Dollar General

1651 Cooper Foster Park Road, Amherst, OH 44001

$1,212,500

Cap Rate 7.15%

$1,239,000

Cap Rate 7.00%

DOM: 75 Updated: 03.04.24 Posted: 11.09.23 Status: Sold 01.23.24

Summary

Price $1,212,500 $1,239,000	Built/Renov 2015	Tenant Dollar General
Cap Rate 7.15% 7.00%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 9,026	Lease Start 02-01-2015	#Units 19,294
Price/SF $134.33 $137.27	Expiration 01-31-2030	Tenant Type Dollar/Discount
NOI $86,698	R. Term 4.9	Ownership Fee Simple
Rent/SF $9.61	Increases 10.0%/2/yrs	Pop 5Mi 102,810
Lot/AC 1.42	Options 3/5yrs/10%	AHHI 5Mi $69,455

Calvin Short

Berkeley Capital Advisors

Contact

Lease Highlights

Dollar General has 6+ years remaining on the current lease term with 3 (5-year) options to extend
Lease features 10% rental increase eery 5 years throughout the initial term and at the start of each option
Absolute NNN | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

Dollar General is strategically located along Cooper Foster Park Rd. which sees 12,701+ vehicles passing by daily. The property lies within a dense retail corridor, consisting of many national tenants including Big Lots, Michael’s, Tractor Supply Co., Aldi and more, creating a strong consumer drive to the trade area. A robust 102,810 people, earning an average household income of $69,455...

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Key Features

Major thoroughfare
Dense retail corridor
Near major nationals
Strategically located
Dense 100M+ pop 5 mi
Top 100 MSA
Absolute NNN
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Dollar General Wikipedia Dollar General Wikipedia Amherst, Ohio Zip Code 44001 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 :	6,521	59,464	103,560
2023 Total Population :	6,529	59,060	102,810
2023 Employed Civilian Pop :	3,168	26,748	46,403
2023 Total Businesses :	307	1,399	2,642
2023 Average Household Income :	$ 71,145	$ 75,433	$ 69,455
2023 Total Consumer Spending :	$ 182 M	$ 1608 M	$ 2618 M
2023 Median Age :	44	42	41
2023 Total Households :	2,943	24,453	43,057
2023 Pop Age 25+: Bachelor's Degree :	572	5,653	8,581
2023 Average Home Value :	$ 176,348	$ 186,428	$ 176,678

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Cooper Foster Park Rd	Ashwood Blvd	2018	10,628	0.30 mi
N Ridge Rd E	Linn Rd	2012	4,898	0.32 mi
North Ridge Road East	Oberlin Rd	2021	4,946	0.33 mi
Oberlin Ave	N Ridge Rd E	2013	2,811	0.47 mi
N Ridge Rd E	Hemlock Dr	2016	4,884	0.54 mi
SR 2	Oberlin Rd	2021	46,436	0.57 mi
Oberlin Ave	Westwood Dr	2013	9,667	0.58 mi
COOPER-FOSTER PARK RD	N Ridge Rd E	2020	11,602	0.66 mi
N Ridge Rd W	Washington Ave	2005	2,762	0.67 mi
N Ridge Rd E	S Dewey Rd	2018	5,061	0.69 mi

Listing Broker

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