Dollar General

647 Broadway Avenue, Bedford, OH 44146

$1,075,000

Cap Rate 9.00%

$1,175,000

Cap Rate 8.24%

Updated: 05.21.24 Posted: 11.10.23 Status: Sold

Summary

Price $1,075,000 $1,175,000	Built/Renov 1958/2018	Tenant Dollar General
Cap Rate 9.00% 8.24%	Lease Type Double NN	Guarantor Corp T and Rated
Size/SF 12,762	Lease Start 05-01-2018	#Units 19,294
Price/SF $84.23 $92.07	Expiration 05-31-2028	Tenant Type Dollar/Discount
NOI $96,765	R. Term 3.0	Ownership Fee Simple
Rent/SF $7.58	Increases 10.0%/4/yrs	Pop 5Mi 153,998
Lot/AC 1.14	Options 4/5yrs/10%	AHHI 5Mi $69,829

Deno Bistolarides

ENCORE Real Estate Investment Services

Contact

Lease Highlights

Dollar General has 4+ years remaining on the current lease term with 4 (5-year) options
Lease features 10% rental increases throughout the initial term and each option
Corporate guaranteed lease
Dollar General is an investment grade tenant (S&P: BBB)

Location Description

Dollar Tree is strategically located by the signalized intersection of Broadway Avenue and Columbus Road which sees a combined 25,100 vehicles per day. It is adjacent to the UH Bedford Medical Center ER which is a 110-bed facility offering 24-hour patient care and 193 physicians trained in 30 medical specialties. The property is also surrounded by many national tenants including Burger King,...

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Key Features

Signalized intersection
Dense retail corridor
Near major nationals
Strategically located
Hospital close
Dense 100M+ pop 5 mi
Top 100 MSA
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Dollar General Wikipedia Dollar General Wikipedia Bedford, Ohio Zip Code 44146 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Dollar General
Guarantor:Corp T and Rated
Company:Dollar General Corp.
# Units:19,294
Tenant S&P: BBB
Moody’s: Baa3
Stock: NYSE: DG

About Tenant

Dollar General Corporation (NYSE: DG) is an American chain of variety stores. As of 2023, Dollar General operates more than 19,200 stores in 47 states and Mexico. The stores deliver everyday low...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	7,653	59,523	151,852
2023 Total Population :	7,764	60,547	154,006
2023 Employed Civilian Pop :	3,719	29,935	74,422
2023 Total Businesses :	309	2,225	6,778
2023 Average Household Income :	$ 67,735	$ 67,374	$ 78,362
2023 Total Consumer Spending :	$ 221 M	$ 1614 M	$ 4551 M
2023 Median Age :	43	44	44
2023 Total Households :	3,745	27,530	66,974
2023 Pop Age 25+: Bachelor's Degree :	966	5,925	18,189
2023 Average Home Value :	$ 136,347	$ 157,363	$ 191,560

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Broadway Ave	Tarbell Ave	2003	13,950	0.03 mi
Columbus St	Washington St	2003	5,200	0.04 mi
BROADWAY AVE	Center Rd	2020	11,582	0.07 mi
Center Rd	Broadway Ave	2003	5,250	0.07 mi
Broadway Avenue	Center Rd	2019	13,221	0.16 mi
Broadway Avenue	E Grace St	2021	12,729	0.16 mi
Columbus St	Washington St	2001	6,384	0.16 mi
W Grace St	Edgewood Ave	2018	7,947	0.28 mi
Columbus St	Avalon Dr	2013	6,506	0.34 mi
Center Rd	Ellenwood Ave	2013	7,393	0.41 mi

Listing Broker

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