Discount
Dollar General
5543 W Alexis Rd, Sylvania, OH 43560
Listing Price: $1,972,000
Investment Overview
Marcus & Millichap is pleased to present the Dollar General located in Sylvania, Ohio. The brand-new, 2021 build-to-suit Dollar General is perfectly positioned along Alexis Road which sees over 37,000 vehicles per day. Alexis Road has several other traffic drivers including McDonald’s, Taco Bell, Dunkin, Rite Aid, and AutoZone among several others. The property benefits from excellent visibility, proximity to ProMedica Flower Hospital (311 beds), and a five-mile population of over 141,000 people with an average household income of $87,675. The lease is a 15-year absolute NNN with the tenant having just opened in the summer of 2021 leaving no landlord responsibilities and over 14 years of term remaining. There are five, five-year renewal options, each of which having a 10% rent increases providing an excellent hedge against future inflation. Dollar General (NYSE: DG) is the largest small-box discount retailer in the United States with over 17,000 stores. For the 2020 fiscal year, the company report total sales exceeding $33 Billion and a net worth over $6.6 Billion. S&P has granted Dollar General an investment grade credit of ‘BBB.’ Dollar General embraces store growth as its model for expansion as they opened over 1,00 stores in 2021 with plans to open another 1,100 in 2022. 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 Build-to-Suit 2021 Construction ¦Over 14 Years Lease Term Remaining
- Absolute NNN Lease ¦ Zero Landlord Responsibilities
- 114,000+ People within 5 Miles ¦ Average Household Income of $87,675
- 37,000+ Vehicles Per Day on Alexis Rd ¦ National Retail Traffic Drivers Include McDonald's, Taco Bell, Rite Aid, and AutoZone among Many Others
- Investment Grade Credit, Rated 'BBB' by S&P
- Dollar General has 31 Years of Same Store Sales Growth ¦ Opened over 1,000 Stores in 2021 with Plans to Open 1,100 Stores in 2022
- 10% Increases in Each of the Five, Five-Year Options ¦ Excellent Hedge Against Inflation
Exclusively Listed By
Broker of Record
-
Michael L. Glass
Senior Vice President / Division Manager
Listing Price: $1,972,000
Investment Highlights
- Original Build-to-Suit 2021 Construction ¦Over 14 Years Lease Term Remaining
- Absolute NNN Lease ¦ Zero Landlord Responsibilities
- 114,000+ People within 5 Miles ¦ Average Household Income of $87,675
- 37,000+ Vehicles Per Day on Alexis Rd ¦ National Retail Traffic Drivers Include McDonald's, Taco Bell, Rite Aid, and AutoZone among Many Others
- Investment Grade Credit, Rated 'BBB' by S&P
- Dollar General has 31 Years of Same Store Sales Growth ¦ Opened over 1,000 Stores in 2021 with Plans to Open 1,100 Stores in 2022
- 10% Increases in Each of the Five, Five-Year Options ¦ Excellent Hedge Against Inflation
Investment Overview
Marcus & Millichap is pleased to present the Dollar General located in Sylvania, Ohio. The brand-new, 2021 build-to-suit Dollar General is perfectly positioned along Alexis Road which sees over 37,000 vehicles per day. Alexis Road has several other traffic drivers including McDonald’s, Taco Bell, Dunkin, Rite Aid, and AutoZone among several others. The property benefits from excellent visibility, proximity to ProMedica Flower Hospital (311 beds), and a five-mile population of over 141,000 people with an average household income of $87,675. The lease is a 15-year absolute NNN with the tenant having just opened in the summer of 2021 leaving no landlord responsibilities and over 14 years of term remaining. There are five, five-year renewal options, each of which having a 10% rent increases providing an excellent hedge against future inflation. Dollar General (NYSE: DG) is the largest small-box discount retailer in the United States with over 17,000 stores. For the 2020 fiscal year, the company report total sales exceeding $33 Billion and a net worth over $6.6 Billion. S&P has granted Dollar General an investment grade credit of ‘BBB.’ Dollar General embraces store growth as its model for expansion as they opened over 1,00 stores in 2021 with plans to open another 1,100 in 2022. 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

