shows and Exhibits, Demo Derby, Rodeo, Truck and Tractor Pulls, Live Music, Entertainment, Kid's Activities, Vendors, Food and more all Year.
  • Minutes from Miami University Hamilton - a Non-Residential Campus Offering Bachelor's Degrees, Associate Degrees and Beginning Course Work for most Four-Year Degrees.
  • In Close Proximity to TriHealth Bethesda Butler Hospital - a Two-Story Inpatient Hospital featuring Private Medical/Surgical Beds as well as an ICU Unit. Near Butler County Regional Airport - Serves as a Vital Link between the Butler County Business Community and their principal destinations including Atlanta, Chicago, Cleveland, Detroit, Indianapolis, Minneapolis, and Pittsburgh.

Investment Overview

Hamilton is a city in and the county seat of Butler County, Ohio. Located 20 miles north of Cincinnati, Hamilton is the second largest city in the Greater Cincinnati area. The City has three designated National Historic Districts: Dayton Lane, German Village, and Rossville. The industrial city is seeking to revitalize through the arts; it was officially declared the “City of Sculpture” in 2000. Its initiative has attracted many sculpture installations to the city, which founded the Pyramid Hill Sculpture Park. Highways serving Hamilton are US Highway 127, State Route 128, State Route 129, State Route 130, and State Route 4. Hamilton’s location at the intersection of U.S. Route 127 and State Routes 128. 129, and 130 makes the city one of the few towns located at the intersection of four consecutively numbered highways.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s): OH: BRK.2007005898

    Ohio

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