Discount

Dollar General (Youngstown MSA)

Listing Price: $1,474,000

Cap Rate
6.50%
Tenant Name
Dollar General
Years Remaining On Lease
14.70
Guarantor
Corporate Guarantee
Rentable SF
9,026
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$10.61

Investment Overview

NEW UPGRADED CONSTRUCTION STORE • Brand New 9,026 SF build-to-Suit Dollar General in Diamond, OH. • This store offers an upgraded façade and opened in June 2020. ATTRACTIVE INTERSTATE LOCATION • Subject property lies less than one mile from Interstate 76 (30,661 VPD) which connects Akron and Youngstown. • The subject property is well located at the intersections of Highway 534 (5,166 VPD) and Mahoning Avenue (3,459 VPD). • The 5 mile average household income is nearly $75,000, which is superior to most Dollar General locations. YOUNGSTOWN MSA • This store is located off I-76 approximately 30 miles East of Akron and 20 miles West of Youngstown and Warren. • Youngstown is the County Seat of Mahoning County and is the 9th largest city in Ohio with a population of 66,982. • Diamond is part of the Youngstown MSA. LONG TERM CORPORATE NNN LEASE • Brand new 15-year corporate guaranteed lease with Dollar General. • Tenant 100% responsible for all expenses, which include taxes, CAM, insurance, roof and structure. • 10% rent increase in each of the five, 5-year option periods. INVESTMENT GRADE TENANT • Dollar General is a publicly traded (NYSE: DG) Fortune 500 company and is BBB investment grade rated. • Currently over 15,839 locations in 45 states and 975 new locations scheduled to open in 2020. • Dollar General has been in business for 80 years and has a current net worth of over $6 billion.

Investment Highlights

  • New Upgraded Construction | Store Opened June 2020
  • Interstate Location (30,661 VPD)
  • Youngstown MSA
  • Brand New 15-Year NNN Lease
  • Investment Grade Tenant | 16,000 + Locations

Exclusively Listed By

  • Don McMinn

    Senior Managing Director Investments

    Email Don

    License(s): GA: 292036

    Atlanta

Discount

Dollar General (Youngstown MSA)

Listing Price: $1,474,000

Cap Rate
6.50%
Tenant Name
Dollar General
Years Remaining On Lease
14.70
Guarantor
Corporate Guarantee
Rentable SF
9,026
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$10.61

Investment Highlights

  • New Upgraded Construction | Store Opened June 2020
  • Interstate Location (30,661 VPD)
  • Youngstown MSA
  • Brand New 15-Year NNN Lease
  • Investment Grade Tenant | 16,000 + Locations

Investment Overview

NEW UPGRADED CONSTRUCTION STORE • Brand New 9,026 SF build-to-Suit Dollar General in Diamond, OH. • This store offers an upgraded façade and opened in June 2020. ATTRACTIVE INTERSTATE LOCATION • Subject property lies less than one mile from Interstate 76 (30,661 VPD) which connects Akron and Youngstown. • The subject property is well located at the intersections of Highway 534 (5,166 VPD) and Mahoning Avenue (3,459 VPD). • The 5 mile average household income is nearly $75,000, which is superior to most Dollar General locations. YOUNGSTOWN MSA • This store is located off I-76 approximately 30 miles East of Akron and 20 miles West of Youngstown and Warren. • Youngstown is the County Seat of Mahoning County and is the 9th largest city in Ohio with a population of 66,982. • Diamond is part of the Youngstown MSA. LONG TERM CORPORATE NNN LEASE • Brand new 15-year corporate guaranteed lease with Dollar General. • Tenant 100% responsible for all expenses, which include taxes, CAM, insurance, roof and structure. • 10% rent increase in each of the five, 5-year option periods. INVESTMENT GRADE TENANT • Dollar General is a publicly traded (NYSE: DG) Fortune 500 company and is BBB investment grade rated. • Currently over 15,839 locations in 45 states and 975 new locations scheduled to open in 2020. • Dollar General has been in business for 80 years and has a current net worth of over $6 billion.

Exclusively Listed By

  • Don McMinn

    Senior Managing Director Investments

    Email Don

    License(s): GA: 292036

    Atlanta

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