Dollar General

Dollar General

15629 Mahoning Avenue
Diamond (Youngstown MSA), OH

Price: $1,474,000
Cap: 6.50%
NOI: $95,768
Building Size: 9,026 SF
Lot Size: 7.52 AC

Investment Highlights

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.

Don McMinn
OFFERING MEMORANDUM

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