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Views: 27 DOM: 20 Updated: 04.27.24 Posted: 04.27.24 Status: Active

Summary

Price $1,855,300
Built/Renov 2024
Tenant Dollar General Market
Cap Rate 6.75%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 12,668
Lease Start 01-31-2024
#Units 19,986
Price/SF $146.46
Expiration 01-31-2039
Tenant Type Dollar/Discount
NOI $125,233
R. Term 14.8
Ownership Fee Simple
Rent/SF $9.89
Increases 10.0%/15/yrs
Pop 5Mi 14,818
Lot/AC 0.00
Options 3/5yrs/10%
AHHI 5Mi $118,470

Lease Highlights

  • Brand new 2024 construction
  • Dollar General Market recently executed a brand new 15-year lease with 3 (5-year) options to extend
  • The lease features 10% rental escalations at the start of each option period
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General Market is strategically located on Twinsburg-Warren Road. This property is a relocation from a previously existing site less than a tenth of a mile away. The 5-mile trade area is supported by a population of 14,818 residents with an average household income of $118,470. Mantua is a village in northern Portage County, Ohio, with a population of 1,001 according to the 2020 census....

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Dollar General Market
  • Guarantor:Corp T and Rated
  • Company:Dollar General Corp.
  • # Units:19,986
  • Tenant S&P: BBB
  • Moody’s: Baa2
  • Stock: NYSE: DG

About Tenant

Dollar General Corporation (NYSE: DG) is an American chain of variety stores. The stores deliver everyday low prices on items including food, snacks, health, and beauty aids, cleaning supplies,...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 1,287 4,828 14,050
2023 Total Population : 1,313 4,871 14,039
2023 Employed Civilian Pop : 726 2,776 7,531
2023 Total Businesses : 93 208 377
2023 Average Household Income : $ 85,819 $ 101,115 $ 103,110
2023 Total Consumer Spending : $ 41 M $ 175 M $ 486 M
2023 Median Age : 47 47 45
2023 Total Households : 565 2,041 5,521
2023 Pop Age 25+: Bachelor's Degree : 126 682 1,780
2023 Average Home Value : $ 249,577 $ 328,788 $ 338,763
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
W High St Maple Ave 2011 2,820 0.11 mi
Main St Head Water Trl 2018 7,767 0.19 mi
Main St Woodford St 2013 7,110 0.23 mi
W Prospect St Cemetery St 2016 41 0.32 mi
Regan Street Cemetery St 2021 48 0.32 mi
East High Street E High St 2021 1,228 0.46 mi
HIGH ST Mennonite Rd 2020 2,617 0.51 mi
Main St Hillcrest Dr 2000 7,430 0.55 mi
Peck Rd Head Water Trl 2015 541 0.78 mi
Pioneer Trl Bowen Rd 2019 1,270 0.81 mi

Listing Broker

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