Skip to main content

Discount

Dollar General (Toledo)

7000 Wales Rd, Northwood, OH 43619

Listing Price: $2,000,000

Cap Rate
4.90%
Tenant Name
Dollar General
Years Remaining On Lease
15.1
Guarantor
Corporate Guarantee
Rentable SF
9,100
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$10.77

Investment Overview

NEW UPGRADED BUILD TO SUIT DOLLAR GENERAL • Brand new Build to Suit Dollar General located in Northwood (Toledo), OH • This store is 9,100 SF with upgraded construction that is delivering in October 2021. INTERSTATE LOCATION • This Dollar General is well located just off I-75 (82,333 VPD) which runs through the heart of downtown Toledo. • The 5-Mile population is 153,124 which is superior to most Dollar Generals. • Nearby national retailers include Meijer, Menards, McDonalds, O’Reilly, Arby’s, KFC, and more • Conveniently located minutes away from The University of Toledo (17,000 students), Downtown Toledo, Toledo Executive Airport and Hollywood Casino Toledo. TOLEDO • Toledo is the 4th most-populous city in OH and 79th-largest city in the U.S. • Toledo is the county seat of Lucas County, OH and a major Midwestern port city • Toledo has become well known for its industry in auto assembly and glass (hence the nickname “The Glass City”). • The University of Toledo offers over 250 academic programs to its 17,000+ students and is ranked among the top 100 public universities • Home to the Detroit Tigers’ triple-A professional baseball affiliate, bringing in around 540,000 visitors per year NEW 15 YEAR CORPORATE NNN LEASE • Brand 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 10% rent increases in each of the five, 5-year option periods. INVESTMENT GRADE TENANT • Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB. • Currently over 17,000 locations and expanding by 1,000 stores each year. • Dollar General has been in business for 80 years and has a current net worth of over $6.2 billions.

Investment Highlights

  • New Upgraded Construction Delivery Oct 2021
  • 5 Mile Population 153,124
  • Interstate Location (82,333)
  • Near Downtown Toledo 4th Largest City In OH
  • Brand New 15-Year NNN Lease
  • Investment Grade Tenant 17,500 + Locations

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s) OH: BRK.2007005898

    Ohio

Financing By

Listing Price: $2,000,000

Cap Rate
4.90%
Tenant Name
Dollar General
Years Remaining On Lease
15.1
Guarantor
Corporate Guarantee
Rentable SF
9,100
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$10.77

Investment Highlights

  • New Upgraded Construction Delivery Oct 2021
  • 5 Mile Population 153,124
  • Interstate Location (82,333)
  • Near Downtown Toledo 4th Largest City In OH
  • Brand New 15-Year NNN Lease
  • Investment Grade Tenant 17,500 + Locations

Investment Overview

NEW UPGRADED BUILD TO SUIT DOLLAR GENERAL • Brand new Build to Suit Dollar General located in Northwood (Toledo), OH • This store is 9,100 SF with upgraded construction that is delivering in October 2021. INTERSTATE LOCATION • This Dollar General is well located just off I-75 (82,333 VPD) which runs through the heart of downtown Toledo. • The 5-Mile population is 153,124 which is superior to most Dollar Generals. • Nearby national retailers include Meijer, Menards, McDonalds, O’Reilly, Arby’s, KFC, and more • Conveniently located minutes away from The University of Toledo (17,000 students), Downtown Toledo, Toledo Executive Airport and Hollywood Casino Toledo. TOLEDO • Toledo is the 4th most-populous city in OH and 79th-largest city in the U.S. • Toledo is the county seat of Lucas County, OH and a major Midwestern port city • Toledo has become well known for its industry in auto assembly and glass (hence the nickname “The Glass City”). • The University of Toledo offers over 250 academic programs to its 17,000+ students and is ranked among the top 100 public universities • Home to the Detroit Tigers’ triple-A professional baseball affiliate, bringing in around 540,000 visitors per year NEW 15 YEAR CORPORATE NNN LEASE • Brand 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 10% rent increases in each of the five, 5-year option periods. INVESTMENT GRADE TENANT • Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB. • Currently over 17,000 locations and expanding by 1,000 stores each year. • Dollar General has been in business for 80 years and has a current net worth of over $6.2 billions.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s): OH: BRK.2007005898

    Ohio

Financing By

MM Texture Background
MM Textured Background Lower