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Dollar General

128 Vail St, Arlington, OH 45814

Listing Price: $1,416,000

Cap Rate
6.00%
Tenant Name
Dollar General
Years Remaining On Lease
8.0
Gross SF
12,947
Guarantor
Corporate Guarantee
Rentable SF
12,947
Price/Gross SF
$109.37
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$6.57

Investment Overview

Marcus & Millichap is please to present the Dollar General located in Arlington, OH. The newly renovated Dollar General is positioned in the perfect area with zero discount store or grocery competition in the market. The 12,947 square foot building allows for the tenant to implement its growing average footprint as well. In February of 2020, the original 10-year lease was signed, leaving 8 years of lease term remaining. There are three, five-year renewal options with 10% increases, providing a hedge against inflation. Dollar General (NYSE: DG) is the largest small-box discount retailer in the country with over 17,000 stores. For fiscal year 2020, the company reported total sales exceeding $33 Billion and a net worth over $6.6 Billion (S&P: ‘BBB’ investment grade credit rating). Dollar General embraces store growth as its model for expansion as they plan to open 1,200 stores in 2022 and remodel 1,750 other locations. Dollar General’s site selection and operations continue to impress with the company posting 31 consecutive years of same-store sales growth.

Investment Highlights

  • Original 10 Year Lease | 8 Years of Lease Term Remaining | Minimal Landlord Responsibilities
  • Zero Discount Store or Grocery Competition in the Market | Oversized Store Allows Tenant to Implement its Growing Average Store Footprint
  • Three, Five-Year Renewal Options with 10% Increases Providing Hedge Against Inflation
  • Dollar General has 18,000 Stores & Reports Annual Revenue in Excess of $33.7 Billion | S&P Investment Grade Credit Rating of 'BBB'
  • Dollar General plans to Build 1,200 more Locations in 2022 and Remodel 1,750 other Locations
  • Tenant has over 31 Consecutive Years of Same-Store Sales Growth Demonstrating Excellent Site Selection and Operational Performance

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s) OH: BRK.2007005898

    Ohio

Discount

Dollar General

Listing Price: $1,416,000

Cap Rate
6.00%
Tenant Name
Dollar General
Years Remaining On Lease
8.0
Gross SF
12,947
Guarantor
Corporate Guarantee
Rentable SF
12,947
Price/Gross SF
$109.37
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$6.57

Investment Highlights

  • Original 10 Year Lease | 8 Years of Lease Term Remaining | Minimal Landlord Responsibilities
  • Zero Discount Store or Grocery Competition in the Market | Oversized Store Allows Tenant to Implement its Growing Average Store Footprint
  • Three, Five-Year Renewal Options with 10% Increases Providing Hedge Against Inflation
  • Dollar General has 18,000 Stores & Reports Annual Revenue in Excess of $33.7 Billion | S&P Investment Grade Credit Rating of 'BBB'
  • Dollar General plans to Build 1,200 more Locations in 2022 and Remodel 1,750 other Locations
  • Tenant has over 31 Consecutive Years of Same-Store Sales Growth Demonstrating Excellent Site Selection and Operational Performance

Investment Overview

Marcus & Millichap is please to present the Dollar General located in Arlington, OH. The newly renovated Dollar General is positioned in the perfect area with zero discount store or grocery competition in the market. The 12,947 square foot building allows for the tenant to implement its growing average footprint as well. In February of 2020, the original 10-year lease was signed, leaving 8 years of lease term remaining. There are three, five-year renewal options with 10% increases, providing a hedge against inflation. Dollar General (NYSE: DG) is the largest small-box discount retailer in the country with over 17,000 stores. For fiscal year 2020, the company reported total sales exceeding $33 Billion and a net worth over $6.6 Billion (S&P: ‘BBB’ investment grade credit rating). Dollar General embraces store growth as its model for expansion as they plan to open 1,200 stores in 2022 and remodel 1,750 other locations. Dollar General’s site selection and operations continue to impress with the company posting 31 consecutive years of same-store sales growth.

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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