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Dollar General, Carrollton, OH

Dollar General

Ohio, USA

Price $1,850,000
Cap Rate
NOI
Lease Term 15 Years
Lease Type Absolute NNN, With Tenant Responsible For All Taxes, Insurance, And Maintenance, Including Roof, Structure, And Parking Lot
Rental Increases 10% Rental Increases In Option Periods
Year Built 2021
Building Size 10,640 SF
Lot Size 1.46 Acres (63,598 SF)
Status Sold
Lead Broker Information Michael T. Yuras, CCIM
Vice Chairman
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Executive Managing Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Vincent Aicale
Executive Managing Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Executive Managing Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Investment Highlights

NEW 15-YEAR ABSOLUTE NNN LEASE WITH CORPORATE GUARANTY
» New 15-year absolute NNN lease to growing retail tenant
» Guaranteed by Dollar General Corporation (NYSE: “DG”)
» Dollar General’s annual revenue exceeds $34 billion
» Dollar General Ranked #91 on Fortune 500 list (12 consecutive years of Fortune 500 ranking growth)
» Dollar General operates more than 18,130 locations in 46 states and has plans for significant future growth
» Tenant is responsible for taxes, insurance, and all maintenance, including roof, structure, and parking lot
» No landlord management, ideal investment opportunity for an out-of-area investor

HIGH-VISIBILITY LOCATION IN POPULOUS SUBURBAN OHIO MARKET
» Easily accessible location along State Route 332/Scio Road, a primary north-south Carrollton thoroughfare
» State Route 332/Scio Road connects U.S. Route 250 to U.S. Route 30, attracting significant amounts of commuter traffic through the site
» One mile from Downtown Carrollton and across the street from Carrollton High School (1,716 students)
» Carrollton is the county seat of Carroll County with a wide trade area with limited services
» 53,700 residents within a 15-mile radius of the property, establishing a consistent customer base for the site
» Projected 11 percent average annual household income increase within five miles of the site in the next five years, poising Dollar General and Carrollton for concurrent growth

HIGH-QUALITY 2021 CONSTRUCTION
» High-quality construction completed in 2021 featuring Dollar General’s latest prototype
» 21-foot pylon sign facing State Route 332/Scio Road, increasing visibility to the location
» Large, 1.46-acre parcel


Property Description

SOLD

This Dollar General has an easily accessible location along State Route 332/Scio Road, a primary north-south Carrollton thoroughfare. State Route 332/Scio Road connects U.S. Route 250 to U.S. Route 30, attracting significant amounts of commuter traffic directly through the site. The property in conveniently located less than a mile from Downtown Carrollton and across the street from Carrollton High School (1,716 students), attracting regular foot traffic to the site. The property is located in a populous area, with 53,700 residents living within a 15-mile radius of the property. This Dollar General is poised to grow along with the location, with a projected 11 percent average annual household income increase within five miles of the site in the next five years.

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