Investment Overview

Marcus and Millichap is pleased to exclusively offer for sale the Dollar General located at 1510 Gallia Street in Portsmouth, Ohio. This investment opportunity is being offered at $772,000 which represents a 7.25 percent cap rate. The subject property is a 8,030 square foot concrete block building that completed construction in 1938, and was renovated for Dollar General in 1998. There are currently five years remaining on the current lease term, after Dollar General executed a recent lease extension. There are two, five year option periods with rental increases in each. This Dollar General has a double net lease agreement with limited maintenance responsibilities. The tenant is responsible for common area maintenance, insurance, and taxes. The landlord is responsible for roof, HVAC and structure of the property. Dollar General contributes $125 per month as contribution to care and maintenance of the parking lot. Dollar General has over 25 years of operating history at this location. The site is ideally positioned with direct frontage on a four way signalized intersection, and multiple points of access. Dollar General benefits by being accessible by foot to the communities surrounding the store. This location sells beer, wine and tobacco products. Portsmouth is located in Scioto County, Ohio, and serves as its county seat. Portsmouth is located at the confluence of the Ohio and Scioto rivers in the southernmost tip of the state. The City of Portsmouth is approximately 80 miles south of Columbus and 110 miles east of Cincinnati, with easy access to major metropolitan areas in the Tri-State Region. Scioto County is one of the most picturesque regions in the state surrounded by rolling hills, lush hardwood forests and scenic waterways. It is also home to Shawnee State University, Ohio’s newest university which is situated between the Ohio River and downtown Portsmouth.